Aaron Kuriloff of Bloomberg News reports NFL teams can make debt payments on stadiums for as long as two years even if a work stoppage prevents games in that time, Standard & Poor’s said. The stadiums housing the U.S.’s most-watched television sport are protected by reserve funds and contractually obligated revenue, the rating agency said in a report on the possible credit effects of a strike or lockout. “We believe that each project has sufficient resources to fund its fixed obligations for at least one year if there are no games played in the 2011 and 2012 seasons -- in some cases up to two years,†S&P analyst Jodi Hecht wrote in the report. The NFL’s existing collective bargaining agreement is key in maintaining the league’s financial stability, the report said. Particularly important is the player salary ceiling, which controls the teams’ primary expense. “We believe that the current NFL CBA, along with the league’s constitution and bylaws, provides the league a level of cash flow stability not typical in other corporate entities,†the report said. “This is the primary reason that Standard & Poor’s views the league’s business risk favorably.†Source: Bloomberg.com
Pretty sure it says that the NFL/Owners have enough money in the bank to pay their mortgage/other expenses during a lock-out.
That's sick that thwy ccan pay for this nd yet do not want to open the books and share a bit more with the players that help make this possible
