07-23-2022, 02:35 AM
(07-22-2022, 01:09 PM)pally Wrote: Mike Brown is generally considered the 2nd poorest (relative term) NFL owner next to Mark Davis of the Raiders who shares ownership with his mother.
As we move into negotiations with the team's biggest stars, cash assets or the ability to access cash is paramount because of the escrow rules. It is unlikely that the Browns, despite their overall wealth, have the cash on hand to place hundreds of millions of dollars into an escrow account for multiple guaranteed contracts unlike owners like Haslam and Walton.
This offseason Mark Davis guaranteed...
$65.7m to Adams
$32m to C Jones
$21m to Renfrow
$65.3m to Carr
$53m to Crosby
Even "poor" NFL owners have money. The new TV deal is nearly $10.3 billion per year. That's not counting the expected $2-3 billion per year for Sunday Ticket. Also gambling money, revenue sharing, their share of local revenue (tickets of which even the worst team got $51m with the best getting $119m, merch, concessions, sponsors, partnerships), etc, etc, etc... the NFL generated a record $11b in national revenue alone last year, a record that beat even 2019 when the NFL had a total revenue of over $15b, which is only going to explode even further by multiple billions when the new TV deal starts next year.
Mike Brown doesn't need the fans pre-excusing his bank account.
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