SalaryCap to Increase by $2M more in '16: Arbitrator orders NFL to return $100M-plus withheld from players

[Gas2No99]

Arbitrator orders NFL to return $100M-plus withheld from players

ESPN.COM News Services 1:23AM

An arbitrator's ruling last week related to the shared revenue pool the NFL splits with its players is expected to result in the 2016 salary cap increasing by $2 million per team, up from $10 million as set in December, sources told ESPN NFL Insider Adam Schefter.

The cap, originally expected to be approximately $154 million per team, is now expected to be closer to $156 million after arbitrator Stephen Burbank ordered the league to return what the NFL Players Association calculates to be more than $100 million to the pool of revenue that goes to players, as reported Monday by The Wall Street Journal.

According to the arbitrator's ruling, the NFL will have to return the withheld money, which it amassed over the past three years, to the shared revenue pool immediately, and that will result in the cap increasing by up to $2 million per team in 2016.

NFLPA's DeMaurice Smith on an arbitrator ordering the NFL to return millions in withheld shared revenue from players: "They created an exemption out of a fiction and they got caught." Matthew Emmons-USA TODAY Sports

The ruling in favor of the NFLPA, which filed a grievance on the discrepancy in January, found that team owners had mischaracterized a ticket-sale revenue exemption that had the effect of keeping about $50 million in salary out of players' pockets, according to the Journal.

"They created an exemption out of a fiction, and they got caught," NFLPA executive director DeMaurice Smith told the Journal.

To the Journal, NFL spokesman Brian McCarthy characterized the ruling as the resolution of a "technical accounting issue under the CBA, involving the funding of stadium construction and renovation projects," but he wouldn't specify the exact amount going to players.

In December, league officials informed teams at the end-of-season owners meetings that the salary cap for next season would be between $150 million and $153.4 million. That number got another bump last week, with the NFL Network reporting that the cap was expected to increase to at least approximately $154 million for 2016.

The 2015 salary cap was $143.28 million. There are currently three teams that would be over a $150 million salary cap for next season: the Miami Dolphins, the New Orleans Saints and the Buffalo Bills.

*************

So two of our Division Rivals - Bills & Fins - DIRECTLY benefit from this Cap Bump and are alleviated from some serious last-minute salary slashing and contracts restructures. 

[SenorGato]

Whoa!!! A whole $2 million??!?! So kind of the owners and the arbitrator they hired! May this grand gesture of their inexhaustible generosity be remembered and praise for all eternity! 

I think at least one of these owners deserves a new stadium for this. 

[32EBoozer]

Getting a $13m bump is pretty significant over last year.

Sign Mo and Snacks(trade them if you like, but get them under contract first) and go get some depth before the draft.

Jets should have over $20 mil to play with.

[hawk]

7 hours ago, SenorGato said:

Whoa!!! A whole $2 million??!?! So kind of the owners and the arbitrator they hired! May this grand gesture of their inexhaustible generosity be remembered and praise for all eternity! 

I think at least one of these owners deserves a new stadium for this. 

$2 Million per team.

[Jetsfan80]

7 hours ago, SenorGato said:

Whoa!!! A whole $2 million??!?! So kind of the owners and the arbitrator they hired! May this grand gesture of their inexhaustible generosity be remembered and praise for all eternity! 

I think at least one of these owners deserves a new stadium for this. 

Jeez, its almost like you think the owners are greedy or something.  How dare you question their philanthropy?

[Jetsfan80]

11 minutes ago, hawk said:

$2 Million per team.

Which represents 0.1 % of the value of an average NFL franchise (about $2 billion per Forbes).  Drop in the bucket.

[SenorGato]

18 minutes ago, hawk said:

$2 Million per team.

They went to arbitration for well over $100 million, and that's before LAThere are 32 teams.

The Rams ownership alone will get $400 ******* MILLION of public money for their new stadium in LA. 

[hawk]

31 minutes ago, SenorGato said:

They went to arbitration for well over $100 million, and that's before LAThere are 32 teams.

The Rams ownership alone will get $400 ******* MILLION of public money for their new stadium in LA. 

The headline says they have to return over $100 Million, and ticket exemption was only $50 Million.  The $2 Million per team is $64 Million.  Who knows what other restitution they need to make.  It's a short article.  

However, I was just responding to $2 Million that you said, and is significantly less than $64 Million as a whole.  Highly doubt the arbitrators cost that much.

