NYDailyNews.com
After discussing the issue of transparency of team financial records and their importance when it comes to labor talks between the owners and players union a few days ago on this site, some new information has been reported by Mike Freeman of CBSSports.com.
According to Freeman, some of the team owners are willing to completely open up their books for the players union. However, he reports there are still other owners that are refusing to go that far. Freeman’s opinion is that if the owners can all agree to open financial records to the union, a deal would get done quickly and it is hard to argue with him.
Since the labor negotiations have started, the NFLPA has continuously requested to see the owners financial numbers in order to verify that teams’ operation profits are decreasing. Owners have not been willing to do that, only giving the union a bottom line number of the entire league as a whole to show that profits are down.
According to a report by ProFootballTalk.com, both parties are still trying to split around $700 million per year. While it seems like a large number, it is progress considering the $9 billion pie that is being split. As we approach the end of the extended period that is Friday at 5:00 ET, much more agreement needs to take place in order to avoid litigation.
Original Story:
http://nflmocks.com/2011/03/10/report...
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