NFL owners facing financial shortfall
Posted by GameSetMatch on February 4th, 2010
Baltimore Ravens owner Steve Bisciotti said Wednesday that several NFL owners are facing a financial shortfall that could create “long-term problems for the league” and ultimately result in a lockout.
As the Ravens prepare for a 2010 season without a salary cap, Bisciotti hinted the NFL could shut down in March 2011 if concessions aren’t made by the players union in negotiations for a new collective bargaining agreement.
Speaking at a news conference in which team officials looked back at last season and ahead to 2010, Bisciotti insisted many of the 32 NFL teams are struggling to finish in the black.
“I’ve got partners out there right now whose teams are making less money than their linebackers. I think we’ve got an acute problem here with the general profitability of the teams,” Bisciotti said. “We always knew this was not a big cash-flow business, but when you’ve got guys like Jacksonville tarping up 10,000 seats to stop blackouts, when you’ve got teams that are voluntarily staying at the minimum of what they have to spend on the salary cap in order to not go upside down financially, then we already have a structural problem.”
Click here to read the full article – By Associated Press of ESPN.com
