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An HDTV-quality picture of the financial situation
An HDTV-quality picture of the financial situation
The owners say they're not making enough money to take the risks necessary to make the [link widoczny dla zalogowanych]league grow. So they want the players to credit them, apparently, $800 million — in addition to the $1 billion they already take off the top — before the rest of the money is divided 60-40 in favor of the players. The players are saying: We don't believe you. We think the league has done just fine on our backs. Prove to us you're hurting, and do what the NFL has never done: Pry open those books so we can get a good long look. That certainly strikes a chord in a world where CEO is a four-letter word, and where those owners just lost in Doty's court for striking some sketchy-looking TV deals loaded with lockout insurance.
The NFL,[link widoczny dla zalogowanych], in turn, has opened its books wider than it ever has for players, and insists that the Players Assn. has more than enough information to get an HDTV-quality picture of the financial situation. Those players know to the penny teams' biggest expense — the [link widoczny dla zalogowanych] cost of players themselves — and they know the revenues. What they don't know is how much Owner X pays his son for twiddling his thumbs, or how many times Owner Y uses the team jet to fly his family to Hawaii. Yes, there's potential embarrassment in line-by-line expense disclosure. Just ask the McCourts.
But what's at the heart of this argument? Can owners really solve things by releasing every gory detail? Will players agree to everything once they see those spreadsheets? Of course not. The union wants to see those financials, but this is also about [link widoczny dla zalogowanych] leverage. The owners want to maintain their privacy — and there's a good argument for that — and the players know that it's a weakness in the NFL's case. Privacy will come at a price, and that likely will further chip away at that $800-million demand.
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