Decertification

[blackcatgrowl]

Do you know the extent of information was going to be provided to an independend auditor? My guess is very limited...

Do you?

It's a fact that they gave them an Independently audited P&L sheet. If an INDEPENDENT 3rd party audits a ledger, and approves a general Profit and Loss sheet, you can reasonably assume that that the details of the sheet are factual. Requiring the details of the P&L is, at that point, unreasonable.

NFL refused to provide NFLPA with audited financial statements for the last 10 years... Means, they refused to show their income statement, balance sheet, and cash flow statement.

[Ja Rhule]

P&L is almost same as Income Statement. I did not see anything about P&L.

[blackcatgrowl]

Honestly, I don't think anyone knows what kind of financial data was provided... I've been reading news and forums for over a day and all I see is "financial data"... What financial data?

We know it was an independently audited P&L sheet.

This means the NFL paid a company like Pricewaterhouse Coopers, or KPMG, to come in, and review the DETAILS, and confirm what they were representing as profit and loss was legit.

If the NFLPA didn't accept the findings of one of these types of firms, then they're being absurd.

[Ja Rhule]

We know it was an independently audited P&L sheet.

This means the NFL paid a company like Pricewaterhouse Coopers, or KPMG, to come in, and review the DETAILS, and confirm what they were representing as profit and loss was legit.

If the NFLPA didn't accept the findings of one of these types of firms, then they're being absurd.

Yea I know... CPA firm. Now, show me where it says P&L. I've been asking for it for 3 hours now.

[blackcatgrowl]

P&L is almost same as Income Statement. I did not see anything about P&L.

http://www.cbssports.com/nfl/story/14792619/nfls-pash-says-union-has-enough-financial-data

According to the person who spoke to the AP, the NFL's proposal to the union included:

• audited league-wide profitability data with dollar figures from 2005-09 that wouldn't show information on a club-by-club basis;

• the number of teams that have seen a shift in profitability in that span;

• an independent auditor to examine the data

[Ja Rhule]

http://www.cbssports.com/nfl/story/14792619/nfls-pash-says-union-has-enough-financial-data

Finally! Thanks!

Seems like they provided good information. But the owners claimed they have a lose of $200m in 2010 but failed to provide information for 2010? Oh the drama...

[blackcatgrowl]

Finally! Thanks!

Seems like they provided good information. But the owners claimed they have a lose of $200m in 2010 but failed to provide information for 2010? Oh the drama...

The fact that remains, is the NFLPA decided to reject these 5 years of information, and instead demanded 10 years of information, or else.

If they wanted to negotiate in good faith, wouldn't good faith allow for more than 15 minutes of time to gather another 5 years of information, or at least agree to another extension to talk to all the owners about their demands?

[Ja Rhule]

The fact that remains, is the NFLPA decided to reject these 5 years of information, and instead demanded 10 years of information, or else.

If they wanted to negotiate in good faith, wouldn't good faith allow for more than 15 minutes of time to gather another 5 years of information, or at least agree to another extension to talk to all the owners about their demands?

I dunno dude. I had my dose of football for the day. Soccer time! Arsenal vs Manchester United in 30 minutes.

Thanks for the info. I well deserved rep for you.

[blackcatgrowl]

Hmm. Soccer. Seems like a fairly popular sport. ;)

Enjoy your game.

[teeray]

I said this in another post. The request for 10 years is unwarranted and was a bull poo request to get us to the exact point we are in.

The owners wanted to give financial records that fell within the current CBA. The previous 5 years was irrelelevant to the issue of the negotiation. The players don't even want the information they want to get to litigation. The request was outrageous and unnecessary. It was requested purely bc they knew it would be declined and to support their public spin of "just be transparent" so they could save face as they blew up the league and went to court.

For the player supporters answer this question for me. If the current CBA has been in effect since 2006; and the issue is the solvency of the current CBA, then why do you want financial records from beforw the current CBA?

The request was made because it wouldn't be accepted bc it is irrelevant. The NFLPA knew this going in. The request was not in good faith which is why they didn't bend on it. The request was designed to place this in court where they believe they can get an even better deal.

It is bull poo.

[ThPantherFan]

Have you ever dealt with a project where the Davis Bacon Act applies, if so you may have an idea what contracting (NFL Player) services means. They are protected by the union. If you don't like what they are doing, then you had better build a case against them and make sure you have "just cause" before you fire them. When dealing with Davis Bacon Act projects you quickly realize that the federal government hold the power when dealing with these contractors. You have to dot your I's and cross your T's or you may find yourself in a world of federal pain.

I thought Davis Beacon applied to company agents. Maybe that is Taft Hartley. Anyway, my point was it is my company and I will make a choice of a contractor. I know it may not apply to this particular situation, but I'm getting tired of too much government involvement. Congress can't handle what is in front of them now and has no business deciding a sports issue.

[Happy Panther]

You are fuging clueless.

Your posts towards me are always completely dickish, please don't bother if you can't act like an adult

[Marguide]

You are ignoring the appreciation on the asset. While Jerry Richardson's return on assets in any given year might be low, he has an asset that has grown from $200M to $1B.

In other words his $200M investment has grown on average around $50M per year as well as produced a revenue stream around $20M per year.

Seems pretty damn good to me

Asset value does not necessarily reflect how a business is performing. It has relevance if you want to sell, or seek financing, but that is about it.

For an excellent example of what can happen to asset value outside one's direct control, just look at the real estate market. Maybe you bought a house for $200 grand, but due to factors beyond your direct control, it now has a value of $75,000.

[Anybodyhome]

The owners want $2 billion off the top of the $9 billion and then they want to split the $7 billion with the players, although the $7 billion split has never been presented. The players current receive 60% of $8 billion after the owners take $1 billion off the top....so by reducing the cut to $7 billion, the owners are taking money from the players and must show why.

You're confusing revenue sharing with payroll. Last time I looked I hadn't heard Frank Gore's salary wasn't getting cut next this season.