[BigRy56]

Just more money for the Jets to sign their own players with. Mac could easily get around 35 mil in cap space with a couple of more cuts and a restructure here and there.

[southparkcpa]

1 hour ago, Jetsfan80 said:

Jeez, its almost like you think the owners are greedy or something.  How dare you question their philanthropy?

Fukkin Goodell made something like 30 million???  Ridiculous. 

[faba]

NFL is a cash machine keep rolling along with their tv and cable contracts

[Gas2No99]

2 hours ago, SenorGato said:

They went to arbitration for well over $100 million, and that's before LAThere are 32 teams.

The Rams ownership alone will get $400 ******* MILLION of public money for their new stadium in LA. 

Think before you type.

Ignorance is such a dangerous and misleading tool to promote Agenda & Propaganda. Link:

Owner Stan Kroenke is developing a nearly $3 billion facility for the team in Inglewood, California, the Los Angeles Times reported. When the stadium is completed in 2019, it will be only the second NFLstadium built in the last 20 years solely through private funding. (The other is the MetLife Stadium in New Jersey.) Until then, the team will play at the L.A. Memorial Coliseum.

 

City funding is for INFRASTRUCTURE IMPROVEMENT:

the development plan for the sports complex build “includes two paragraphs of how Inglewood would eventually reimburse the project for the costs of roadwork, utility work and public parks on the nearly 300-acre site … [estimated at $60 million]. The city would also reimburse costs of security, medical services and shuttles to off-site parking during stadium events … at about $8 million a year.”

[SenorGato]

That reads pretty and all, but they're looking at up to $100m in tax breaks, $60 million in reimbursements up front plus whatever long term issues there, $8+ million a year in reimbursements for transport and services....Plus there's $280 million, in 1995 dollars, of public funding in that St. Louis stadium they just left. Somehow this is considered a less evil than usual deal, when really its just they get to leech off one of the three major entertainment markets (zero coincidence the "privately" funded stadiums are for NY and LA teams).

[RutgersJetFan]

2 hours ago, Gas2No99 said:

Think before you type.

Ignorance is such a dangerous and misleading tool to promote Agenda & Propaganda. Link:

Owner Stan Kroenke is developing a nearly $3 billion facility for the team in Inglewood, California, the Los Angeles Times reported. When the stadium is completed in 2019, it will be only the second NFLstadium built in the last 20 years solely through private funding. (The other is the MetLife Stadium in New Jersey.) Until then, the team will play at the L.A. Memorial Coliseum.

 

City funding is for INFRASTRUCTURE IMPROVEMENT:

the development plan for the sports complex build “includes two paragraphs of how Inglewood would eventually reimburse the project for the costs of roadwork, utility work and public parks on the nearly 300-acre site … [estimated at $60 million]. The city would also reimburse costs of security, medical services and shuttles to off-site parking during stadium events … at about $8 million a year.”

Plus they're not forcibly pulling a bunch of poor people out of their homes and knocking down their property so they can build a pretty stadium on a hill. This is progress for LA.

[Gas2No99]

2 hours ago, SenorGato said:

That reads pretty and all, but they're looking at up to $100m in tax breaks,

For a $3Billion Investment, $100M in tax breaks is a mere 3% discount. That's nothing: Municipalities (City Govt.) discount Banks upto 2% all the time for paying Mortgaged Property Taxes a mere 4 weeks early. Typical Net 10, 15, 30 Trade Credits of Commercial transactions. City benefits for getting $$ earlier. 

 

2 hours ago, SenorGato said: "$60 million in reimbursements up front plus whatever long term issues there, $8+ million a year in reimbursements for transport and services..."

Once again, the CITY BENEFITS from the out of pocket Infrastructure improvements made/PAID NOW by a PRIVATE INVESTOR as compared to TAXPAYERS having to PAY NOW for quality of life improvements which would raise their PRESENT TAX $$$. With TMV, they are actually paying for improvements to their city LATER at a time when the American Dollar will be CHEAPER as opposed to the INVESTOR who is paying MORE because of the higher purchasing power of the $.

2 hours ago, SenorGato said: "Plus there's $280 million, in 1995 dollars, of public funding in that St. Louis stadium they just left. Somehow this is considered a less evil than usual deal, when really its just they get to leech off one of the three major entertainment markets (zero coincidence the "privately" funded stadiums are for NY and LA teams)."

