Goodell and His Shady Accounting

[nitsuj1225]

http://sports.yahoo.com/blogs/nfl-s...n-in-shared-revenue-from-nflpa-024530803.html

"The NFLPA scored a big monetary victory over the NFL.
According to the Wall Street Journal, arbitrator Stephen Burbank ruled last week that the NFL withheld about $120 million in ticket revenue from a shared pool, which the report said kept about $50 million in salary from players.

The NFLPA crowed a bit about the victory (“They created an exemption out of a fiction and they got caught,” NFLPA chief DeMaurice Smith told the Wall Street Journal) while the NFL chalked it up to a "technical accounting issue."

The Wall Street Journal explained that the dispute came from a provision in the collective bargaining agreement that allows teams to exclude money from the shared pool from personal set licenses, premium seating and naming rights to stadiums. Often those three revenue streams help finance new stadiums. The Wall Street Journal said that the players association's lawyers and accountants, in an ongoing audit of the league's finances, found the NFL "created another category of exempted money that isn’t in the collective bargaining agreement."

League spokesman Brian McCarthy told the Wall Street Journal that it was due to a “technical accounting issue under the CBA involving the funding of stadium construction and renovation projects.” McCarthy wouldn't reveal the figure that needed to be returned to the shared pool. In the Wall Street Journal story the union claimed it was about $120 million. That will add about $1.5 million to the 2016 salary cap for each NFL team, the story said."


Yeah $120m off is just a "technical accounting issue" hahaha Any other CEO would be fired for such a "mistake". Just like with the Pats*, you wonder what other shady stuff the league has done and that hasn't been caught? The good news is this will add some more room to the salary cap.

 

[Drink IRON City]

NOTHING is of surprise with this "NFL" , including ownership. OWNERSHIP allows this azzhat to function and they are well aware of what is going on. Sure they can't do anything about some things, but the integrety of the game is GONE. The cheatriots cheating and continueing the cheat blatenly, says it all right there. For fear of exposing a negative or fan depleating image should be the least of their fears as opposed to the eventual exposure of the cheat itself. Now yopu've got honest salary being stoolen, what next?????





Salute the nation

 

[Litos]

this makes it impossible to side with the owners, I mean it's 1,5M more that adds to the cap, that's chump change to the owners yet they are trying to hide it in the books

 

[Fiji Mariner]

No doubt the NFL dropped its not for profit status for 2 reasons:

1) because Goodell's already crazy 30m+ salary is going to grow to a number they don't want to have to report (one can only guess how much it grows to)

2) for easier shady accounting tactics, they want less eyes on where they are hiding money

Goodell's is a greedy POS, and the NFL owners love it. What a greasy bunch

 

[BLITZ]

it could have been a mistake

 

[Confluence]

For an entity with $9+ Billion in revenue, $120 million is about 1-2%. So please relax.
It is still notable, and because it contravenes the leagues most important legal relationship, the CBA, then this will demand a sacrifice on the altar of public perception. How close to ******* Goodell the sacrifice comes will demonstrate the perceived level of exposure to the "shield".
Expect an announcement in the middle of the combine so it gets lost in the noise.

 

[Drink IRON City]

For an entity with $9+ Billion in revenue, $120 million is about 1-2%. So please relax.
It is still notable, and because it contravenes the leagues most important legal relationship, the CBA, then this will demand a sacrifice on the altar of public perception. How close to ******* Goodell the sacrifice comes will demonstrate the perceived level of exposure to the "shield".
Expect an announcement in the middle of the combine so it gets lost in the noise.

Sacrifice,................................ AS in blood..............!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Salute the nation

 

[swal75]

An extra 1.5 million allows us about 2 million to use as a first year salary for a free agent signing(after displacing someone from top 51). It's not insignificant.

 

[Steel G]

this makes it impossible to side with the owners, I mean it's 1,5M more that adds to the cap, that's chump change to the owners yet they are trying to hide it in the books

The worst part is that it's money from the stadium seating, straight from the fans' pockets and even from taxpayers that aren't fans. And yet they don't want any of it to go to the players, the ones that are essentially putting butts into the seats.

 

[doggfather69]

I wondered how the nfl jumped from 100 million to 300 million to help San Diego build a stadium in the span of about 4 weeks. They knew they were caught and figured that was a peace offering. Just my 2 cents.