8th Circuit Court Grants Stay, Lockout Continues

[NC_Skins]

Originally Posted by Dirtbag59

In short if the owners try to pull a fast one it would most likely be discovered by the auditors and corrected. Remember these aren't the accountants employed by the teams or the NFL. This would be done by an outside firm that would be putting it's reputation on the line in the interest of providing accurate financial reports.

You still aren't getting it. You obviously don't understand what a "audited" version of their books is, but they are basically offering a watered down version of their numbers that will not show any improper financial entries.

Something like this.

Revenue : $900 million
Player Cost: $285 million
Business Costs: $600 million
----------------------------------------------
Profit: 15 million

From this, you can't tell diddly squat about those "business expenses". You know that trip he took his private jet overseas with for a vacation? Yup, wrote it off as a "business trip" since he had a business meeting for 1 hour out of the 2 weeks he was there.

It's stuff like that are being hidden in "audited" numbers that the players want to see, and they have that right to see it if they are being asked to cut 1 billion from their payroll.


edit: D. Smith (and other players) have said they have gotten more information about the teams financial data from the Wall Street Journal reports than they have from the teams themselves. Again, I say open your books (unedited and unaudited) to a 3rd party and let them decide.