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NFL Owners, Players Resume Mediation

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Old 05-16-2011, 03:28 PM   #1
firstdown
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Re: NFL Owners, Players Resume Mediation

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Originally Posted by Defensewins View Post
Can someone answer this: will the owners still get paid the TV money even if there are no games?
If so, a judge ought to deny the owners that money. That will help push the issue to get a CBA deal in place before September. Otherwise the owners have no incentive to get a deal done.
Yes, and if I'm correct that's one of the things they are fighting over now. I think the players are saying that they should get a % of that money.

Here you go.

Also pending is an order from U.S. District Judge David Doty on the fate of some $4 billion in broadcast revenue he previously ruled was unfairly secured by the NFL in the last round of contract extensions with the networks to use as leverage in the form of financial padding for the work stoppage. Even if a lockout prevents games from being televised, the league would still get paid.
The players have asked Doty to set that money aside in escrow and for hundreds of millions of dollars in damages, too.
The hearing in Doty's courtroom in Minneapolis last week was mostly lawyers arguing back and forth, but each side accused the other of "sandbagging" and neither sounded as if it's ready to concede any ground.
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Old 05-16-2011, 03:34 PM   #2
Defensewins
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Re: NFL Owners, Players Resume Mediation

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Yes, and if I'm correct that's one of the things they are fighting over now. I think the players are saying that they should get a % of that money.
If true the TV networks are idiots to agree to a deal that they pay the owners even if there are no games. The NFL owners are really spoiled.
I can not think of any other multi-billion dollar business where the owners still get paid with out producing a single thing. How is that possible?
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Old 05-16-2011, 03:55 PM   #3
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Re: NFL Owners, Players Resume Mediation

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Originally Posted by Defensewins View Post
If true the TV networks are idiots to agree to a deal that they pay the owners even if there are no games. The NFL owners are really spoiled.
I can not think of any other multi-billion dollar business where the owners still get paid with out producing a single thing. How is that possible?
Most of the money was upfront fees (sorta like paying for a year of Sirius upfront), or something like that, that the NFL would pay back if any games were actually missed.
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