Once again, that was $$$ the Tax Payers of St. Louis DECIDED (voter referendum in 1990) to spend in order to "LURE" an NFL team back to St. Louis: "The stadium, previously known as the Trans World Dome from 1995 to 2001, was constructed largely to lure an NFL team back to St. Louis and to serve as a convention center."

The $280M spent by '95 for construction(TVM~$435M in 2016 $$$s)  has already been depreciated (for argument sake) at a $14M StraightLine amount over that time (20yrs) and only created a $6M/year debt cost for REPAYMENT & upkeep. The Rams, alone, created $4.2M/year in TaxRevenue to contribute to the $6M/yr Debt Bill City needs- that's 2/3rds of the total cost - and that's NOT INCLUDING the $23MILLION/year in TAX Revenue St. Louis makes off CONVENTIONS held at EdwardJones Stadium NOR the $12M the State contributes for Debt&Maintenance NOR the $6M the COUNTY MATCHES the city of St.Louis for D&M. This is also NOT including the $ the city gets in TaxRevenue from Concerts also held at the venue. Link.

So save the Bull$hit SOB story that St.Louis and it's poor poor Tax payers got hosed. The Stadium MORE THAN COVERED its debt cost over the last 20 years the Rams were lured in and the CITY FAILED to adequately negotiate better terms for defining a "Top Tier" Stadium. 

So you are plainly wrong in trying to make St.Louis a victim here for being left with the EdJonesDome and the Rams as the bad guys who "just left." The NEW stadium would most likely have hosed the Taxpayers, but the CURRENT one has not at all. Kroenke made a business decision, plain & simple. 

 

[SenorGato]

I'm not going to pick through all that, it would take a sh*t ton of words, but if your argument is that these stadiums and the owners being gifted them aren't ******* taxpayers then let's just say we disagree. If you're opening up by explaining it's OK because banks do it too, we are just not going to see eye to eye no matter how many words are in bolded, italicized, and capitalized. 

I mean seriously....the first excuse is the banks do it, and the next one is built around imaginary quality of life improvements (totally what inviting more traffic in LA is) and a delayed rather than immediate tax hike (yay?)....I can only boooooo.

[Gas2No99]

9 hours ago, SenorGato said:

I'm not going to pick through all that, it would take a sh*t ton of words, but if your argument is that these stadiums and the owners being gifted them aren't ******* taxpayers then let's just say we disagree. If you're opening up by explaining it's OK because banks do it too, we are just not going to see eye to eye no matter how many words are in bolded, italicized, and capitalized. 

I mean seriously....the first excuse is the banks do it, and the next one is built around imaginary quality of life improvements (totally what inviting more traffic in LA is) and a delayed rather than immediate tax hike (yay?)....I can only boooooo.

WOW!!!! The ineptitude is REALLY rather self evident here. Too lazy to read and merely assumes points in order to reply.

Just don't type posts and blank statements your brain can't cash on a discussion forum. 

Here's a free tip so you won't be as delusional as your SigPic Kirk Lazarus:

[SenorGato]

Yeah, you're a little nuts even for my tastes. Your formatting sucks and you linked Wikipedia, not sure what you expected out of that. Even then, I think I hit the major stuff quickly. I could go poin by point - for instance you seem to believe state and county money going into the Edward Jones Stadium instead of just St. Louis' money is some kind of saintly gesture by the Rams' ownership. That is the tip of the iceberg. It's really just all round not worth responding fully to. I do thank you for correcting the $400 million thing for LA.

[JETSfaninNE]

Official numbers are out 12 Million more than last year.

Tom Pelissero ‏@TomPelissero  6m6 minutes ago
The NFL and NFLPA have finalized a 2016 salary cap of a $155.27 million per team, per sources.

[joewilly12]

The answer to the most asked question pertaining to the Jets finally has an answer. When the new league year begins, the team will, officially, have $23,195,256 in spending money. That figure officially becomes official with the news breaking, according to Tom Pelissero of USA TODAY Sports, that the league’s salary cap will be $155.27 million. The figure represents roughly a $12 million increase from the 2015 season. For the Jets, that $23 million and change will likely be used on some of their own free agents. As things stand right now, New York has 20 of its own whose contracts are set to expire. Among those 20 are players that played quite big roles on New York’s 10-6 campaign a season ago. ...

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