Pack93z
  • Pack93z
  • Select Member Topic Starter
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
beast (1h) : In other news, the Green Bay Packers have signed Zero2Cool to update their website 😋 jk
beast (4h) : Might just re-sign the kicker we got
beast (4h) : Are there any kickers worth drafting next year?
Zero2Cool (4h) : Preston Smith for Malik Willis
Mucky Tundra (4h) : Getting a 7th rounder from the Stillers
Zero2Cool (4h) : At least we get 7th round pick now!! HELLO NEW KICKER
Mucky Tundra (4h) : Steelers getting a premier lockdown corner!
Zero2Cool (4h) : Packers are trading edge rusher Preston Smith to the Pittsburgh Steelers, per sources.
Mucky Tundra (4h) : Preston Smith traded to the Steelers!!!!
Zero2Cool (5h) : CB Marshon Lattimore to Commanders
Zero2Cool (10h) : Bears are sending RB Khalil Herbert to the Bengals, per sources.
Zero2Cool (10h) : ZaDarius Smith continues his "north" tour.
Zero2Cool (11h) : Let the Chiefs trade a 5th for him
Zero2Cool (11h) : Nearing 30, large contract, nope.
Martha Careful (23h) : any interest in Marshon Lattimore?
Zero2Cool (4-Nov) : What does NFL do if they're over cap?
Mucky Tundra (4-Nov) : They've been able to constantly push it out through extensions, void years etc but they're in the hole by 72 million next year I believe
hardrocker950 (4-Nov) : Seems the Saints are always in cap hell
Mucky Tundra (4-Nov) : Saints HC job is not an envious one; gonna be in cap hell for 3 years
Mucky Tundra (4-Nov) : Dennis Allen has now been fired twice mid-season with Derek Carr as his starting QB
Zero2Cool (4-Nov) : Kuhn let go
beast (4-Nov) : I wonder if the Packers would have any interest in Z. Smith, probably not
Zero2Cool (4-Nov) : Shefter says Browns and Lions will figure out how to get a deal done for Za'Darius Smith..
Zero2Cool (4-Nov) : Packers are more likely to have 1,000 yard rusher than 4,000 yard passer
Zero2Cool (3-Nov) : It's raining hard.
Zero2Cool (3-Nov) : Packers inactives vs. Lions: CB Jaire Alexander S Evan Williams C Josh Myers Non-injury inactives: WR Malik Heath OL Travis Glover DE Bren
packerfanoutwest (3-Nov) : Malik Willis: My focus is helping the Packers win, not proving I can start elsewhere. But he could
Zero2Cool (1-Nov) : I had Texans, but the loss of another WR flipped me
wpr (1-Nov) : I thought about taking the Jets but they've been a disaster. Losing to the Pats last week
Zero2Cool (1-Nov) : Surprised more didn't pick Jets in Pick'em.
Please sign in to use Fan Shout
2024 Packers Schedule
Friday, Sep 6 @ 7:15 PM
Eagles
Sunday, Sep 15 @ 12:00 PM
COLTS
Sunday, Sep 22 @ 12:00 PM
Titans
Sunday, Sep 29 @ 12:00 PM
VIKINGS
Sunday, Oct 6 @ 3:25 PM
Rams
Sunday, Oct 13 @ 12:00 PM
CARDINALS
Sunday, Oct 20 @ 12:00 PM
TEXANS
Sunday, Oct 27 @ 12:00 PM
Jaguars
Sunday, Nov 3 @ 3:25 PM
LIONS
Sunday, Nov 17 @ 12:00 PM
Bears
Sunday, Nov 24 @ 3:25 PM
49ERS
Thursday, Nov 28 @ 7:20 PM
DOLPHINS
Thursday, Dec 5 @ 7:15 PM
Lions
Sunday, Dec 15 @ 7:20 PM
Seahawks
Monday, Dec 23 @ 7:15 PM
SAINTS
Sunday, Dec 29 @ 12:00 PM
Vikings
Saturday, Jan 4 @ 11:00 PM
BEARS
Recent Topics
9m / Green Bay Packers Talk / bboystyle

3h / Green Bay Packers Talk / Mucky Tundra

7h / Green Bay Packers Talk / Zero2Cool

9h / Green Bay Packers Talk / Zero2Cool

11h / Featured Content / Zero2Cool

13h / Around The NFL / Mucky Tundra

22h / Green Bay Packers Talk / Cheesey

23h / Green Bay Packers Talk / Martha Careful

23h / Green Bay Packers Talk / Martha Careful

23h / Green Bay Packers Talk / Martha Careful

4-Nov / Green Bay Packers Talk / Zero2Cool

4-Nov / Green Bay Packers Talk / beast

2-Nov / Around The NFL / wpr

1-Nov / Green Bay Packers Talk / bboystyle

1-Nov / Around The NFL / beast

Headlines
Copyright © 2006 - 2024 PackersHome.com™. All Rights Reserved.