Current Video:Horrow: NFL financial worries|
The Sports Professor, Rick Horrow, gives his NFL business report and much more.
Automatically Generated Transcript (may not be 100% accurate)
This is the sports professor Rick Horrow the sports business minute. NFL training camps are opening and everybody's worried about financials. And the Green Bay Packers give -- rare insight into the numbers. Possess their public company they got -- disclose the numbers both the revenues in the expenses. On the surface the Packers appear to be relatively healthy the team reported record revenues of 258 million and operating profit of nearly ten million. However operating expenses jumped about twenty million from last year to nearly 250. Million and of that amount. 160 million or so with the player caught us off for about a 140 million the year before. CEO Mark Murphy says player costs are increasing an average of 11% annually while revenue was gone up just five point 5%. Escalating player cost to the biggest reason why the NFL and the NFL players association. Have been at loggerheads with an uncapped year everybody's ready to come to the table when Hal where that's the big issue. I'm Rick Horrow.