Packers Set Earnings Records In Wake Of Super Bowl Win, New CBA
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The Packers shattered earnings and revenue records in the year ended March 31. The team reported that revenue hit a record high of $302M, a $19.4M increase, while net income hit $42.7M, up from $17.1M. The 12-month period covered the first season under the new 10-year CBA. Overall expenses fell from $270.5M to $259M, reflecting lower player costs and belt tightening that occurred during last year’s lockout. The $42.7M of net income steamrolled the old record of $25.4M reached in '05. "To me the fact we had guaranteed labor peace and a 10-year agreement probably was as meaningful as anything," said Packers President & CEO Mark Murphy.
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