Topic: Expenses increased dramatically because the Packers

When it comes to the ability of a business to earn money … rsey-cheap , the impact of earnings can be viewed in multiple ways.For the Packers, for example, the notion that the team had record revenues in its most recent fiscal year is balanced by the reality that, as explained by the , profits dropped by 97.9 percent.But profits dropped because expenses increased, dramatically.  during their most recent fiscal year, paid out gigantic money to re-sign quarterback Aaron Rodgers and to sign linebacker Za'Darius Smith, linebacker Preston Smith, safety Adrian Amos, and guard Billy Smith.The Packers dished out many millions in signing bonuses to Rodgers and the newcomers during the 12-month window ending on March 31, 2019. The new guys got $56 million collectively; Rodgers got $57.5 million on his own.It’s easier for the Packers to shrug at a slim profit given that they don’t have an owner who hopes to siphon off cash for the purposes of buying superyachts or rare guitars. CEO Mark Murphy characterized that dynamic somewhat differently.“We don’t have a rich, deep-pocketed owner, so we have a $400 million corporate reserve Will Harris Jersey ,” Murphy said via the . “Three or four years ago, we put $50 million into the corporate reserve. It’s grown since then with investment returns, and we’ve made significant investments in real estate around this area.”Putting $50 million into corporate reserve is another way of saying, “We consciously chose not to spend that money on making the team better.” And this continues to be perhaps the most glaring aspect of the labor deal that the NFL Players Association needs to address in talks that are scheduled to resume this week.Currently, individual teams are required to spend only 89 percent of the salary cap, on a four-year rolling average. This means that 11 cents of every cap dollar can be retained by a team as pure, raw profit.Think about the teams that are carrying huge amounts of cap space. Some fans cheer about the existence of a major surplus, but that’s money that could have been spent on players. Instead, it counts as profit.Indeed, it Ted Thompson were still the G.M. in Green Bay, the Packers likely would have had profits of more than $50 million in their most recent fiscal year, because big money wouldn’t have been spent on four expensive free agents.The real message is that the Packers can keep spending major amounts of money. After all, the Packers spent like never before and also struggled through another disappointing season, . Which means they didn’t have to even touch that $400 million reserve to make ends meet.While the article that has landed in newspapers and websites throughout the country focuses on the dramatic drop in Packers profits … rsey-cheap , the news actually is very good for the Packers and the rest of the NFL. For all teams, revenue has grown to the point where even non-playoff teams can go on a massive, unprecedented spending spree and still end up with more cash in than cash out. BEREA, Ohio (AP) — Odell Beckham Jr.’s extended absence may have finally gotten to Browns coach Freddie Kitchens.After staunchly defending the superstar wide receiver’s decision to skip nearly all of Cleveland’s voluntary practices since joining the team, Kitchens had a different tone Thursday when asked about Beckham’s nonattendance.“I just want to see him,” Kitchens said when asked what he wants to see out of Beckham at next week’s mandatory minicamp.What did Beckham miss while away the past three weeks?“A lot,” Kitchens quipped. “The offense.”Beckham, who was acquired March 12 in a blockbuster trade from the New York Giants, skipped all but one day of Cleveland’s voluntary practices (OTAs) over the past month.Other than being at his introductory news conference on April 1 or his appearance two weeks ago at one of the 10 practice sessions, the 26-year-old Beckham has not been around.So while Kitchens installed a new offense and quarterback Baker Mayfield threw passes to second- and third-stringers — Jarvis Landry has been held out of workouts with an unspecified injury — Beckham has been training in Los Angeles, dressing for the Met Gala in New York, attending the Formula One race in Monaco and getting a customized, orange Rolls Royce.In the past, Kitchens defended Beckham’s decision … rsey-cheap , saying he was confident the three-time Pro Bowler receiver would stay in shape and be ready when the season starts.Kitchens may still feel that way, but given the chance he didn’t express those sentiments this time, perhaps to send a message to Beckham or set a tone for next week’s workouts.Beckham isn’t the only player who has missed practice, but he could have changed some of the outside perceptions about him being selfish by joining his new teammates and Kitchens, who has never been a head coach and is getting his first crack at the highest level.Running back Duke Johnson has missed the entire offseason program after requesting a trade.Kitchens said he expects Johnson to return next week.“It’s mandatory,” Kitchens said. “He should be here.”Wide receiver Antonio Callaway also missed Thursday’s practice along with safety Damarious Randall and tight end David Njoku.Kitchens is excited about having his full squad together soon.“It’ll be nice to have everybody here and get them some work and get everybody ready to compete during training camp when we’re going to start forming the Cleveland Browns,” Kitchens said.NOTES: Landry is not expected to practice next week, Kitchens said. Landry did not undergo any surgeries during the offseason and Kitchens said the decision to keep him out is “more precautionary than anything.” … Mayfield did not speak to reporters, but is expected to have a media session during his youth football camp Saturday at Mayfield High School in Mayfield Village, Ohio.