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Packers profit drops 98% to $724,000, hurt by losing

Fri Jul 12 4:57pm ET

Players: Aaron Rodgers

GREEN BAY, Wis. (AP) The Green Bay Packers reported a profit of just $724,000 in their latest fiscal year, which included their second straight season without a playoff appearance, a large contract extension for quarterback Aaron Rodgers and change in head coach from Mike McCarthy to Matt LaFleur.

Green Bay's profit in the year ending March 31 was down 97.9% from $34.1 million in the year ending March 2018 and more than 99% from the record $75 million in the previous fiscal year.

''From a financial standpoint, it was a unique year for the Packers,'' Packers President Mark Murphy said Friday.

Expenses rose from $420.9 million to $477.2 million, boosted by Rodgers' $134 million, four-year deal and the contracts for several free agents: outside linebackers Za'Darius Smith and Preston Smith, safety Adrian Amos and guard Billy Turner.

''We were a little more aggressive than we've been in a number of years,'' Murphy said.

While overall revenue increased 5.1% to $477.9 million, local revenue improved by only 2.3%, hurt by consecutive losing seasons that impacted Pro Shop visits and tours of Lambeau Field and the Packers Hall of Fame.

''If we can get back to the playoffs and get to the Super Bowl, that always helps,'' Murphy said. ''We have a policy regarding our season-ticket pricing. We want to be just below the league average. We don't want everything to be on the backs of our season ticketholders.''

The NFL's collective bargaining agreement is set to expire after the 2020 season and the team has $397 million in its corporate reserve fund.

''The plan was that we had enough money to cover expenses for a year. I think we're in very good shape with that,'' Murphy said. ''We don't have a rich, deep-pocketed owner, so we have a $400 million corporate reserve. Three or four years ago, we put $50 million into the corporate reserve. It's grown since then with investment returns and we've made significant investments in real estate around this area.''

Player Notes
Derrius Guice Aug 7 11:30pm ET

The Washington Football Team has released running back Derrius Guice following a domestic abuse arrest. The oft-injured Guice was expected to be the lead back for Washington's running back committee this year, but the release obviously changes everything in Washington. Veteran running back Adrian Peterson should now see the bulk of the carries, while rookie Antonio Gibson gets chances on passing downs. Gibson gets a boost in dynasty leagues after Guice's release, while Peterson is now a viable top-100 pick in virtually all re-draft leagues. As for Guice, his arrest could be the end of his disappointing NFL career. He's off the radar in redraft and becomes borderline rosterable in dynasty.

From RotoBaller

Jerick McKinnon Aug 7 10:30pm ET

San Francisco 49ers running back Jerick McKinnon has been one of the more impressive players at training camp, according to Cam Inman of The Mercury News. In particular, McKinnon's route running out of the backfield has looked crisp. It is welcomed news for the 28-year-old, as he has missed the entirety of the past two seasons with injuries. McKinnon may be able to carve out a role for himself as a pass-catching, third-down back, but he has to battle Raheem Mostert and Tevin Coleman for touches. If McKinnon continues his strong play, the 49ers backfield may become even more of a headache for fantasy owners.

From RotoBaller

Derrius Guice Aug 7 7:23pm ET

Washington Football Team RB Derrius Guice was released Friday, Aug. 7.

Fantasy Spin: Guice likely will not receive much interest from other teams because of the arrest, but fantasy players can keep an eye on the situation. Adrian Peterson likely will handle most of the carries for Washington this season and can be at least a No. 3 running back in standard fantasy leagues.

From TheHuddle

Calvin Ridley Aug 7 7:00pm ET

Atlanta Falcons wide receiver Calvin Ridley is looking "bigger and stronger" according to head coach Dan Quinn. Quinn said that Ridley had a good offseason and is coming into training camp hungry. The Alabama product is a popular pick for a third-year breakout after he was well on his way towards his first 1000-yard season before getting hurt. The 25-year-old has had no trouble finding the end zone in his first two years, compiling 17 touchdowns, though he'll need to slightly raise his yards per game and catch percentage numbers to reach his goal. Playing in an offense that has ranked in the top-five in pass attempts in each of the last two years should give Ridley a great chance at becoming elite in 2020.

From RotoBaller

Dont'a Hightower Aug 7 3:06pm ET

Nearly 70 players have opted out of the coming NFL season because of coronavirus concerns. Highlighting the list is LB Dont'a Hightower, LB C.J. Mosley, and RB Damien Williams. The good news is the deadline to opt out has passed and the list of big-name players is minimal, so fantasy owners can plan accordingly for the coming season and start drafting with more confidence.

