Packers Set Earnings Records In Wake Of Super Bowl Win, New CBA
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.