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Green Bay Packers Fan Forum
The trio of Gute, MLF and Russ Ball all get contract extensions...
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<blockquote data-quote="El Guapo" data-source="post: 964876" data-attributes="member: 5830"><p>I don't think any of these teams are generally operating with deficits. Covid was the biggest hit to league financials and it was easily weathered by all teams. One year of negative profits compared to decades of profit? A "deep pocket" owner really means nothing here. Jerry Jones is not reaching into his pocket to pay coaches. If anything, he is pinching pennies in order to put more money into his pocket. The Packers don't have that "problem" and therefore should feel free to spend on the best coaches as it is deserved. They have an awfully big cushion to absorb hits.</p><p></p><p>I don't know if any of you read the Packers annual report that I linked, but their balance sheet shows over $500 million in cash & investments on $1.2 Billion in assets. The Packers are probably more financially sound than any other team, including the owners with "deep pockets." I doubt any of those owners have $500M sitting around in cash ready to plug holes as needed. Many of them are leveraged, money is tied up in real estate, etc.</p></blockquote><p></p>
[QUOTE="El Guapo, post: 964876, member: 5830"] I don't think any of these teams are generally operating with deficits. Covid was the biggest hit to league financials and it was easily weathered by all teams. One year of negative profits compared to decades of profit? A "deep pocket" owner really means nothing here. Jerry Jones is not reaching into his pocket to pay coaches. If anything, he is pinching pennies in order to put more money into his pocket. The Packers don't have that "problem" and therefore should feel free to spend on the best coaches as it is deserved. They have an awfully big cushion to absorb hits. I don't know if any of you read the Packers annual report that I linked, but their balance sheet shows over $500 million in cash & investments on $1.2 Billion in assets. The Packers are probably more financially sound than any other team, including the owners with "deep pockets." I doubt any of those owners have $500M sitting around in cash ready to plug holes as needed. Many of them are leveraged, money is tied up in real estate, etc. [/QUOTE]
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The trio of Gute, MLF and Russ Ball all get contract extensions...
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