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Cobb and Nelson wont come cheap
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<blockquote data-quote="TJV" data-source="post: 541248" data-attributes="member: 4300"><p>While it’s true a lot of teams in the NFL carry debt and some owners use their teams as a source of revenue (the heirs of George Halas who own the Bears do), but to think the Packers have an advantage over Paul Allen’s team because if they get permission from the league to sell stock it’s “free money” doesn’t make any sense. The proceeds from the last stock offering were about $67M. That’s great, don’t get me wrong but that’s not even one-half of one percent of Paul Allen’s net worth. That’s a rounding error for Allen. And yes, he can get his hands on 100s of millions of dollars. And while your average billionaire may not have $100M liquid, they can get their hands on that kind of money because of their net worth.</p><p></p><p>And Jerry Jones has a lot of debt but Forbes lists his debt to value ratio at 12%. They say the Cowboys are worth $2.3B so 12% of that is $276M. But Jerry’s team generated $539M in revenue in 2012. By contrast, the Packers generated $302M. That’s a significant difference season after season.</p><p></p><p>The new CBA helped the Packers (and the other teams) a lot. But read some of Murphy’s comments before they got that deal. In a 2010 article he’s quoted as saying player costs were outpacing revenue by a 2 to 1 rate and that the Packers’ local revenues were flat since 2007 and “because the salary cap and floor were determined by total revenues, shared and unshared, the small-market Packers are experiencing the pinch of other teams’ revenues driving up every team’s player costs.” Murphy called it a “non-sustainable model”. <a href="http://profootballtalk.nbcsports.com/2010/07/14/packers-financials-raise-specter-of-unshared-revenues/" target="_blank">http://profootballtalk.nbcsports.com/2010/07/14/packers-financials-raise-specter-of-unshared-revenues/</a> That’s why the Packers are trying to maximize revenue they don’t have to share with other teams. That’s why they expanded Lambeau and are going to expand the pro shop. That’s also behind the land purchases around Lambeau. They’re in good shape now, but over time, the rich get richer and that goes for the NFL too, particularly teams in big markets. If the owners of other teams get in financial trouble, the team can be sold and will experience an infusion of new money. That’s not the case with the Packers. The Packers can’t afford to miss on free agents the way Snyder did, they have to be more careful.</p></blockquote><p></p>
[QUOTE="TJV, post: 541248, member: 4300"] While it’s true a lot of teams in the NFL carry debt and some owners use their teams as a source of revenue (the heirs of George Halas who own the Bears do), but to think the Packers have an advantage over Paul Allen’s team because if they get permission from the league to sell stock it’s “free money” doesn’t make any sense. The proceeds from the last stock offering were about $67M. That’s great, don’t get me wrong but that’s not even one-half of one percent of Paul Allen’s net worth. That’s a rounding error for Allen. And yes, he can get his hands on 100s of millions of dollars. And while your average billionaire may not have $100M liquid, they can get their hands on that kind of money because of their net worth. And Jerry Jones has a lot of debt but Forbes lists his debt to value ratio at 12%. They say the Cowboys are worth $2.3B so 12% of that is $276M. But Jerry’s team generated $539M in revenue in 2012. By contrast, the Packers generated $302M. That’s a significant difference season after season. The new CBA helped the Packers (and the other teams) a lot. But read some of Murphy’s comments before they got that deal. In a 2010 article he’s quoted as saying player costs were outpacing revenue by a 2 to 1 rate and that the Packers’ local revenues were flat since 2007 and “because the salary cap and floor were determined by total revenues, shared and unshared, the small-market Packers are experiencing the pinch of other teams’ revenues driving up every team’s player costs.” Murphy called it a “non-sustainable model”. [url]http://profootballtalk.nbcsports.com/2010/07/14/packers-financials-raise-specter-of-unshared-revenues/[/url] That’s why the Packers are trying to maximize revenue they don’t have to share with other teams. That’s why they expanded Lambeau and are going to expand the pro shop. That’s also behind the land purchases around Lambeau. They’re in good shape now, but over time, the rich get richer and that goes for the NFL too, particularly teams in big markets. If the owners of other teams get in financial trouble, the team can be sold and will experience an infusion of new money. That’s not the case with the Packers. The Packers can’t afford to miss on free agents the way Snyder did, they have to be more careful. [/QUOTE]
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Prior to Training Camp - Predicting the 53 Man Roster
