Packers profit drops 98% to $724,000, hurt by losing

AP
Published 4:55 p.m. ET July 12, 2019

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…

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