Tags: FBN | NFL | Labor

Report: NFL Could Lose $1 Billion with Lockout

Wednesday, 13 Oct 2010 08:50 PM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Seattle 'Garbage Police' Rummaging for Food, Revenue

Wednesday, 28 Jan 2015 19:49 PM

In an effort to shame residents into properly sorting their garbage, the city of Seattle plans to levy fines on noncompl . . .

Ala. Chief Justice: I Haven't Violated Ethics in Gay Marriage Letter

Wednesday, 28 Jan 2015 19:06 PM

Alabama Chief Justice Roy Moore says he did not violate judicial ethics when he wrote a letter to Alabama Gov. Robert Be . . .

Rand Paul Restarts Fight to Ban Most Federal Asset Seizures

Wednesday, 28 Jan 2015 18:46 PM

The federal government would be stripped of its power to seize cash and property from people not charged with a crime un . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved