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

Justin HoustonMar 2 09:52a

Kansas City Chiefs LB Justin Houston had the franchise tag placed on him Monday, March 2, according to a source.

Ndamukong SuhMar 2 09:43a

Detroit Lions impending free-agent DT Ndamukong Suh will not receive the franchise tag Monday, March 2.

LaMarr WoodleyMar 1 07:12p

The Oakland Raiders plan to release DE LaMarr Woodley, a league source said Sunday, March 1. He made just five tackles in six games before his season ended due [ More ]

DeMarco MurrayMar 1 02:42p

Dallas Cowboys impending free-agent RB DeMarco Murray probably will hit the free-agent market since contract talks with him have gone slow, according to executive vice president Stephen Jones. Jones [ More ]

Dez BryantFeb 28 10:12p

Dallas Cowboys WR Dez Bryant is expected to receive the franchise tag by Monday, March 2, but during the NFL Scouting Combine, team owner Jerry Jones said that he [ More ]

DeMarco MurrayFeb 28 09:02p

Dallas Cowboys RB DeMarco Murray could give the team a chance to match any offer he receives during free agency, according to executive vice president Stephen Jones. 'There is [ More ]

Dez BryantFeb 28 08:52p

Dallas Cowboys WR Dez Bryant will receive the franchise tag by the deadline Monday, March 2, executive vice president Stephen Jones confirmed Saturday, Feb. 28. The move will guarantee [ More ]

EJ ManuelFeb 28 02:22p

Buffalo Bills QB EJ Manuel still seems to be the No. 1 option at quarterback, for now, with Josh McCown heading to the Cleveland Browns. Buffalo could still add [ More ]

Josh McCownFeb 27 07:52p

Updating a previous report, Cleveland Browns QB Josh McCown signed a three-year deal Friday, Feb. 27, according to a source. Financial terms of the deal weren't disclosed. McCown completed [ More ]

Josh McCownFeb 27 06:32p

Free-agent QB Josh McCown (Buccaneers) has signed with the Cleveland Browns, according to his agent. Financial terms were not disclosed.

Reggie WayneFeb 27 04:42p

Indianapolis Colts impending free-agent WR Reggie Wayne (triceps) recently underwent surgery on his triceps and has started his rehab. Wayne still has not decided if he will play in 2015.

Darnell DockettFeb 27 04:22p

Arizona Cardinals DT Darnell Dockett was released Friday, Feb. 27. The Cardinals would like to re-sign Dockett if he is not able to find a better offer from another team.

Brandon GibsonFeb 27 03:42p

Miami Dolphins WR Brandon Gibson was released Friday, Feb. 27.

Stephen BowenFeb 27 03:22p

Washington Redskins DE Stephen Bowen was released Friday, Feb. 27.

Adrian PetersonFeb 27 02:42p

Minnesota Vikings RB Adrian Peterson could be a trade target for the Indianapolis Colts. QB Andrew Luck hasn't had a successful running game behind him so far in Indianapolis. [ More ]

Adrian PetersonFeb 27 02:42p

Minnesota Vikings RB Adrian Peterson could be a trade option for the Arizona Cardinals with QB Carson Palmer and WR Larry Fitzgerald nearing the end of their careers in [ More ]

Adrian PetersonFeb 27 02:32p

Minnesota Vikings RB Adrian Peterson could be an option to be traded to the Dallas Cowboys. Peterson is from Palestine, Texas, which is between Dallas and Houston, and he's [ More ]

Devonta FreemanFeb 27 02:12p

Atlanta Falcons RB Devonta Freeman could be the full-time back in new offensive coordinator Kyle Shanahan's scheme next season, according tot general manager Thomas Dimitroff. 'My first impression of [ More ]

Robert GeathersFeb 27 01:32p

Cincinnati Bengals DE Robert Geathers was released Friday, Feb. 27.

Greg LittleFeb 27 01:32p

Cincinnati Bengals WR Greg Little was released Friday, Feb. 27.

Chris CantyFeb 27 11:32a

Baltimore Ravens DE Chris Canty was released Friday, Feb. 27. The move saved the team around $2.7 million on the salary cap.

Brian HartlineFeb 27 10:32a

Miami Dolphins WR Brian Hartline was released Friday, Feb. 27.

Harry DouglasFeb 27 10:32a

Atlanta Falcons WR Harry Douglas was released Friday, Feb. 27.

Matt HasselbeckFeb 26 07:42p

Indianapolis Colts impending free-agent QB Matt Hasselbeck was re-signed to a one-year deal Thursday, Feb. 26. Financial terms of the deal were not disclosed.

Steven JacksonFeb 26 07:32p

Atlanta Falcons RB Steven Jackson will reportedly be released Friday, Feb. 27.

Adrian PetersonFeb 26 05:52p

Minnesota Vikings RB Adrian Peterson's suspension was overturned by U.S. District Judge David S. Doty Thursday, Feb. 26. However, the NFL also announced that they will appeal the ruling, [ More ]

Travis KelceFeb 26 05:42p

Kansas City Chiefs TE Travis Kelce, who led the team with 67 catches and 862 receiving yards in 2014, is expected to be a more prominent part of the [ More ]

Kendall LangfordFeb 26 04:12p

St. Louis Rams DT Kendall Langford was released Thursday, Feb. 26, saving the team $6 million in salary cap space.

Greg HardyFeb 26 02:32p

Carolina Panthers impending free-agent DE Greg Hardy will seek immediate reinstatement after a judge overturned Minnesota Vikings RB Adrian Peterson's suspension, according to a source.

Theo RiddickFeb 26 02:22p

Detroit Lions RB Theo Riddick likely will be given the chance to earn a bigger role in the offense next season after the team released RB Reggie Bush.

Adrian PetersonFeb 26 12:32p

Minnesota Vikings RB Adrian Peterson's suspension has been overturned after a judge granted a motion from the NFL Players Association to vacate the suspension.

Michael RoosFeb 26 12:02p

Free-agent OT Michael Roos (Titans) has announced his retirement from professional football.

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