Comments on: Bedard Is Spot On http://cheeseheadtv.com/blog/bedard-is-spot-on Devoted To Fans of the Green Bay Packers. Wed, 17 Mar 2010 03:05:07 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Ron La Canne http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9535 Ron La Canne Mon, 29 Jun 2009 18:10:03 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9535 Net Profit was $4 million down from $27 million in 2007. Much of the loss was in Investments. A decline in Reatained Earnings of this magnitude will impede the signing of FA's and pre-signing veterans. The Packers rely on Retained Earnings as a souce of Cash for special items. Net Profit was $4 million down from $27 million in 2007. Much of the loss was in Investments. A decline in Reatained Earnings of this magnitude will impede the signing of FA’s and pre-signing veterans. The Packers rely on Retained Earnings as a souce of Cash for special items.

]]> By: Graham http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9532 Graham Mon, 29 Jun 2009 12:36:50 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9532 We get it, it was a stupid article. So dont read the guy anymore! While I agree he should have maybe put in some more research into it....who cares and move on. We get it, it was a stupid article. So dont read the guy anymore! While I agree he should have maybe put in some more research into it….who cares and move on.

]]> By: Ron La Canne http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9522 Ron La Canne Sat, 27 Jun 2009 19:58:54 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9522 A few qwotes from NumbNuts source article: "It's a real concern that our player costs continue to grow at a rate much higher than our revenue's growing,'' Packers president and chief executive Mark Murphy said. "It's not sustainable, and it's the reason we opted out of the collective bargaining agreement.'' +++++++++++++++++++++++++++++++++++++++++++++++++ Operating Profit doesn't equal Net Profit. Special Items like a mandatory set aside for Lambeau Field Contstruction, Federal Taxes (not sxempt as a Non-Profit, only State), and Other Significant Expendatures not related to operations. ++++++++++++++++++++++++++++++++++++++ "Expenses were up 4 percent to $227.8 million. That includes $138.7 million in player costs, an increase of almost 11 percent from the previous year." +++++++++++++++++++++++++++++++++++++++++++++ Total cost up only 4% - Player costs up 11%. I guess that means they cut expenses in areas other than players. Moron! +++++++++++++++++++++++++++++++++++++++ As fans we may argue if the 11% increase was spent wisely, but that increase blows his stupid premise all to hell. In addition player salaries for other teams are often funded above the limits pf team revenue by the "Sugar Daddy" owners. The Packers have to pay out of football revenue only. Hence the need to manage the Cash Outflow judiciously. I hate Sports Reporters! Idiots one and all. A few qwotes from NumbNuts source article:

“It’s a real concern that our player costs continue to grow at a rate much higher than our revenue’s growing,” Packers president and chief executive Mark Murphy said. “It’s not sustainable, and it’s the reason we opted out of the collective bargaining agreement.”

+++++++++++++++++++++++++++++++++++++++++++++++++

Operating Profit doesn’t equal Net Profit. Special Items like a mandatory set aside for Lambeau Field Contstruction, Federal Taxes (not sxempt as a Non-Profit, only State), and Other Significant Expendatures not related to operations.

++++++++++++++++++++++++++++++++++++++

“Expenses were up 4 percent to $227.8 million. That includes $138.7 million in player costs, an increase of almost 11 percent from the previous year.”

+++++++++++++++++++++++++++++++++++++++++++++

Total cost up only 4% – Player costs up 11%. I guess that means they cut expenses in areas other than players. Moron!

+++++++++++++++++++++++++++++++++++++++

As fans we may argue if the 11% increase was spent wisely, but that increase blows his stupid premise all to hell.

In addition player salaries for other teams are often funded above the limits pf team revenue by the “Sugar Daddy” owners. The Packers have to pay out of football revenue only. Hence the need to manage the Cash Outflow judiciously.

I hate Sports Reporters! Idiots one and all.

]]> By: Brian Carriveau http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9518 Brian Carriveau Fri, 26 Jun 2009 22:50:24 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9518 That article from Tucker was one of the worst things I've read in a long time. He should issue an apology. That article from Tucker was one of the worst things I’ve read in a long time. He should issue an apology.

]]> By: packeraaron http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9516 packeraaron Fri, 26 Jun 2009 20:58:40 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9516 Jayme, he's actually an excellent read when he's talking about issues on the field. This article is really out of character for him. Jayme, he’s actually an excellent read when he’s talking about issues on the field. This article is really out of character for him.

]]> By: Jayme http://cheeseheadtv.com/blog/bedard-is-spot-on/comment-page-1#comment-9515 Jayme Fri, 26 Jun 2009 20:53:38 +0000 http://cheeseheadtv.com/blog/?p=2460#comment-9515 The irony is that Tucker's premise was completely wrong. He assumed that the Packers somehow failed to utilize their entire salary cap. While I understand that cap accounting and cash accounting are two completely different fields, the Packers used their entire cap last season. To say that they had to sign Rodgers and Jennings to mega contracts "in order to reach the mandated salary floor" is pure garbage. This guy just lost a ton of credibility. The irony is that Tucker’s premise was completely wrong. He assumed that the Packers somehow failed to utilize their entire salary cap. While I understand that cap accounting and cash accounting are two completely different fields, the Packers used their entire cap last season. To say that they had to sign Rodgers and Jennings to mega contracts “in order to reach the mandated salary floor” is pure garbage. This guy just lost a ton of credibility.

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