2014 DRAFT GUIDE
Packers enjoy another record financial year

By TODD RICHMOND - Associated Press
    2013-07-16 16:51

MADISON, Wis. (AP) - The Green Bay Packers released details of another banner year financially on Tuesday, crediting another winning season, revenue-sharing across the NFL and shrinking player costs.

Team President and CEO Mark Murphy told reporters the Packers generated a record $308.1 million in revenue, up 2 percent from 2012's record $302 million.

``Another strong year on the field,'' Murphy said. ``Fourth year in a row to be in the playoffs, won two straight NFC North (Division) championships. That helps our finances.''

The team made a record $54.3 million in profits, up 26.4 percent from the previous year's record $43 million. It also set a record in net income at $43.1 million, up 1 percent from $42.7 million. Expenses shrank by 2 percent, from $259 million to just shy of $254 million in 2013.

As the NFL's only publicly owned franchise, the Packers are the only league team required to reveal detailed financial data.

Murphy keyed on the Packers' on-field success as a major money maker. The team finished 11-5 last season, won the division title and defeated the Minnesota Vikings in a home playoff game before losing to the San Francisco 49ers on the road. Last year, the team went 15-1 in the regular season before losing to the New York Giants in the playoffs. The year before that, Green Bay won the Super Bowl.

The team said so-called local revenue, which includes money from home gates, local media deals, Pro Shop sales and Lambeau Field tours, dipped 1.7 percent in 2013. But Murphy noted the 2012 figures were unusually high, including a 9.3 percent jump in local revenue driven largely by the team's 15-1 run and the Super Bowl afterglow.

``We're still well above what we'd consider normal or expected revenue in pro shop sales, (stadium) tours and Hall of Fame visits,'' Murphy said. ``It's just really down from all-time highs.''

Murphy also cited a nearly 5 percent increase in national revenue, which includes revenue sources divided among all NFL teams, such as broadcast deals and road receipts. Murphy said a new league uniform deal with Nike, and Time Warner and Cablevision adding the NFL Network, helped bolster those figures.

The Packers spent $136 million on player costs, down from $155 million in 2012, Murphy said. Lucrative contract extensions that quarterback Aaron Rodgers and linebacker Clay Mathews signed in mid-April - Rodgers added five more years to his current deal for a reported $110 million and Matthews reportedly added five more to his contract for $66 million - weren't completed in time to be included in the team's 2013 figures; the team's fiscal year runs from March 31 to April 1.

Murphy said the team plans to continue investing in its facilities, including wrapping up a 7,000-seat addition at Lambeau in time for the upcoming season and renovating the stadium's atrium to include a new pro shop, Hall of Fame and restaurant by June 2015. The two projects are expected to cost a combined $286.5 million.

Fantasy Football Player Notes RSS FeedPLAYER NOTES

Tom BradyJan 22 10:12a

New England Patriots QB Tom Brady is now scheduled to speak to the media Thursday, Jan. 22, and he could come under fire due to the report of deflated [ More ]

Vontaze BurfictJan 21 09:03p

Cincinnati Bengals LB Vontaze Burfict (knee) has had knee surgery, head coach Marvin Lewis confirmed Wednesday, Jan. 21. While there has been concern Burfict might have to begin the [ More ]

Mike WallaceJan 21 09:03p

Miami Dolphins WR Mike Wallace's future with the team is unclear. General manager Dennis Hickey would not say Wednesday, Jan. 21, whether Wallace will be back or if his [ More ]

Johnny ManzielJan 21 04:43p

Cleveland Browns QB Johnny Manziel could benefit from new offensive coordinator John DeFilippo, according to Oakland Raiders QB Derek Carr. Carr said DeFilippo will do great with Manziel, adding [ More ]

Richard ShermanJan 21 04:23p

Seattle Seahawks CB Richard Sherman (elbow) said he will practice in a brace, but should not have any limitations on gameday.

Marc TrestmanJan 21 03:53p

Baltimore Ravens offensive coordinator Marc Trestman said he wants to learn the specificities of the team's offense instead of changing it. Head coach John Harbaugh said Trestman's familiarity and [ More ]

Blake BortlesJan 21 03:43p

Jacksonville Jaguars QB Blake Bortles should be able to develop under new offensive coordinator Greg Olson, according to general manager Dave Caldwell. Caldwell said Olson has the ability to [ More ]

Blake BortlesJan 21 03:13p

Jacksonville Jaguars QB Blake Bortles developed bad habits and may need to start over, in the opinion of NFL Films guru Greg Cosell.

