VI Mobile Scores and Betting OddsVI Mobile Scores and Betting Odds Be Social
Betting Tools

Packers enjoy another record financial year

MADISON, Wis. (AP) - The Green Bay Packers released details of another banner year financially on Tuesday, crediting another winning season, revenue-sharing across the NFL and shrinking player costs.

Team President and CEO Mark Murphy told reporters the Packers generated a record $308.1 million in revenue, up 2 percent from 2012's record $302 million.

``Another strong year on the field,'' Murphy said. ``Fourth year in a row to be in the playoffs, won two straight NFC North (Division) championships. That helps our finances.''

The team made a record $54.3 million in profits, up 26.4 percent from the previous year's record $43 million. It also set a record in net income at $43.1 million, up 1 percent from $42.7 million. Expenses shrank by 2 percent, from $259 million to just shy of $254 million in 2013.

As the NFL's only publicly owned franchise, the Packers are the only league team required to reveal detailed financial data.

Murphy keyed on the Packers' on-field success as a major money maker. The team finished 11-5 last season, won the division title and defeated the Minnesota Vikings in a home playoff game before losing to the San Francisco 49ers on the road. Last year, the team went 15-1 in the regular season before losing to the New York Giants in the playoffs. The year before that, Green Bay won the Super Bowl.

The team said so-called local revenue, which includes money from home gates, local media deals, Pro Shop sales and Lambeau Field tours, dipped 1.7 percent in 2013. But Murphy noted the 2012 figures were unusually high, including a 9.3 percent jump in local revenue driven largely by the team's 15-1 run and the Super Bowl afterglow.

``We're still well above what we'd consider normal or expected revenue in pro shop sales, (stadium) tours and Hall of Fame visits,'' Murphy said. ``It's just really down from all-time highs.''

Murphy also cited a nearly 5 percent increase in national revenue, which includes revenue sources divided among all NFL teams, such as broadcast deals and road receipts. Murphy said a new league uniform deal with Nike, and Time Warner and Cablevision adding the NFL Network, helped bolster those figures.

The Packers spent $136 million on player costs, down from $155 million in 2012, Murphy said. Lucrative contract extensions that quarterback Aaron Rodgers and linebacker Clay Mathews signed in mid-April - Rodgers added five more years to his current deal for a reported $110 million and Matthews reportedly added five more to his contract for $66 million - weren't completed in time to be included in the team's 2013 figures; the team's fiscal year runs from March 31 to April 1.

Murphy said the team plans to continue investing in its facilities, including wrapping up a 7,000-seat addition at Lambeau in time for the upcoming season and renovating the stadium's atrium to include a new pro shop, Hall of Fame and restaurant by June 2015. The two projects are expected to cost a combined $286.5 million.

Copyright 2018 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

HEADLINES SB53 Future Wagers
Pats TE Bennett announces retirement
Cards send OT Veldheer to Broncos
WR Hurns signs with Cowboys
Giants' Mauro suspended 4 games
Pats lend plane to Florida victims
Report: Dolphins will sign QB Osweiler
Eagles DE Bennett charged with felony
WR Terrelle Pryor to land with Jets
Why Buy Picks From
NFL Pro Football Handicapper Sports Picks Records Gold Membership
Money Leaders
Handicapper Money
Pat Hawkins + 2145
Gary Bart + 1530
Paul Bovi + 1386
Last Week's Leaders
Handicapper Money
Mark Franco + 200
Hank Goldberg + 200
Bill Marzano + 191
Percentage Leaders
Handicapper Pct
Zack Cimini 62 %
Pat Hawkins 59 %
KellyInVegas 59 %
Guaranteed Leaders
Handicapper Money
Michael Black + 1557
Scott Rickenbach + 1469
Paul Bovi + 987
Over-Under Leaders
Handicapper Money
NeiltheGreek + 668
Stephen Nover + 563
Vince Akins + 532
Member Leaders
Handicapper Money
Bill Marzano + 531
Jimmy Boyd + 420
Dave Cokin + 400
corner graphic
With a VI Gold Membership, you can SAVE 20% off Daily Pick packages, SAVE 10% off a Live Odds Pro subscription, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership