Schefter: Revenue loss could potentially lead to lower salary cap

[Mr. Scot]

Just now, LinvilleGorge said:

Wealthy people don't "take it on the chin" during economic downturns. They seek to greatly benefit by snatching up assets at deep discounts. Every economic downturn ultimately leads to further concentration of wealth.

One of the things that frequently comes up in these discussions is that "billionaire logic" isn't the same as "average people logic".

[45catfan]

3 minutes ago, Billy Love said:

This is the better option. But why not just take the immediate loss on the chin. Be satisfied with and draw from the BILLION$ you’ve made in previous years. Continue to grow the NFL to insure future sustainable success with satisfied players and fans.

True take the loss and move on just like normal companies are having to deal with. If the League is set on recouping some money however, freezing the cap is the next best thing.  I just can't see players allowing the NFL to essentially take guaranteed money out of their pockets.  Not happening.

[Billy Love]

3 minutes ago, LinvilleGorge said:

Wealthy people don't "take it on the chin" during economic downturns. They seek to greatly benefit by snatching up assets at deep discounts. Every economic downturn ultimately leads to further concentration of wealth.

I fully understand that. However, that doesn’t mean it’s a smart Long term business move. Could easily bite them in the ass and cost them even more. 

[LinvilleGorge]

3 minutes ago, Mr. Scot said:

One of the things that frequently comes up in these discussions is that "billionaire logic" isn't the same as "average people logic".

When you have enough money that economic downturns don't impact your ability to fund your lifestyle, they're not "economic downturns". They're MAJOR opportunities.

[Mr. Scot]

1 minute ago, 45catfan said:

True take the loss and move on just like normal companies are having to deal with. If the League is set on recouping some money however, freezing the cap is the next best thing.  I just can't see players allowing the NFL to essentially take guaranteed money out of their pockets.  Not happening.

That's where the provisions of the CBA come in.

If the CBA that they collectively ratified allows for this, they may not have much choice.

[thefuzz]

As always when dealing with money...what does the contract say?

If there are provisions for this sort of thing, and I'd be shocked if they aren't there for the teams, then those guys better not have spent all that money yet...

[jtm]

I can tell you it will be a very very bad look for players to refuse to play or have any type of salary dispute play out in the public.  Lots of folks are hurting now and hearing a bunch of millionaires whine is not going to go over well.  

[LinvilleGorge]

1 minute ago, jtm said:

I can tell you it will be a very very bad look for players to refuse to play or have any type of salary dispute play out in the public.  Lots of folks are hurting now and hearing a bunch of millionaires whine is not going to go over well.  

But hearing billionaires whine will go over much better?

[Moo Daeng]

They aren't going to seize money already paid. They will cut players and get under via the salaries if they don't change the rules.

[jtm]

2 minutes ago, LinvilleGorge said:

But hearing billionaires whine will go over much better?

No, I think it will be just as bad to hear billionaires whine about their revenue.  

[1of10Charnatives]

1 hour ago, Billy Love said:

Me getting laid by Jennifer Lopez is possible but not probable. Same with lowering NFL player contracts across the board. Owners would face player work stoppage, then everybody loses.

I'm all for star athletes getting to make as much as the market will bear. They have rare and valuable talents that they have honed through hard work and diligence. Having said that, pro athletes refusing to work under still extremely lucrative deals that are valid under existing provisions of the current CBA designed to allow for just such an extreme and unusual circumstance as we find ourselves in, when millions upon millions are out of work with no income whatsoever due to those circumstances would not be a good look for players.

[Anybodyhome]

The NFL's current TV contract doesn't expire until 2022. That contract accounts for about 50% of the NFL's revenue stream. Unless that contract were suddenly null and voided due to exigent circumstances, the numbers simply don't support a cap reduction. 

[1of10Charnatives]

9 minutes ago, LinvilleGorge said:

But hearing billionaires whine will go over much better?

I'm typically as anti billionaire as the next guy, and NFL owners as a group get no particular love from me, but if there are provisions in the current CBA that the NFLPA agreed to, then billionaires deserve to have their freely negotiated contracts upheld as much as the next person. the NFLPA can hardly be regarded as a naive individual or uninformed group that was taken advantage of by the owners. These are wealthy professionals with extensive and expensive legal representation and expert advisors.

 

[Billy Love]

3 minutes ago, 1of10Charnatives said:

I'm typically as anti billionaire as the next guy, and NFL owners as a group get no particular love from me, but if there are provisions in the current CBA that the NFLPA agreed to, then billionaires deserve to have their freely negotiated contracts upheld as much as the next person. the NFLPA can hardly be regarded as a naive individual or uninformed group that was taken advantage of by the owners. These are wealthy professionals with extensive and expensive legal representation and expert advisors.

 

Just because you can, doesn’t mean you should. It would be a bad decision for everyone involved if the NFL owners make this move.