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Green Bay Packers experience record profits

The Green Bay Packers are the only publicly owned NFL team, and thus are the only franchise in the league to release financial statements.

The annual announcement provides a window into the financial health of the NFL. It's safe to say things look very healthy.

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Profit jumped 26.4 percent to a record $54.3 million, with total revenue rising 2 percent to $308.1 million. Both numbers are franchise records.

"Another strong year on the field," president Mark Murphy said, via The Associated Press. "Fourth year in a row to be in the playoffs, won two straight NFC North (Division) championships. That helps our finances."

Also helping out finances, according to Murphy: The new collective bargaining agreement.

"We are seeing the benefit of that in a number of ways," Murphy said, via the Milwaukee Journal Sentinel. "Just having the stability of a long-term labor agreement has allowed the league to enter into long-term contracts with our TV partners and long-term agreements with sponsors. Same thing for us."

Murphy notes that profits were a little higher because of the timing of contract extensions for linebacker Clay Matthews and quarterback Aaron Rodgers.

"If those had fallen in our fiscal year, our expenses would have been different. They will be in the next fiscal year," Murphy said. "Because of the timing issue, our profits are a little higher than they would be otherwise."

Then again, the Packers can expect a big new influx of revenue next season from their scheduled 7,000-seat addition to Lambeau Field. Capacity now will be more than 80,000.

Follow Gregg Rosenthal on Twitter @greggrosenthal.

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