Packers' Net Profit: $5.2 Million· Page 2

shield4life
Veteran Member

14 years ago

After everyone takes there share of money, there is 5.2 net profitable.

A lot of people are making so much money in the organization including the shareholders even the owners are on one.

It's all a business plot to hide some $$$ to avoid major taxes.

Glad To Be A Packers Fan.

tonyagnese
Registered

14 years ago

#12

Packers are in a unique position in the fact that they have a GLOBAL franchise, w/ a unique history and fans w/ a vested interest in the franchise. That makes the Packer far more profitable than most teams in terms of local revenue!

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PackerTraxx
Senior Member

14 years ago

#13

I believe winning is likely the most important factor in determining revenue.

According to the article, player costs are going up twice as fast as revenue. Player cost is 2/3 of the expenses. I think that would qualify as a major concern.

"Rockmolder" wrote:

Take in mind that this is in one year in an economic crisis, though.

Over the last 10 years, revenue has gone up way more than the player's salaries.

Over the last 3 years, though, since the new CBA has been signed, player salaries have been rising faster than revenue.

That's where both sides get stuck on this one, I think.

"PackerTraxx" wrote:

Good point. However, I would think the last 3 years would weigh quite heavily because of today's business climate. Also if I remember correctly the networks don't want to pay as much for TV rights as in the past. In addition , if I understand correctly the players "pot" is linked to the revenue by a percentage. How can they expect to keep getting a higher percentage? If one wants to do that you should take the good with the bad.

Why is Jerry Kramer not in the Hall of Fame?

Porforis
Veteran Member

14 years ago

#14

I think I understand why the Owners want a new deal. I also agree that if they are going to use lack of profit as their basis for their argument, they need to open their books to the NFLPA to prove their argument.

As of now, the Owners are whining about lack of profit, but won't show the numbers to prove their argument.

"Zero2Cool" wrote:

Do privately-owned teams need to publicly release this information? The Packers need to release this information to shareholders legally. Do other teams HAVE to?

PackerTraxx
Senior Member

14 years ago

#15

No, the other teams do not have to release this info. That's why all eyes are on the Packers.

Why is Jerry Kramer not in the Hall of Fame?

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Zero2Cool (16-Apr) : sounds like Packers don't get good compensation, Jaire staying

dfosterf (16-Apr) : Nobody coming up with a keep, but at x amount

dfosterf (16-Apr) : Trade, cut or keep

dfosterf (16-Apr) : that from Jaire

dfosterf (16-Apr) : My guess is the Packers floated the concept of a reworked contract via his agent and agent got a f'

Zero2Cool (16-Apr) : Yes, and that is why I think Rob worded it how he did. Rather than say "agent"

dfosterf (16-Apr) : Same laws apply. Agent must present such an offer to Jaire. Cannot accept or reject without presenting it

Zero2Cool (16-Apr) : I'm thinking that is why Rob worded it how he did.

dfosterf (16-Apr) : The Packers can certainly still make the offer to the agent

dfosterf (16-Apr) : Laws of agency and definition of fiduciary responsibility

dfosterf (16-Apr) : Jaire is open to a reduced contract without Jaire's permission

dfosterf (16-Apr) : The agent would arguably violate the law if he were to tell the Packers

Zero2Cool (16-Apr) : That someone ... likely the agent.

Zero2Cool (16-Apr) : So, Jaire has not been offered nor rejected a pay reduction, but someone says he'd decline.

Zero2Cool (16-Apr) : Demovksy says t was direct communication with someone familiar with Jaire’s line of thinking at that moment.

Zero2Cool (16-Apr) : Demovsky just replied to me a bit ago. Jaire hasn't said it.

dfosterf (16-Apr) : Of course, that depends on the definition of "we"

dfosterf (16-Apr) : We have been told that they haven't because he wouldn't accept it. I submit we don't know that

dfosterf (16-Apr) : What is the downside in making a calculated reduced offer to Jaire?

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