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SBD/Issue 57/Leagues & Governing Bodies
NFLPA Offers To Reduce NFL Salary Cap To Aid Stadium Efforts
Published December 4, 2006
The NFLPA “has offered to reduce the league’s salary cap by $800[M] over the first
15 years” of a new Giants-Jets stadium “in a move that could finally lead to the
go-ahead” for the facility, according to Kaplan & Mullen of SPORTSBUSINESS JOURNAL.
The union “is willing to make the move because the new stadium is projected to
generate so much revenue that the cap would increase on average $2[M] annually,
or $960[M] total across the league over 15 years even after the reduction.” NFLPA
Exec Dir Gene Upshaw: “We have to build a stadium in New York, there is no doubt
about it. We are willing to do our part” (SBJ,
12/4 issue).
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