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Packers Set To Issue First Earnings Report Under NFL's New CBA
Published July 10, 2012
The Packers this afternoon will report their earnings to the media, marking the first report that covers the new CBA. The Packers are the only NFL team that reports publicly, so their annual earnings report offers the only glimpse into the internal financials of the league's teams. The club last year reported operating profit of $12M in the year ended March 31, 2011. While the new CBA swung revenues greatly to the teams, several factors could serve to prevent a spike in profits.
The period covers the lockout, and in year one of the CBA a large percentage of rookie pay was paid in bonuses. While that does not affect revenues, in year one it could put a lid on profits. Because rookie pay was greatly reduced in the CBA, agents insisted on much of it being paid as bonuses. The year-ago period also was the Packers’ Super Bowl season, though teams often cash in on that success the following fiscal year.
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The period covers the lockout, and in year one of the CBA a large percentage of rookie pay was paid in bonuses. While that does not affect revenues, in year one it could put a lid on profits. Because rookie pay was greatly reduced in the CBA, agents insisted on much of it being paid as bonuses. The year-ago period also was the Packers’ Super Bowl season, though teams often cash in on that success the following fiscal year.
