Tags: FBN | NFL | Labor

Report: NFL Could Lose $1 Billion with Lockout

Wednesday, 13 Oct 2010 08:50 PM

 

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CHICAGO (AP) — The NFL reportedly could lose $1 billion if there is a lockout after the March 3 expiration of the collective bargaining agreement — even if the entire 2011 season is played.

The Wall Street Journal reported the figure Wednesday, citing unidentified senior NFL officials familiar with information presented to the 32 team owners at the league's meeting in Chicago.

The paper said the NFL could lose $400 million in March alone, when many season tickets are renewed, and another $500 million if preseason games are canceled next summer because of labor unrest.

The NFL officials also told the Journal that each team could expect to lose about $8 million for every canceled home game.

The owners opted out of the collective bargaining agreement with the players in 2008.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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