Packers profits down 98% last year

Mike Clemens
July 14, 2019 - 12:17 pm

© Jeff Hanisch-USA TODAY Sports

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Green Bay, WI - Making several changes in 2018, and missing the playoffs for a second year in a row, proved to be costly for the Green Bay Packers organization. 

The Packers reported a profit of just $724,000 in their latest fiscal year, which included their second straight season without a playoff appearance, a large $134 million contract extension for quarterback Aaron Rodgers and change in head coach from Mike McCarthy to Matt LaFleur.

There were severance payments for about a dozen former McCarthy assistant coaches and new salaries for LaFleur's staff of 24 coaches.

Adding four high priced free agents to the roster in March also added to the expenses. 

Green Bay’s profit for 2018 was down 97.9% from $34.1 million, and more than 99% from the record $75 million in the previous fiscal year.

“From a financial standpoint, it was a 'unique' year for the Packers,” said Packers President Mark Murphy. READ MORE

 

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