Latavius MurrayJan 21 12:53p

Oakland Raiders RB Latavius Murray is likely to be the team's lead back in 2015, and new offensive coordinator Bill Musgrave plans tailor his system to Murray's talents. Musgrave [ More ]

Peyton ManningJan 21 11:03a

Denver Broncos QB Peyton Manning plans to return in 2015, pending the results of his annual physical, according to three sources The Denver Post's Woody Paige trusts. The test [ More ]

Rashad JenningsJan 21 10:23a

New York Giants RB Rashad Jennings could have a veteran running back to complement or compete with him next season. The team could possibly add a change-of-pace back and [ More ]

Trent RichardsonJan 21 09:13a

Indianapolis Colts RB Trent Richardson was suspended and deactivated for the AFC Championship Game Sunday, Jan. 18.

Joique BellJan 20 11:23p

Detroit Lions RB Joique Bell had minor surgery last week to clean up his knee and Achilles' tendon. He is expected to return in time for organized offseason workouts.

Doug MarroneJan 20 05:33p

Jacksonville Jaguars head coach Gus Bradley said the team is committed to remaining a zone-blocking team. However, new assistant coach and offensive line coach Doug Marrone didn't use a [ More ]

Peyton ManningJan 20 05:13p

Denver Broncos QB Peyton Manning remains unsure of his future with the team, but head coach Gary Kubiak said he plans to sit down with Manning and talk about [ More ]

Tyler BrayJan 20 04:23p

Kansas City Chiefs QB Tyler Bray (knee) has a torn anterior cruciate ligament in his left knee.

Marc TrestmanJan 20 03:43p

Free-agent head coach Marc Trestman (Bears) was hired by the Baltimore Ravens as the team's offensive coordinator Tuesday, Jan. 20. Trestman was previously the head coach of the Chicago Bears.

C.J. AndersonJan 20 01:33p

Denver Broncos RB C.J. Anderson, who finished the year with 849 rushing yards, 324 receiving yards and 10 touchdowns, is looking forward to his role in new head coach [ More ]

Latavius MurrayJan 19 09:53p

Oakland Raiders RB Latavius Murray could benefit from offensive coordinator Bill Musgrave, who has used a run-heavy style in the past.

Reggie WayneJan 19 07:03p

Indianapolis Colts WR Reggie Wayne (triceps) is unsure if he will be returning for another season. Wayne was targeted just twice in the loss to the New England Patriots [ More ]

Richard ShermanJan 19 03:43p

Seattle Seahawks CB Richard Sherman (elbow) suffered a sprained elbow during the NFC Championship game, according to a source, but should be able to play in the Super Bowl.

Randall CobbJan 19 02:23p

Green Bay Packers WR Randall Cobb said his preference is to re-sign with the team this offseason. 'Of course (I want to be back). I think I've made that [ More ]

Marshawn LynchJan 19 02:13p

Seattle Seahawks RB Marshawn Lynch may consider retirement if the Seahawks win the Super Bowl, according to NFL Network's Ian Rapoport. Lynch has reportedly told people in private that [ More ]

Earl ThomasJan 19 01:03p

Seattle Seahawks FS Earl Thomas (shoulder), who is dealing with a dislocated shoulder, said he will play in the Super Bowl against the New England Patriots.

LeGarrette BlountJan 19 12:43p

New England Patriots RB LeGarrette Blount ran for 148 yards and three touchdowns on 30 carries in the team's win over the Indianapolis Colts in the AFC Championship game [ More ]

Richard ShermanJan 18 11:13p

Seattle Seahawks CB Richard Sherman (elbow) suffered an elbow injury in the NFC Championship Game against the Green Bay Packers Sunday, Jan. 18, but he said after the win [ More ]

Gary KubiakJan 18 10:02p

Baltimore Ravens offensive coordinator Gary Kubiak will take the Denver Broncos head coaching position, as expected, multiple outlets are reporting Sunday, Jan. 18.

Justin BrittJan 18 01:52p

The Seattle Seahawks have declared QB B.J. Daniels, TE Cooper Helfet, DL David King, SS Jeron Johnson, OT Justin Britt, OL Keavon Milton, CB Marcus Burley inactive for Week 20.

Jeff JanisJan 18 01:42p

The Green Bay Packers have declared DL Bruce Gaston, LB Carl Bradford, CB Demetri Goodson, RB DuJuan Harris, C Garth Gerhart, WR Jeff Janis, TE Justin Perillo inactive for Week 20.

Andrew LuckJan 18 01:02p

Indianapolis Colts QB Andrew Luck has been working with the team on a contract extension that could be the richest contract in the NFL, according to a source.

Carson PalmerJan 18 10:22a

Arizona Cardinals QB Carson Palmer (knee) said he feels great and that he is ahead of schedule in his rehab from a torn anterior cruciate ligament. Palmer started jogging [ More ]

Trent RichardsonJan 17 03:12p

Indianapolis Colts RB Trent Richardson (personal) did not make the trip to New England for the AFC Championship game.

RSS Feeds

NFL News:
 
Player Notes:
 
Forum Posts:
 

© 2015 RealTime Fantasy Sports, Inc.
Email Us  ·  Call Us 636.447.1170  ·  Lost Password
Advertising represented by USA Today Sports Media Group