Haha I thought this was hillarious. They may be so far under the cap that they are punished for it! This is one year after they had all those crazy cuts to save space. AND they STILL won't give JWalker any more money!!! What a terrible organization this is turning into!
per kffl.com
Packers | Favre's retirement could make team spend money
Tue, 11 Apr 2006 18:31:26 -0700
ESPN.com's John Clayton reports Green Bay Packers QB Brett Favre's retirement could be a financial disaster, but in a different kind of way for the team. With his $3 million roster bonus and $7 million in salary, Favre would make $10 million this year if he plays. The Packers would save $10 million of cash if he doesn't, but that's not necessarily a good thing. The Packers have a payroll of around $76 million, but that doesn't include draft choices or any other free agent signings. Not having Favre would take the payroll down to $66 million. With the new collective bargaining agreement, teams must have a minimum cash payroll of $85.5 million, meaning the Packers would have to spend $19.5 million just to make the minimum. With the players remaining as free agents, the Packers would be hard pressed to spend the money they would need to.
per kffl.com
Packers | Favre's retirement could make team spend money
Tue, 11 Apr 2006 18:31:26 -0700
ESPN.com's John Clayton reports Green Bay Packers QB Brett Favre's retirement could be a financial disaster, but in a different kind of way for the team. With his $3 million roster bonus and $7 million in salary, Favre would make $10 million this year if he plays. The Packers would save $10 million of cash if he doesn't, but that's not necessarily a good thing. The Packers have a payroll of around $76 million, but that doesn't include draft choices or any other free agent signings. Not having Favre would take the payroll down to $66 million. With the new collective bargaining agreement, teams must have a minimum cash payroll of $85.5 million, meaning the Packers would have to spend $19.5 million just to make the minimum. With the players remaining as free agents, the Packers would be hard pressed to spend the money they would need to.