Calvin Ridley Aug 7 3:03pm ET

Atlanta Falcons WR Calvin Ridley has 'really put in a good offseason ... he's bigger, stronger,' Falcons head coach Dan Quinn said Friday, Aug. 7, in a media conference call.

Fantasy Spin: Ridley has caught 127 passes over his first two seasons, including 17 TDs -- three more than teammate Julio Jones over the same span -- and is a legit WR2 in all formats.

From TheHuddle

James Washington Aug 7 2:20pm ET

The Pittsburgh Steelers activated wide receiver James Washington from the COVID-19 reserve list on Friday. Washington was placed on the list on August 2. The third-year wide receiver has 60 receptions for 952 yards and four touchdowns across his two NFL seasons. The team released linebacker John Houston, an undrafted rookie free-agent, in a corresponding move to create room on the roster for Washington. Washington will compete to be the No. 3 receiver in Pittsburgh behind JuJu Smith-Schuster and Diontae Johnson this season.

From RotoBaller

Vinny Curry Aug 7 2:10pm ET

The Philadelphia Eagles agreed to re-sign defensive end Vinny Curry to a one-year deal worth up to $2 million. $1.3 million is guaranteed, making Curry basically a lock for the final roster. Curry spent the first six years of his NFL career in Philly, and returned last season, recording five sacks while playing 415 snaps. He's a rotational edge rusher and should return to a similar role.

From RotoBaller

Sterling Shepard Aug 7 1:23pm ET

New York Giants WR Sterling Shepard is entering the 2020 season as the longest-tenured Giant, and said Friday, Aug. 7, in a Zoom media conference call that 'I might have to shake the 'young' Shep.' He added that he plans to set a 'good example' for his younger teammates.

Fantasy Spin: Shephard, still only 27, has caught at least 57 passes in all four seasons in N.Y., including 57 in 10 games last season. He's a WR4 with upside, particularly in PPR leagues.

From TheHuddle

Vinny Curry Aug 7 1:23pm ET

Free agent DE Vinny Curry is re-signing with the Philadelphia Eagles on Friday, Aug. 7, according to sources.

From TheHuddle

Cam Newton Aug 7 12:53pm ET

New England Patriots QB Cam Newton on Friday, Aug. 7, declared himself fully ready for training camp. 'At this particular time, I'm full go,' Newton said in a video conference call.

Fantasy Spin: Newton first will have to stay healthy and then also beat out Jarrett Stidham and Brian Hoyer for the starting gig. If A and B are accomplished, Newton will enter the season as a QB2 but one with considerable upside.

From TheHuddle

Dion Jordan Aug 7 12:53pm ET

Free agent DL Dion Jordan (Raiders) on Friday, Aug, 7, signed a one-year contract with the San Francisco 49ers, the team announced. Terms of the deal were not available.

From TheHuddle

Aug 7 12:53pm ET

New York Giants LS Zak DeOssie on Friday, Aug. 7, announced his retirement.

From TheHuddle

Vic Beasley Aug 7 11:53am ET

Tennessee Titans LB Vic Beasley reported for COVID-19 testing Friday, Aug. 7.

From TheHuddle

James Washington Aug 7 11:13am ET

Pittsburgh Steelers WR James Washington was activated from the Reserve/COVID-19 list Friday, Aug. 7.

Fantasy Spin: Washington could start opposite of Juju Smith-Schuster, but he'll need to step it up to stave off Chase Claypool. Washington figures to be a WR4 or WR5 in fantasy.

From TheHuddle

Corey Davis Aug 6 7:03pm ET

Updating a previous story, Tennessee Titans WR Corey Davis (toe) is on the Physically Unable to Perform list as a result of offseason toe surgery. He's not expected to miss any games.

Fantasy Spin: This would be a greater concern if Davis was actually missing meaningful practices while on the PUP list. There shouldn't be any major concern, and he'll still enter the season as the No. 2 option behind A.J. Brown.

From TheHuddle

M.J. Stewart Aug 6 5:43pm ET

Tampa Bay Buccaneers CB M.J. Stewart was released Thursday, Aug. 6.

From TheHuddle

Rod Smith Aug 6 5:33pm ET

Las Vegas Raiders RB Rod Smith was placed on the Reserve/COVID-19 list Thursday, Aug. 6.

From TheHuddle

Josh Doctson Aug 6 5:33pm ET

Updating a previous story, New York Jets WR Josh Doctson was placed on the Reserve/Opt-Out list Thursday, Aug. 6.

From TheHuddle

Rashaan Melvin Aug 6 5:23pm ET

Updating a previous story, Jacksonville Jaguars DB Rashaan Melvin was placed on the Reserve/Opt-Out list Thursday, Aug. 6.

From TheHuddle