GREEN BAY, Wis. (AP) — The Green Bay Packers reported a profit of just $724,000 in their latest fiscal year, which included their second straight season without a playoff appearance, a large contract extension for quarterback Aaron Rodgers and change in head coach from Mike McCarthy to Matt LaFleur.
Green Bay’s profit in the year ending March 31 was down 97.9% from $34.1 million in the year ending March 2018 and more than 99% from the record $75 million in the previous fiscal year.
“From a financial standpoint, it was a unique year for the Packers,” Packers President Mark Murphy said Friday.
Expenses rose from $420.9 million to $477.2 million, boosted by Rodgers’ $134 million, four-year deal and the contracts for several free agents: outside linebackers Za’Darius Smith and Preston Smith, safety Adrian Amos and guard Billy Turner.
“We were a little more aggressive than we’ve been in a number of years,” Murphy said.
While overall revenue increased 5.1% to $477.9 million, local revenue improved by only 2.3%, hurt by consecutive losing seasons that impacted Pro Shop visits and tours of Lambeau Field and the Packers Hall…