SBD/May 30, 2013/Leagues and Governing Bodies

Money Received By NFLPA From EA In Most Recent 12-Month Period Down Drastically

The NFLPA received $2.155M from video game maker Electronic Arts in the 12-month period ended Feb. 28, 2013, well below the more than $30M annually the union had previously taken in. The disclosure is contained in the NFLPA’s annual report, filed yesterday with the U.S. Department of Labor. Between '07-11, EA paid an average of $32.3M to the union, according to previously filed NFLPA annual reports, known as LM-2s. In the period around the '11 NFL lockout -- March 1-11, 2011, and July 26, 2011-Feb. 29, 2012 -- the NFLPA received $569,000 from EA. The NFLPA did not have to disclose figures for the period it was not a union. This year’s filing -- representing the first complete filing year since the lockout -- shows the money from EA compared to those earlier years also down dramatically. EA declined comment; the NFLPA could not immediately be reached for comment. EA long had been the union’s top commercial licensee. It is possible EA might have front-loaded some of its payments to the NFLPA during and before the lockout. The decline additionally appears to have had an effect on the overall commercial revenue flowing into the union. In the NFLPA’s LM-2, commercial income largely encompasses “other receipts,” which was $105M in the most recent 12-month period. Of that, $44M came from NFL Ventures. In the last full-year filing period (for the 12 months ended Feb. 28, 2011), “other receipts” was $129M. The year before it was $119M, and the year before that $137M. The LM-2 uses cash and not accrual accounting. That means it only reflects cash that came in. So if EA (or any company) made a large payment, for example, one day past the end of the LM-2 12-month period, it would get reflected next year.
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