Packer profits dropped 98% due to large contracts, changes in coaching staff, and more | Bleacher's report

According to the team's president, Mark Murphy,Packers in Green Bay had a "unique year" in financial terms.

"We had irregular expenses that affected our financial performance, but we are still in a strong financial position," Murphy told Mike Spofford about the team's official website.

Green Bay earnings increased from $ 34 million to $ 724,000 last year, down 98%, but several factors played out.

According to Spofford, "Significant player contracts, coaching staff redesign and team obligations to the concussion liability pool, which funds the legal settlement used by former players ", increased Green Bay's total expenses to $ 477.2 million, or $ 56.4 million increase. About $ 30 million of this increase is due to player investments and a $ 10 million increase in the salary cap.

Last August, Green Bay sign quarterback Aaron Rodgers to an extension of $ 134 million over four years that could reach $ 180 million. In March, the Packers notably hired linebacker Za Darius Smith to a contract four-year contract worth $ 66 million. Linebacker Preston Smith (four years, $ 52 million), Adrian Amos (four years, $ 36 million) and offensive lineman Billy Turner (four years, $ 28 million) have also made other notable additions .

The Packers also led a tumultuous campaign in which Mike McCarthy was fired in December. McCarthy was the head coach since 2006. The team finished 6-9-1 and missed the playoffs for the second year in a row. Green Bay hired Matt LeFleur will be his new coach in January.

Although it was an unusual year, Murphy made it clear that the organization – which is the only organization in the NFL public franchise with shareholders instead of one owner or multiple partners …is in a good position.

"If you excluded the coaching transition as well as the settlement clause, our operating profit would have been comparable to that of previous years," he said. "We continue to have all the resources necessary to support football and the decisions to be taken to be competitive."