IS the NFL losing money...Jerry Richardson's 200M shortfall pie chart
Posted 05 January 2011 - 05:31 PM
Do you really classify players as employees?
They are paid to perform a service, in this case, playing football. They are employees.
Posted 05 January 2011 - 05:42 PM
I need to go back and watch that part again. But nobody seems to buy the idea that the NFL is losing money
I know that Forbes may not have full audit reports but they capture the major stuff.
According to this the League had net pre-tax income in the hundreds of millions.
Here is some more math from the link below. The current TV deal works out to around $149M per team per year. The maximum salary per team (before this year) was $128M. Just on tv rights alone the teams have $21M each to cover operating expenses and we haven't even counted all the other revenue streams.
So i am wondering if Jerry is being honest with his pie chart? something doesn't add up
Bottom line, screw pie charts. the Billionares are not going to keep overpaying the spoiled brat millionares.
Now here is what the Union needs to understand, it isn't the owners jobs to keep x player in his 12 houses, 18 cars, 200k per month expense account, all his hundreds of thousands in bling etc. Those days are going to come to a screeching halt come March.
Now can players still become millionares? Hell yeah. Well they still be paid better than any Job they can get with that college degree they 'earn' in school? Hell yeah! But bottom line, The owners are employers, players are employees and the high salarys are going to get cut.
'But the owners make so much profit'. Yeah and? I don't see MCSE's telling Billy Gates what he has to pay them. As for as the game goes, you could get rid of ALL the current players, and replace them over the next 3 years with draft picks and CFL guys and you won't know the difference 3 years from now the difference in the quality of the game.
Posted 05 January 2011 - 05:46 PM
If he's in fact operating at less than 10% margin, experiencing negative cashflow, and having to face the player union's legal sharks on a regular basis, then no wonder he seemed irritable at the press conference. He's a bump-in-the-road from real financial problems playing it that close. No wonder he's being Mr. Hardball right now.