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Decertification

riddel

By riddel,
in Carolina Panthers

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Happy Panther Grand Master

Happy Panther

Posted
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Here is the exact quote:

In 2006, ‘07 and ‘08 we generated $3.6 billion in new revenue. The players have gotten $2.6 billion of the revenue and 32 teams have gotten $1 billion. And we have a negative cash flow of $200 million. Now, I don’t think many business schools would say that’s a model that’s going to sustain itself and we have tried to explain that as best we could to the representatives of the Players Association.

Anyway the union is going to cry and moan whether NBA or NFL. But the NBA is going to stay at the table because of what the owners have provided. The NFL union is handcuffed because they demanded fiancials 2 years ago and never got them. The NFL basically said no here is something else take it or leave it.

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mav1234 Grand Master

mav1234

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actually for the NBA there is already a lockout predicted across the board. Sure, the NBPA may not decertify but they have already said they don't need to make concessions and both sides are preparing for a lockout... which could just be talk, but amusingly enough, people thought it was the NFL which would have labor peace and the NBA that would have a lockout.

The Union basically handcuffed itself. They could have continued negotiations, reviewed what the owners had asked for and perhaps in time worked free more and more financial information... Instead, they have basically stuck to the same single request and refused to negotiate beyond that despite owners concessions. I think that saying the union was handcuffed by owners is incorrect; now, whether or not their obstinance regarding having the books opened is a good idea or not is another case entirely... but they did have other options than to decertify.

In a week deadline extension, the owners revised just about every single demand they had and even accepted many of the players requests entirely. They finally supplied some information, but apparently not enough. That was in a week. Now, it's possible in the closed door sessions the NFL did say that this is the last offer you're going to get, take it or leave it... but neither said has really said that, despite the various leaks during the process.

I dunno. I do see the players side, but I just feel like they walked out before they had to.

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sml1950 Newbie

sml1950

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1) I think the only guy in the universe who has said the NFL is losing money is our esteemed owner who stated "And we have a negative cash flow of $200 million." I reiterate our owner is either delusional or a liar. As riddel has astutely pointed out union law states that if the owners are claiming financial hardship then they have a legal duty to open the books. I am guessing the owners lawyers were on the phone to JR to zip it within 8 minutes after .

EVERYTHING that the owners are saying to the press has been reviewed, vetted and agreed upon by the league lawyers. To say that Richardson is a loose cannon, firing unsubstantiated salvos at the union is farcical. He was chosen by the other owners to be one of their negotiators because he is low key and level headed. Richardson is like EF Hutton, when he talks, you better listen.

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sml1950 Newbie

sml1950

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Actually on antacid after trying to stomach you're post.

I expect you know the difference between cash-flow and profits. Businesses can be profitable and still have negative cash-flow, as well as visa versa. Remember, players get upfront payments rather than guaranteed contracts and this can lead to substantial cash outflows in a year, all of which does not go thru the P&L in that year. A couple of years ago Al Davis sold 10% of the Raiders for 150 million and when on a signing spree spending almost all of that on upfront payments. They certainly had a huge negative cahflow that year, despite most likely being profitable. All in all, 200/32= a little more than 6 million/club in not unfathomable.

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riddel Newbie

riddel

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Interesting post I read on the page above....

Just consider these gross facts:

Gross Fact 1: Even though their players endure the worst working conditions of any major pro athlete — shortest career spans and non-guaranteed contracts — the owners are asking them for a reported extra $325 million cut of the revenue. The players are wondering, why change anything?

Gross Fact 2: Even though their players' bodies are decimated by a 16-game schedule, the owners are asking them to increase to an 18-game schedule in three years. The players are wondering, are they really trying to kill us?

Gross Fact 3: Even though a study showed that 78% of NFL players are either bankrupt, divorced or unemployed within two years after the end of their career, the owners are still woefully inadequate in their contributions to the health of former players. The broken-down players are forced to shuffle and stagger into Super Bowl news conferences to plead for the owners to fulfill their moral obligation.

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Stumpy Grand Master

Stumpy

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Interesting post I read on the page above....

Just consider these gross facts:

Gross Fact 1: Even though their players endure the worst working conditions of any major pro athlete — shortest career spans and non-guaranteed contracts — the owners are asking them for a reported extra $325 million cut of the revenue. The players are wondering, why change anything?

Gross Fact 2: Even though their players' bodies are decimated by a 16-game schedule, the owners are asking them to increase to an 18-game schedule in three years. The players are wondering, are they really trying to kill us?

Gross Fact 3: Even though a study showed that 78% of NFL players are either bankrupt, divorced or unemployed within two years after the end of their career, the owners are still woefully inadequate in their contributions to the health of former players. The broken-down players are forced to shuffle and stagger into Super Bowl news conferences to plead for the owners to fulfill their moral obligation.

I can understand the position the players are taking with the first two "Gross Facts." But when they get to the issue of players going bankrupt or unemployed after leaving the league, they completely lose me.

These are men who were provided with at a minimum of three years of college at major institutions. They are the ones who, for the most part, chose to pursue degrees in sports science, or communication. If the issue of bankruptcy is such a problem, then they should choose to go for a degree in Accounting or Financial Management. And as for unemployment, without even touching on the state of unemployment as whole in the US, if they were to get a degree in a real field, I would imagine that their unemployment rank would probably be somewhere well below the 9-12% range that the rest of America faces.

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