Source: Owners, players discussing almost 50/50 revenue split
- Associated Press
- Published: June 21, 2011 at 02:48 p.m.
- Updated: June 21, 2011 at 03:43 p.m.
- www.nfl.com/news/story/09000d5d8206a9b6/printable/source-owners-players-discussing-almost-5050-revenue-split" target="_blank">Print
ROSEMONT, Ill. -- NFL owners and players are discussing a straight split of income in the next collective bargaining agreement that would net the players just under 50 percent of total revenues.
A person familiar with the negotiations told The Associated Press the players' share would approach the 50 percent the NFL Players Association has said it has received throughout the past decade. But the expense credits -- about $1 billion last year -- that the league takes off the top would disappear.
The person spoke on condition of anonymity because the negotiations are supposed to be confidential. The owners are holding a special meeting Tuesday to discuss proposals made in recent negotiations with the players.
The key topic in these negotiations is unquestionably how to split revenues in the
future. The NFL is a $9.3 billion industry, with projections such revenues will increase substantially soon when broadcast contracts come up for renewal. For the 2010 season, the NFL set TV ratings records.
Although no teams are claiming they aren't profitable, they say their profit margins are shrinking rapidly. Many franchises have heavy debts from stadium constructions, too. So the owners have sought an additional $1 billion of league income before sharing with the players; the league already gets more than $1 billion off the top.
Those expense credits have been a major sticking point, though both sides recently have made some movement toward compromise. How much compromise is needed for labor peace is a key topic being discussed Tuesday.
Copyright 2011 by The Associated Press