Packers financials show that NFL made billions

[Prime Time]

https://www.cbssports.com/nfl/news/...billions-despite-national-anthem-controversy/

Packers financials show that NFL made billions despite national anthem controversy
It seems that nothing can slow down the NFL

If you're looking for a job that pays well, you might want to consider being an NFL owner, because the league's 32 teams pulled in some serious money in 2017.

According to financial information released by the Packers on Monday, the NFLdistributed more than $8 billion in national revenue that was split among the league's 32 teams. The $8.1 billion in revenue meant that each team received roughly $255 million from the league. According to Bloomberg, the $8.1 billion was a revenue-record for the NFL and a total that was slightly up from the league's revenue total of $7.8 billion in 2016.

The league was able to hit a record number this year due in large part to the fact that the price for the Thursday Night Football package increased substantially. The bulk of the NFL's national revenue comes from the league's TV deals, but other forms of revenue are also included in the calculations.

Although the national anthem issue seemed to be a never-ending controversy for the NFL in 2017, Packers president Mark Murphy said the issue didn't do anything to hurt the financial health of the league this year, according to ESPN.com.

The Packers annual financial statement is generally the one time each year where outsiders are able to get a closer look at how an NFL team is run from a financial standpoint. Since the Packers are a publicly owned a team, they have to reveal their financial disclosure each year.

Besides getting a $255 million check from the NFL, the Packers also generated $199 million in local income, which is money they don't have to split with other teams. Overall, the Packers had a record $454.9 million in revenue last year. Despite that large number, the team's operating profit was only $34.1 million, according to Bloomberg.

The team won't have any problem putting together a contract for Aaron Rodgersthough, and that's because that Packers have a healthy reserve fund that's worth roughly $380 million, team treasurer Mark McMullen told the Green Bay Press-Gazette.

As for the league itself, Bloomberg estimates that the NFL pulled in an estimated $14 billion in revenue last year. However, it's impossible to know the exact number because the league no longer has to release any financial documents after dropping its tax exempt status in 2015.

 

[kurtfaulk]

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That's because almost all people don't give a flying fuck what the players do during the anthem. This has been media driven drivel.

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[den-the-coach]

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This has been media driven drivel.

.

On both sides, but it's amazing none of the other sports had issues with it.

 

[den-the-coach]

All this money and Rams still can't extend Donald...Just posting this reminds me of the Orlando Pace saga, every year, the Rams Franchised him three times and then finally an extension, hope this scenario is different.

 

[Karate61]

So, this tells me the Rams got enough money to sign Donald!

 

[tklongball]

Well, there is still a salary cap. It has never been a lack of money, it is how to fit his and all the other deals into the cap.

 

[Psycho_X]

On both sides, but it's amazing none of the other sports had issues with it.

The other sports haven't had the leader of the free world inciting the mob over it. And the NFL poking the bear by constantly trying to come up with rules that do nothing but fan the flames. Just giving the media everything they need to make something out of nothing.

 

[OldSchool]

 

[NateDawg122]

The other sports haven't had the leader of the free world inciting the mob over it. And the NFL poking the bear by constantly trying to come up with rules that do nothing but fan the flames. Just giving the media everything they need to make something out of nothing.

This guy gets it.

 

[thirteen28]

That's somewhat deceptive since most of their money comes from TV contracts that were signed well in advance of the anthem controversy. To see how that affected things, you'd have to look at what the networks were able to charge for ads in the wake of declining ratings. If the networks were able to maintain ad rates through the controversy, then it probably didn't have much affect. If they weren't ... well, that might be something when the next round of negotiations come up.

 

[Loyal]

All this money and Rams still can't extend Donald...Just posting this reminds me of the Orlando Pace saga, every year, the Rams Franchised him three times and then finally an extension, hope this scenario is different.

Isn't the salary cap number for each team, independent from team earnings?

 

[Jorgeh0605]

1st - We have a salary cap, which is what keeping us from signing Donald.

2nd - The $34 million in profits wouldn't be enough to sign Donald anyways. If anything, it shows why teams are so tight on their budgets. Those margins are pretty small, making it important not to over inflate player contracts. From this number, it seems impossible for most players to be making "NBA" money like Todd Gurley mentioned recently.

 

[…..]

Net profits of 34 million ...and I bet there are loans out there for the remodel that suck up most of that.

Doesnt seem like a windfall to me at first glance, and I wonder about the Packers structure. It could be they're not set up like a profit machine given that the team is owned by the public. I'm thinking along the lines of a co-op, where the intention is not to grow profit margin, but rather spend the money and continue expanding and improving the product. That said, I think maybe most other teams have a little better return on their billion dollar enterprise.

 

[Merlin]

The $34M profit margin is surprising. I figured they'd be hauling in a lot more. If that's what most teams are pulling in roughly around the league as profit, then I have to think the owners will need to break the union in order to avoid a CBA that puts them in the red.

