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Audit Shows NFL Owners Using Misleading Revenue Figures


Business  (tags: NFL, business, corporate, cover-up, abuse, dishonesty )

Carrie
- 2452 days ago - blog.aflcio.org
It turns out that the National Football League has been using misleading and incomplete financial information to convince team owners that NFL players are getting paid too much.



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Comments

Carrie B (306)
Friday March 25, 2011, 12:18 pm
"It turns out that the National Football League has been using misleading and incomplete financial information to convince team owners that NFL players are getting paid too much. Throughout contract talks with the NFL Players Association (NFLPA), the league and the owners kept saying the players received 70 percent of new revenues in salaries.

But now, Howard Fendrich, the Associated Press’ pro football writer, reveals that the players’ actual share was only about 53 percent from 2006 to 2009, according to calculations by the accounting firm that audited the collective bargaining agreement for both sides. Read Fendrich’s article here.


Fendrich reports the owners use an accounting sleight of hand to come up with that 70 percent figure. Before they even start counting where the money goes, they take $1 billion off the top for things such as stadium improvements or the NFL Network. In other words, the owners put $1 billion in their pockets before they give the players a penny and then ask the players to give back another $1 billion in pay cuts.

According to a 2010 audit by PricewaterhouseCoopers, about $3.8 billion of the $7.2 billion in new revenue from 2006 to 2009, or 52.9 percent went toward players’ salaries and benefits.

“The NFL wants to artificially inflate the percentage of incremental revenue going to players by excluding revenues that never go to players,” NFLPA spokesman George Atallah told AP.

League officials…have been selling a lockout to owners based on misleading and incomplete financial information. They excluded the cost credits to be able to tell owners that player costs are rising faster than all revenues. This is not true.

Owners locked out the players on March 12, creating the NFL’s first work stoppage since 1987. That came hours after the NFLPA renounced its status as a union, allowing players to file a class-action antitrust lawsuit in federal court."
 

Past Member (0)
Friday March 25, 2011, 2:17 pm
Well, tell that to Jerry Jones! Bawhahahaha!
 

Past Member (0)
Friday March 25, 2011, 3:19 pm
OMG!!! The NFL wouldn't do that. They wouldn't try to screw the players just to make an extra buck for themselves. My world is crashing cround me!
 

Dotti L (85)
Friday March 25, 2011, 4:15 pm
Me too, Barry !!
 

Dsfefseffe D. (0)
Friday March 25, 2011, 7:05 pm




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KS Goh (0)
Saturday March 26, 2011, 2:46 am
Thanks for the article.
 

KS Goh (0)
Saturday March 26, 2011, 2:47 am
Thanks for the article.
 

William Y (54)
Saturday March 26, 2011, 6:54 am
So what else is new? Has any big corporation in the country done anything financially responsible in the past 30 years?
 

JennyLynn W (246)
Monday March 28, 2011, 3:52 pm
All the other articles I have read about this issue have clearly stated that the $1B off the top was always part of the CBA (collective bargaining agreement) because owners have other expenses besides player salaries. They pay for stadiums (at least part, sometimes most) and for coaches and for team expenses too. After that $1B, they have agreed to pay the players a certain percentage of the remainder.
Because this was written into the CBA as I understand it and have read about it, it seems disingenuous for the players to complain about their percentage or to claim that the NFL was hiding something written right into the agreement they signed on to for those years.
I love football, and love NFL football. The players make more than enough for playing a child's game. They don't really contribute much to our society and some are horrifically bad role models for those they make their money off of. We're in a recession, and they are yelling for more money on top of millions.
The owners are taking a much bigger risk on the players than the players take on the owners. Have you ever heard of an owner going to prison for murder, for felony narcotic sales, for dog fighting and dog torture? Sure there are more players than owners, thus increasing the odds. And there are great guys like Payton and Eli Manning, Donovan McNabb, Drew Brees, and others. Still, each team has one starting QB and (usually, except for Green Bay) one owner. How many owners are convicted felons and missed several seasons for felony dog fighting convictions?
I don't have much sympathy for either side in this one, but I have less for the players in this instance.
 

Barbara Erdman (63)
Tuesday March 29, 2011, 5:36 pm
noted and thanx for article Carrie
 

Carrie B (306)
Tuesday March 29, 2011, 5:59 pm
We all know NFL players and owners make way too much money. The owners want even MORE money even though the players are the ones who while playing a so called child's sport, are risking life and limb. Of course, that is their choice, but remember where most of these players come from and what they do with their earnings. Of course, many are frivolous and not good role models, but many are helping their families out of poverty, doing community work, and are excellent role models. The real point here is who do you want to win this argument? The owners (corporations), who pad their pockets and charge outrageous ticket and merchandise prices, or the players who most often are helping themselves, their family, and community? The players are also doing something love to do (can you say that about your job), but also risking debilitating injuries or death. I love football and I love "my" Denver Broncos. The players are worth fighting for! Go NFL players!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

Alexandra Rodda (180)
Sunday April 3, 2011, 2:27 am
I wonder who will win this tug of war? Will it be the corporations or the players?
Will there be a follow up?
 
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