Thursday, February 10, 2011

Details Of The Greedy Owners

http://sports.espn.go.com/nfl/news/story?id=6107737

At the current revenue levels, "total revenue" has been defined as an estimated $9 billion gross, minus a $1 billion credit in the owners' favor. In the current CBA deal about to expire, the union's share has been estimated at about 60 percent of $8 billion, once the $1 billion credit was subtracted.

Owners have asked for an additional $1 billion credit -- or $2 billion in total -- before it splits "total revenue" with players.

To simplify talks, a player source said the union told the owners' negotiating team that it will forgo its request to examine the league's financial books by simply taking the flat 50 percent cut of "all revenue," which would eliminate $1 billion to $2 billion credits off the top and erase the definition of "total revenue."

A union source said that if the NFLPA accepted the owners' current proposal, it would receive a little more than 40 percent of all revenue.

Smith said in an interview with ESPN last week that a 40 percent to 42 percent share of all revenue would represent the smallest percentage of a players' share by any professional sports union.

So the players are willing to take 50/50 but the owners say no. The players say show me your books proving you are poor. The owners say no. The owners want 2 billion up front. Then they want the players to take 40% of what is remaining. The players says F*ck you! Good for the players.

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