So for right now, I think the NFL is in for an extremely rough period, because not only is the CBA looming as an issue, but the streaming of games will factor in on top of some of the fan base being tired of all the penalties and game stoppages, not to mention the sideshow nonsense around the anthem. In other words, I would think viewership will continue to decline, and at some point that plus less butts in seats on gameday will eventually begin to cut into their sweetheart TV deals.

 

[LesBaker]

Packers financials show that NFL made billions despite national anthem controversy
It seems that nothing can slow down the NFL

That's because almost all people don't give a flying freak what the players do during the anthem. This has been media driven drivel.

And that isn't the big reason for fans unhappiness............wtf why is it so heard to understand fans are complaining about several things and that's not among the big ones.

Just posting this reminds me of the Orlando Pace saga, every year, the Rams Franchised him three times and then finally an extension, hope this scenario is different.

I hated that and Pace staying away from camp was a mess. He played out of shape early in those seasons and wasn't a true Pro Bowler IMO.

Net profits of 34 million

The $34M profit margin is surprising.

I think that the reason it's only 34MIL is because of loan payments.

 

[den-the-coach]

Isn't the salary cap number for each team, independent from team earnings?

It is, but still pisses me off.

 

[tiger1971]

Net profits of 34 million ...and I bet there are loans out there for the remodel that suck up most of that.

Doesnt seem like a windfall to me at first glance, and I wonder about the Packers structure. It could be they're not set up like a profit machine given that the team is owned by the public. I'm thinking along the lines of a co-op, where the intention is not to grow profit margin, but rather spend the money and continue expanding and improving the product. That said, I think maybe most other teams have a little better return on their billion dollar enterprise.

You read the bit about $380 million reserves yeah?

 

[Ram65]

Overall, the Packers had a record $454.9 million in revenue last year. Despite that large number, the team's operating profit was only $34.1 million, according to Bloomberg.

The team won't have any problem putting together a contract for Aaron Rodgersthough, and that's because that Packers have a healthy reserve fund that's worth roughly $380 million, team treasurer Mark McMullen told the Green Bay Press-Gazette.

Net profits of 34 million ...and I bet there are loans out there for the remodel that suck up most of that.

They have done lots of remodeling over the years. It would be interesting see the books. They aren't hurting. Part of article about team's remodeling.


https://footballstadiumdigest.com/2017/08/nfl-stadium-renovations-ready-for-2017-season/

LAMBEAU FIELD, GREEN BAY

The Packers also added a public space similar to Jacksonville, called Titletown District, a 35-acre commercial, recreational and residential development constructed just to the west of Lambeau Field. It is one of the latest and greatest examples of an NFL stadium catering to far more than just football.

Titletown District has its share of shops and restaurants, a hotel and spa, and even a Sports Medicine and Orthopedics Clinic. But what separates this project from all others that have come before it is its unique 10-acre park and plaza, which as its crown jewel contains the finest in frozen tundra: a 60-foot sledding hill.

“Of all the aspects of the Titletown District, I think the park and plaza is unique,” Packers president Mark Murphy said during a recent media tour. “A private developer would not have as much space devoted to a park and plaza.”

The park, which also has an ice skating pond, promenades, adult game area, playgrounds and NFL-sized football field, is expected to open in September, with the sledding hill and skating pond slated for November, when temperatures better support such winter activities.

“There’s an awful lot going on on this hill.” Ed Policy, Packers vice president and general counsel told the Green Bay Press-Gazette in April. “We are going to have a tube return. We’ll have snow-making machines. We will have ice melt (equipment) on the steps that lead you to the top of the hill.”

The crest of the sledding hill is 45 feet high and 45 feet wide at the top, expanding to 60 feet wide at the base. It will have a 30-degree slope for 150 feet, then level off for another 150 feet. The hill will serve as a picnic area and amphitheater in non-winter months.

Lodge Kohler contains 134 guest rooms and 10 suites, as well as a restaurant on the fifth floor that offers views inside Lambeau Field.

“Normally, you’d put the restaurant on the first floor, but we couldn’t pass up the view,” Christine Loose, group director of lodging for Kohler, told the Gazette. “ We knew that was the right thing to do.”

This article first appeared in the weekly Football Stadium Digest newsletter. Are you a subscriber? It’s free, and you’ll see features like this before they appear on the Web. Go here to subscribe to the Football Stadium Digest newsletter.

 

[yrba1]

Having players participate in the national anthem rather than staying in the locker room during that was a huge mistake.

 

[…..]

You read the bit about $380 million reserves yeah?

Given that net revenue was $454 million and profits were $34 million, one could do the easy math a say it takes 420 million a year to run the team. That said, it would be irresponsible to NOT have reserves available in the amount reported.