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GREEN BAY, Wisconsin – Green Bay Packers' profit has dropped nearly 50% over the past fiscal year, with the team having missed the playoffs for the first time in ten years.
President and CEO Mark Murphy said the outlook for the Packers remains strong as the only NFL public team released its 2018 financial statements on Monday. The Packers announced operating profit of $ 34.1 million, a sharp decline from $ 65.4 million a year earlier. Expenditures jumped 11.9% from $ 376.1 million to $ 420.9 million, a byproduct of player salaries, coaching changes and travel expenses. Revenues increased by only 3.1%, from $ 441.4 million to $ 454.9 million.
"The NFL continues to be very popular nationally," Murphy said. "We've talked a lot about ratings that have gone down, but, really, compared to overall scores, the league is still very strong, and the interest and support of the fans remains strong for the league and for us. and stable allowed us to invest in the team through contracts for players and coaches, our facility, the stadium, the fan experience and the community, and ensure that the franchise remains solid for the future.
Revenues from domestic sources increased by 4.9%, as a result of integrated increases in national television broadcasts. Local income increased by 0.8%. A record of 7-9 – the team's first losing season since 2008 – detracted from the final result.
"It's the first year since 2008 that we were not in the playoffs, and I think that has had an impact on us," Murphy said. "We did not have a home game and some of our visit numbers were a bit low, and we do not see that as a negative trend."
The Packers made several big changes during the offseason. Murphy has chosen Brian Gutekunst to replace longtime general manager Ted Thompson, and coach Mike McCarthy has replaced defensive coordinator Dom Capers with Mike Pettine and offensive coordinator Edgar Bennett with Joe Philbin.
In addition, quarterback Aaron Rodgers will be back after missing half of last season with a clavicle fracture. Mr Murphy said he was feeling renewed enthusiasm on the part of the fans, as the team started its 100th season with the start of the training camp on July 26th.
"Certainly, having Aaron in good health is a part of that, but I think some of the changes we've made to the coaching staff as well as the draft and the players we've added, I think people are excited for the season. " Murphy said. "You add in addition to that the 100 seasons, he should, knock on the wood, be a good year."
WATCH RODGERS
Rodgers, who is under contract through the 2019 season, told NBC Sports this weekend that there was "some merit" in developing a "non-traditional contract agreement". Murphy did not want to go into details but he said: an important player. He wants to be here and wants him to be here. When both parties have a common interest, you do business. "
PROGRESS OF THE PLAYER
In May, league owners agreed on a policy that requires players to stand up when they are on the ground for the national anthem, but allows them to stay in the Cloakroom if they prefer it. The NFL Players' Association filed a grievance against the league last week for imposing a policy "inconsistent" with the collective agreement and "violating" the rights of the players. Murphy said that he was hoping for a resolution.
"I had a lot of conversations with our players," he said. "We really want to focus on the underlying issues and we realize that our players are patriotic, that they do not respect the flag, that they do not respect the country. the underlying problems of racial discrimination, police brutality We had discussions with players about the possibility of devoting resources to some of the causes. "
NEXT CBA
million. Murphy said that he also hoped that the ABC, which will expire after the 2020 season, could be extended. He said the NFL has not guaranteed money seen in NBA contracts, although "in the last 10 years, a higher percentage of players' money is guaranteed."
"For me, the best thing about our collective agreement is that the pay of recruits is under control. We have a system in place that I think works well. More of the money goes to veterans, who deserve it and deserve it. There were periods under the old agreement that the highest paid players in the league were rookies at their positions, which was crazy. "
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