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<blockquote data-quote="GreenGoldAngel" data-source="post: 301553" data-attributes="member: 3216">In the team's latest financial report, a preview&nbsp; of which was released to the media this week, the Packers' operating&nbsp; profit for the 2010 fiscal year (ending March 31, 2010), was $9.8&nbsp; million, down from $20.1 million the year prior. The primary reason for&nbsp; the decline, despite a $10.1 million increase in overall revenue, was a&nbsp; $22.1 million jump in player costs, which increased 15.9 percent from&nbsp; $138.7 million to $160.8 million. It marked the third consecutive year&nbsp; that operating profits declined, from $34.2 million (2007) to $21.4&nbsp; million (2008) to $20.1 million (2009) to $9.8 million (2010).


&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; [ATTACH=full]8750[/ATTACH]Jeff Hanisch/US PresswireAaron&nbsp; Rodgers and the Packers were the latest team that voted to decertify&nbsp; the NFLPA in the event that the union and the NFL can't reach an&nbsp; agreement on a new collective bargaining agreement.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.nj.com%2Fgiants%2Findex.ssf%2F2010%2F10%2Fnflpa_executive_director_says_1.html%23modg_smoref_face&amp;t=NFLPA%20executive%20director%20says%20NFL%20gearing%20up%20for%202011%20lockout%20%7C%20NJ.com&amp;src=sp" target="_blank">10Share</a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 
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&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href="http://www.nj.com/giants/index.ssf/2010/10/nflpa_executive_director_says_1.html#comments" target="_blank">http://www.nj.com/giants/index.ssf/2010/10/nflpa_executive_director_says_1.html#comments</a> 7 Comments&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 
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&nbsp; GREEN BAY, Wis. -- NFL Players Association executive director&nbsp; DeMaurice Smith sees new signs that owners are preparing for a&nbsp; football-free 2011.
&nbsp; With support from Packers quarterback Aaron Rodgers, he asked fans to take the players' side.
&nbsp; Speaking at a tailgate-style fan luncheon a few blocks from Lambeau&nbsp; Field on Tuesday, Smith referred to a recent Sports Business Journal&nbsp; report that said the NFL is requiring banks that lend money to its teams&nbsp; to extend grace periods for loan defaults through the end of the 2011&nbsp; season in the event of a lockout.
&nbsp; &quot;That to me is a step where the owners are protecting themselves in the event that there is no season,&quot; Smith said.
&nbsp; Smith said that move, along with provisions in television deals that&nbsp; provide for some payments even if there is a lockout, are evidence that&nbsp; owners are planning for the possibility that there won't be a season in&nbsp; 2011.
&nbsp; NFL spokesman Greg Aiello noted that the players are going through the </blockquote>

[QUOTE="GreenGoldAngel, post: 301553, member: 3216"] [INDENT]In the team's latest financial report, a preview of which was released to the media this week, the Packers' operating profit for the 2010 fiscal year (ending March 31, 2010), was $9.8 million, down from $20.1 million the year prior. The primary reason for the decline, despite a $10.1 million increase in overall revenue, was a $22.1 million jump in player costs, which increased 15.9 percent from $138.7 million to $160.8 million. It marked the third consecutive year that operating profits declined, from $34.2 million (2007) to $21.4 million (2008) to $20.1 million (2009) to $9.8 million (2010). [ATTACH=full]8750[/ATTACH]Jeff Hanisch/US PresswireAaron Rodgers and the Packers were the latest team that voted to decertify the NFLPA in the event that the union and the NFL can't reach an agreement on a new collective bargaining agreement. [URL="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.nj.com%2Fgiants%2Findex.ssf%2F2010%2F10%2Fnflpa_executive_director_says_1.html%23modg_smoref_face&t=NFLPA%20executive%20director%20says%20NFL%20gearing%20up%20for%202011%20lockout%20%7C%20NJ.com&src=sp"]10Share[/URL] [URL="http://www.nj.com/giants/index.ssf/2010/10/nflpa_executive_director_says_1.html#comments"][/URL] 7 Comments GREEN BAY, Wis. -- NFL Players Association executive director DeMaurice Smith sees new signs that owners are preparing for a football-free 2011. With support from Packers quarterback Aaron Rodgers, he asked fans to take the players' side. Speaking at a tailgate-style fan luncheon a few blocks from Lambeau Field on Tuesday, Smith referred to a recent Sports Business Journal report that said the NFL is requiring banks that lend money to its teams to extend grace periods for loan defaults through the end of the 2011 season in the event of a lockout. "That to me is a step where the owners are protecting themselves in the event that there is no season," Smith said. Smith said that move, along with provisions in television deals that provide for some payments even if there is a lockout, are evidence that owners are planning for the possibility that there won't be a season in 2011. NFL spokesman Greg Aiello noted that the players are going through the [/INDENT] [/QUOTE]

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