NFL Owners Opt Out of Collective Bargaining Agreement
by Jimmy
on May 20, 2008 11:37 AM CDT
in News
The NFL owners unanimously voted to opt out of the current collective bargaining agreement today. They are sad because they aren't making enough money. That is probably the most ridiculous thing I have ever heard. They are upset because the players receive 60% of the revenues. Note to the owners: Without players you have nothing.
The most immediate ramification from this would be an uncapped year in 2010. Obviously uncapped is not a good thing for the Titans because of the Nashville market. There is no way this organization would be able to spend with the teams from the bigger markets.
The worst ramification from this would be a strike in 2011. It would be insane for the owners and players to mess up the current momentum of the NFL. Baseball was the American Pastime until the strike that cancelled the World Series in 1994. I doubt that an NFL strike would hurt the sport as much as the baseball one did, but it could still hurt the sport's popularity. Hopefully they will be able to work his out before any of this happens.
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the ridiculous argument the owners are using
is that many of them are in debt from new stadiums. Isn’t that an asset in every way, just like buying a house?
Our best pick-up this off-season has been 'Dinger. Go Titans!
by August West on May 20, 2008 11:42 AM CDT 0 recs
It's an asset if it makes money, and you can afford it.
It’s a liability if the team’s revenue isn’t enough to support the lease and pay all the rest of the organization’s bills. Consider that most franchises probably also have some significant debt service on the total value of the team’s initial start-up/purchase price, and what you’re really seeing is 60% of revenues going to players, 25% going to finance, and the rest going to pay bills-like stadium leases. That doesn’t leave a lot of financial resources for team profit and/or financial expansion. I’d be surprised to learn that the Titans are one of the teams with this problem, but Dallas and Houston probably have it-at least at some level. Hell, Indy and Jax probably have it, too.
But the overriding thing is that, yeah, there certainly is a huge OPPORTUNITY to make money here. Allowing a strike would be idiotic for all concerned,
DannoE
Go read FRIDAY MAD SCIENCE at www.paperbackreader.com
Go Titans!
by DannoE on
May 20, 2008 12:02 PM CDT
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and so many of the newer stadiums are partially funded by tax payers...
and I have a real hard time believing anybody in the league has a hard time paying rent or else you wouldn’t have that 100,000 seat towel of babel going up in Dallas.
Our best pick-up this off-season has been 'Dinger. Go Titans!
by August West on
May 20, 2008 12:35 PM CDT
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tower not towel, blah...
Our best pick-up this off-season has been 'Dinger. Go Titans!
by August West on
May 20, 2008 12:35 PM CDT
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Well, that's one reason why I don't think the Titans are in debt.
But there has been a big backlash nationally against public financing.
Look, I’m not saying that the owners are right. These are all rich guys on both sides; “right” is whatever keeps the sport on the field. But with that said, I’m quite sure there is a legitimate argument here from either perspective.
DannoE
Go read FRIDAY MAD SCIENCE at www.paperbackreader.com
Go Titans!
by DannoE on
May 20, 2008 12:51 PM CDT
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I still get the vibe that this is more big money owners vs. small money owners
than it is Player vs. Owner… all of the guys who started complaining before the ink was dry on the last CBA were the gazillionaires who want to be the Steinbrenner of the NFL if they could get away with it: Snyder (skins), McNair (Texans), Jones (Cowboys), etc.
Ahh well, as long as the product on the field is there I’m happy. Which old white male owner gets the most money isn’t something we’ll lose sleep over.
Our best pick-up this off-season has been 'Dinger. Go Titans!
by August West on
May 20, 2008 2:29 PM CDT
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