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Pack93z
  • Pack93z
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13 years ago
Of course not hosting a playoff game hurt a bit, but kind of alarming that operating profit only came in at 2.2 million.





http://www.packers.com/news-and-events/article_spofford/article-1/Lockout-helped-reduce-Packers-player-costs/a4a174da-b0e8-463e-91a7-fc5a7cd6cd59 

Lockout helped reduce Packers' player costs
By Mike Spofford


This past year, the Green Bay Packers saw their operating profit rise $2.2 million over the previous fiscal year, a modest increase for a Super Bowl champion.

Interestingly, the boost may not have been even that much had it not been for the NFL’s work stoppage, according to team officials who discussed the financial report with packers.com.

The $2.2 million increase in operating profit – from $9.8 million last year to $12 million this year – was almost entirely due to a $2 million drop in player costs. That drop was mostly a function of the work stoppage, which prevented the team from signing any players to contracts during March, the final month of the fiscal year when the normal free-agent signing period opens.

Had there not been a work stoppage, it’s reasonable to assume the Packers would have signed another player or two in March and the operating profit would have remained stagnant, or even fallen below last year’s, despite a Super Bowl title.

That would have continued the trend of player costs rising at a faster rate than revenues, the primary reason for the league’s and the Packers’ push for a new collective bargaining agreement.

“Player costs are still going to continue to rise, so we still need to work to increase local revenue to keep pace with the rest of the league,” Packers President/CEO Mark Murphy said. “The hope has been that we could agree to a system that balances out the previous trend.”

That new agreement was approved by the owners last Thursday and then by the players on Monday, finally signaling the start of the new league year.

“The lockout has been difficult for everyone,” Murphy said. “I appreciate how hard both sides worked to reach a deal that’s good for the game.”

Gross revenues reached another all-time high for the Packers, rising 9.5 percent to $282.6 million. Expenses rose nearly as much, however, jumping 9 percent to $270.6 million. Player costs and team expenses, which included four postseason road games, accounted for 72 percent of all expenses.

National revenues, such as those from television contracts, rose a modest 3.6 percent. Local revenues, or stadium revenues such as those from the Lambeau Field Atrium businesses, saw a significant 18 percent rise, mostly due to two factors – a major boost in Pro Shop sales during the team’s playoff run and following the Super Bowl title, and a ticket price increase. That helped offset the cost of the four postseason road games.

Overall, the Packers’ net income increased from $5.2 million in fiscal 2010 to $17.1 million this past year, with most of the increase attributed to investment income.

“The gains offset investment losses from the previous two years,” said Paul Baniel, the Packers’ vice president of finance. “That has returned the investment portfolio to its level prior to the economic downturn.”

Moving forward, the challenge remains to find new local revenue streams and maximize on those that exist.

The Packers continue to study potential expansion of Lambeau Field, and team officials appreciated that both parties in the CBA negotiations recognized that stadium development is important to the league as a whole and a big part of the viability of the game.

Other economic development projects for the area surrounding Lambeau Field continue to be discussed as well.

“The agreement will continue to help us plan for more development, which will help generate more local revenue and add economic value for the community,” said Jason Wied, vice president of administration/general counsel. “Continued development will be a priority for the Packers.”


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Fan Shout
Mucky Tundra (13h) : Greg Gumbel passed away today after bout with cancer.
buckeyepackfan (18h) : 1 NFC South @ NFC West @ AFC West other 3 games,
buckeyepackfan (18h) : Packers play NFC East and AFC North in 2025, plus 2 other games
Mucky Tundra (19h) : Geeze Zero get it right!😋
Zero2Cool (20h) : I guess 3 games. Whatever
Zero2Cool (21h) : Bleh, that only impacts two games.
Zero2Cool (21h) : Packers are gonna get 3rd place division schedule next year.
Mucky Tundra (22h) : Kanata, seek help! lol
beast (27-Dec) : I was rooting for the Bears to win and hurt their draft pick status
Zero2Cool (27-Dec) : Forgot there was even a game last night haha
TheKanataThrilla (27-Dec) : That was terrible.
TheKanataThrilla (27-Dec) : Watching that game in its entirety yesterday is proof positive that I am a football addict.
beast (27-Dec) : And horrible time management multiple times... and not being able to score more than 3 points on a team with talent
beast (27-Dec) : Realizing the Bears didn't fix it from the previous week and do the same thing, getting the game to overtime
beast (27-Dec) : They probably are not tanking, but they've absolutely mismanagement some things, such as Vikings seeing the Packers blocked FG and realizing
Zero2Cool (27-Dec) : Crazy of Bears to have that mindset that is
Zero2Cool (27-Dec) : Hail Mary stop away from 5 - 2. Not sure how that flips to tanking. Crazy mindset if true
beast (27-Dec) : I've quietly questioned if Bears are tanking on purpose... they suddenly got a lot worse with some simple concepts like 101 clock management
wpr (27-Dec) : Watching bares fans melt down over how putrid their team is, so enjoyable. It's the gift that keeps on giving.
Mucky Tundra (27-Dec) : The Seattle Seahawks defeat the Chicago Bears 6-3. Jason Myers had 6 RBIs for Seattle while Cairo Santos had 3 RBI for Chicago
beast (27-Dec) : Not nessarily, he might of been injured either way. He's playing about 50% of the games the last 4 years
Zero2Cool (26-Dec) : If they'd been more patient with him, he'd be back already. Putting him out there vs Bears caused him to tweak it and here we are.
packerfanoutwest (26-Dec) : well this is his last season with the PAck, book it
beast (26-Dec) : Sounds like no Alexander (again), I'm wondering if his time with the Packers is done
Zero2Cool (26-Dec) : Could ban beast and I still don't think anyone catches him.
Mucky Tundra (26-Dec) : Houston getting dog walked by Baltimore
packerfanoutwest (25-Dec) : Feliz Navidad!
Zero2Cool (25-Dec) : Merry Christmas!
beast (25-Dec) : Merry Christmas 🎄🎁
beast (24-Dec) : Sounds like no serious injuries from the Saints game and Jacobs and Watson should play in the Vikings game
packerfanoutwest (24-Dec) : both games Watson missed, Packers won
Martha Careful (24-Dec) : I hope all of you have a Merry Christmas!
Mucky Tundra (24-Dec) : Oh I know about Jacobs, I just couldn't pass up an opportunity to mimic Zero lol
buckeyepackfan (24-Dec) : Jacobs was just sat down, Watson re-injured that knee that kept him out 1 game earlier
buckeyepackfan (24-Dec) : I needed .14 that's. .14 points for the whole 4th quarter to win and go to the SB. Lol
Mucky Tundra (24-Dec) : Jacobs gonna be OK???
Zero2Cool (24-Dec) : Watson gonna be OK???
packerfanoutwest (24-Dec) : Inactives tonight for the Pack: Alexander- knee Bullard - ankle Williams - quad Walker -ankle Monk Heath
packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.
packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed
Zero2Cool (23-Dec) : We'd have same Division and Conference records. Strength of schedule we edge them
Zero2Cool (23-Dec) : I just checked. What tie breaker?
bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner
Zero2Cool (23-Dec) : Ahh, ok.
bboystyle (23-Dec) : yes due to tie breaker
Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.
Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?
bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference
Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network
beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th
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