The Start Of Free Agency To Be Delayed? (CBA Extension Talk)

[rjs246]

I thought 56.2 equated to 94.5mil...

[Rome]

waaaaaah

I wasn't crying for Lurie, IGY.  I was saying that he's in the same boat debt-wise as Kraft, yet you don't hear his name being mentioned in the same was as Kraft's in this fiasco.

[phattymatty]

They'd be 50M UNDER the cap.

Wow, that gives us enough money that maybe we could go after TO.

[SunMo]

They'd be 50M UNDER the cap.

Wow, that gives us enough money that maybe we could go after TO.

he's had some troubles, but i think this locker room can keep him in line.

[SD_Eagle5]

waaaaaah

I wasn't crying for Lurie, IGY.  I was saying that he's in the same boat debt-wise as Kraft, yet you don't hear his name being mentioned in the same was as Kraft's in this fiasco.

Lurie bought the Eagles for $175 mil (reportedly) and they're now worth close to $1 billion. I'm sure the same applies to the Pats. They can both suck a fat one, and Kraft can suck 2 fat ones if he's the one holding this shtein from getting this done.

[Zanshin]

I hear you, but it isn't that clear cut.  "Worth" fluctuates.  Sure, the Franchises are worth more, but that doesn't inherently give them money to spend.  My house is "worth" a lot of money, too...but that doesn't do a damn thing to help me pay the bills regularly.

[SunMo]

these owners make so much money from tickets, SBL's, tv/radio contracts, merchandising that we should never, ever, hear them utter one syllable about paying debts

[SD_Eagle5]

I hear you, but it isn't that clear cut.  "Worth" fluctuates.  Sure, the Franchises are worth more, but that doesn't inherently give them money to spend.  My house is "worth" a lot of money, too...but that doesn't do a damn thing to help me pay the bills regularly.

A) I'm sure the Pats and Eagles did fine the past 5 years with revenue. I can't believe for one second that either would bitch after the support they've received from their fans.
B) When you have a close to Billion dollar asset it makes it pretty easy to get loans and whatnot.

[Zanshin]

Yeah.  That's the sort of thing people say when they don't feel any pain associated with these things, relative as it may be.  That's just not realistic business.

[SD_Eagle5]

Yeah.  That's the sort of thing people say when they don't feel any pain associated with these things, relative as it may be.  That's just not realistic business.

Why not? You're telling me that with all the yearly revenue they bring in and with a billion dollar asset that they have the right to bitch? Wish I was in their situation.

[ice grillin you]

they know exactly what theyre doing...they finance these stadiums and aquire some debt in order to collect on all streams of revenue having to do with the stadium...an owner doesnt want a publically owned stadium cause they dont make any money off it...why do you think snyder makes so much...cause the skins stadium was 100% paid for by JKC...

anyone that brings the word debt up when talking about kraft lurie or any of these other owners should be cained

[Wingspan]

I hear you, but it isn't that clear cut.  "Worth" fluctuates.  Sure, the Franchises are worth more, but that doesn't inherently give them money to spend.  My house is "worth" a lot of money, too...but that doesn't do a damn thing to help me pay the bills regularly.

A) I'm sure the Pats and Eagles did fine the past 5 years with revenue. I can't believe for one second that either would bitch after the support they've received from their fans.
B) When you have a close to Billion dollar asset it makes it pretty easy to get loans and whatnot.

and the revenue is used to pay them back. the lurie's and kraft's of the nfl, have used their high revenue streams to finance things like the stadium, and training complexes, and then the salaries, and taxs and everything else.

every dollar in is not profit, there are a lot of bills to pay, in untilities, salaries for players and office employees. some of the larger market owners need the higher revenue to pay back their debts. if too much of the revenue is lost to the pool, then there could be some trouble within those teams in the future that counted on that lost future income to pay back it's debt.

this plan is not to bring the lower revenue teams up to the higher ones, it does the opposite, it brings the higher ones back down to the rest. Zanshin is right, just because an asset has appreciated does not give you more money, unless you liquidate that asset. and even then it would be less any debt.

**edit**
this is not to say that they are poor souls who need sympathy, but in the realm of the nfl, this must be considered. as profitable as the nfl has been recently, it is a very fragile business model, because there is no gaurentee of an improved product in the future.

[PoopyfaceMcGee]

That's ridiculous.  Debt should be factored in to franchise worth, not only revenue.  Only taking revenue into account makes no sense at all and leaves out a lot of the financial picture.  Plus, you look at owners like the Browns in Cincy that eschewed the possibility to sign the naming rights of the stadium over, and the picture only gets cloudier.

If revenue sharing is going to be in place, why shouldn't the actual profit of the franchise be considered?

Trust me... guys like Bob Kraft will still get screwed, just more fairly so.


Just because these guys are filthy rich is no reason that they should just bend over to any deal.

[rjs246]

Who farging cares?

[MadMarchHare]

I thought 56.2 equated to 94.5mil...

That number is based on defined gross revenue.  The new CBA will be based on total gross revenue, which is why the number gets elevated.  Christ, haven't you been following the pages of minutiae on this issue that Florio has been blogging on PFT?