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Tax Returns Show NFLPA Paid $44M For Lockout Insurance
Published April 3, 2012
BORNSTEIN LEADS WAY FOR LEAGUE: NFL Network President & CEO Steve Bornstein was for the second year in a row the highest-paid exec in the NFL, according to the league’s tax return, which the NFL filed in recent days. Bornstein earned $12.2M in the year ended March 31, 2011, while Commissioner Roger Goodell earned $11.55M, according to the tax return. The tax return does not reflect the new contract Goodell signed late last year that by the end of this decade should about double his current pay. Goodell’s pay though is a jump from the $9.89M he earned the year before. Bornstein earned $12.65M that year. Former Commissioner Paul Tagliabue took in $8.6M in the year ended March 31, 2011, but all but $1M of it was in deferred pay and retirement benefits. NFL Exec VP/Labor & General Counsel Jeff Pash, the league’s lead labor negotiator during the lockout, earned $6.3M. Total NFL league office compensation rose to $80.4M from $75.8M, a 6% rise. The IRS allowed the NFL to file its tax return six weeks later than usual because of problems with the agency’s electronic tax filing system. The NFL league office is structured as a non-profit, and so it is required to make its tax return public upon request. However, the 32 teams are separate, for-profit entities and so do not have to publicly disclose their tax returns. The NFL league office showed revenues of $184.3M, largely from assessments on teams and expenses of $236.5M. Several large financings are run through the league, so it often books a large loss. The return shows a $57.3M interest expense, plus another $34.3M for what is listed as club related financing.