MADISON, Wis. -- The Green Bay Packers have put together another record financial year.
Team officials announced Tuesday they took in a record $308.1 million in total revenue over the last fiscal year, up 2 per cent from 2012. The team also generated a record $54.3 million in profit, up 26.4 per cent, and a record $43.1 million in net income.
The Packers also cut their expenses by 2 per cent, from $259 million in 2012 to $253.8 million. Team President Mark Murphy says a $19 million reduction in player costs played a huge role in shrinking expenses.
Murphy said the team's numbers didn't include the big contract extensions quarterback Aaron Rodgers and linebacker Clay Matthews signed in April. Those deals will count toward next year's figures.