Tuesday, March 8, 2011

NFLPA Retains Bank For POSSIBLE Review of NFL's Books

According to SI.com, the NFLPA has retained the services of a bank to help review financial documents the NFL might release in the ongoing labor negotiations.

All along, the NFLPA has said that the NFL taking needs to open its books if it wants to start to justify its request for an additional $1 billion off the top for operating expenses before splitting revenue with the players.

What does this mean? Unclear. Given the NFL's adamant position that it will not open its books, this move may have been done by the PA as a matter of course. On the flip side, we don't know what's been said in negotiations, so maybe the NFL may be considering agreeing to some type of financial inspection.

Overall, NFLPA Exec Committee Scott Fujita's comments suggest that, as a starting point, the bank may educate and inform the NFLPA as to what financial information it should look for.

Peter King of SI thinks the NFL may open up its books.

So nothing concrete at this point.

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