Wednesday, January 27, 2010
The NFL Collective Bargaining Agreement: Will it get done?
From what I'm reading, the Washington Redskins are a huge part of why the NFL CBA is at a standstill. The Redskins bring in $327 million a year, and the most an NFL team can spend on salary and benifits a year is $150 million. Thus, the Redskins only spend 46% of the revenue they bring in; versus the Minnesota Vikings only bring in about $200 million. So when the Vikings spend $150 million they are spending 75% of their revenue to keep up the team.
The NFL is suggesting that the players take a 20% decrease on their salaries which is $800 million league wide. But they want them to do this so that the NFL doesn't turn into the lopsided Major League Baseball organization where only a couple of teams are relevant. If this deal doesn't get done by next year then multiple things could go wrong for the league including teams not having a price floor and thus spending very little on salary and benifits. Basically, the Buffalo Bills could start paying their team only $100 million and having a pathetic product playing on the field on Sunday; this is just one more reason that something needs to happen QUICKLY!! Goodell!!
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