Jerry's money

[dogberry]

Is Green Bay the only team that publishes their financial statements?

 

[Yeagermeister]

Is Green Bay the only team that publishes their financial statements?

They are the only team that has stockholders instead of a private owner so yeah probably.

 

[sago1]

Also think Jerry makes a lot of money off of selling Cowboy stuff. Last time I checked the #1 selling jersey belonged to Romo; TO, Witten, MBIII & RWilliams also among top 20 in sales. All that money goes to Jerry cause he opted out of sharing monies with the other teams several years ago; he believed he could do a better job/make more money by relying on the Cowboys to sell Cowboy stuff vs the NFL.

 

[AsthmaField]

The largest chunk of revenue comes from the TV contract, I think. Then, there are many other places that the money comes from: Dr. Pepper, Pepsi, Papa John's, etc. all give a ton of $$ to Jerry. The stadium revenue, of course. NFL licensing (shirt's, hat's, etc.).

And probably a hundred other places that I can't even think of.

Mr. Jones rakes in some serious change, I have no doubt.

Plus, he likely is able to get all kinds of discounts on rooms, air-fare, food, etc.

 

[ABQCOWBOY]

None of the owners are going broke. Even the small revenue teams are doing very well. It costs a great deal of money to run a Pro Football team. Some of the things mentioned earlier are just the tip of the iceberg. Scouting, player development, staff, advertising, private jet, coaching and scouting salaries and all the things that go along with this stuff, such as benifits and insurance etc. This says nothing about what is needed to support the NFL offices and all that goes along with that whole thing. Even still, nobody is going broke. Owners don't sell there teams, they move to different cities so they can enjoy larger stadiums, which translate into more money. If you own a professional NFL team, your probably doing very well indeed.

 

[cobra]

Our franchise is the most valuable franchise in the NFL.

http://www.forbes.com/lists/2007/30/biz_07nfl_Dallas-Cowboys_300988.html

In the words of Forbes magazine:

The greatest owner in the history of the modern NFL is about to paint his masterpiece. Jerry Jones, who created the blue print for stadium economics after buying the Cowboys in 1989, is going to move into a new stadium in 2009 (the City of Arlington will own the stadium but the team will control the lease). With 80,000 seats and about 200 luxury suites (some of which will lease for more than $350,000 a season), the team's operating income could top $100 million. Not bad for a wildcatter who paid $140 million for a money losing team and stadium lease when oil was $10 a barrel and now owns the most valuable sports franchise in the world.

Jerry has plenty of money to afford all the expenses each season. And he likes to do things first class.

It's good to have such a great owner.

 

[LucaBrasi]

The tv contract brings in $3.7 billion dollars per year, which is divided evenly, I assume, between the 32 teams. That doesn't even take into account the $700 million Directv is shelling out to broadcast games.

 

[tskyler]

None of the owners are going broke. Even the small revenue teams are doing very well.... Owners don't sell there teams, they move to different cities so they can enjoy larger stadiums, which translate into more money. If you own a professional NFL team, your probably doing very well indeed.

Not neccesarily true. Mark Cuban says this... "The bottom line problem for current cap systems is that one teams financial success can have a significantly negative impact on the financial performance of another. Rather than enjoying the success of the new stadiums in the big markets, or the big local TV or advertising deals they sign, small markets are shell shocked by the annual increases in the cap they create. Increases that they can't possibly keep pace with. "

http://www.blogmaverick.com/2008/05/25/understanding-salary-caps-and-why-the-nfl-opted-out/

 

[dogberry]

Looks like Jerry will be in third place behind Real Madrid ($112 mil) and Manchester United $(111) in operating income per Cobra's Forbes link. I bet he'll try for #1.

 

[Verdict]

The Cowboys pay the NFL $200 million for the right to market their own merchandise and keep all the profits as opposed to sharing it equally with all teams. Common sense would indicate that Jerry is making more than that or he would not have cut that deal.

 

[ABQCOWBOY]

Not neccesarily true. Mark Cuban says this... "The bottom line problem for current cap systems is that one teams financial success can have a significantly negative impact on the financial performance of another. Rather than enjoying the success of the new stadiums in the big markets, or the big local TV or advertising deals they sign, small markets are shell shocked by the annual increases in the cap they create. Increases that they can't possibly keep pace with. "

http://www.blogmaverick.com/2008/05/25/understanding-salary-caps-and-why-the-nfl-opted-out/

The dynamics of the NBA are very different from that of the NFL. If this comment was directed at the NFL and it's franchises, then I would be very skeptical about his information and would certainly need more evidence to support his claims. At the end of the day, all you really need to do is look at the revenue numbers of the league, as a whole. That will tell you all you need to know about the health of the owners IMO.

 

[GimmeTheBall!]

If you look carefully you will see connections to people in Colombia, the Bahamas, Dubai and Myanmar.

 

[sonnyboy]

Watching Hard Knocks makes me think how does Jerry or any owner have enough money to pay for these players.

1. For starters, we have all of their large contracts. Thats at least 100 million a year in cap money.

2. Renting those rooms out for training camp would not come cheap. It appeared every player had their own room and they were nice. Minmum, 100 dollars a night per room. You have 80 players plus another 30 in coaches, trainers, equipment etc and your talking 110 rooms. Thats about 11,000 dollars a day. Roughly were spending about 2 weeks there and you have a grand total of about 145,000 dollars.

3. You have to feed these players and thats not going to come cheap. 110 players plus coaches etc, times 3 meals a day is alot. Say it costs 10 dollars per player, per meal. You have 3 meals a day, so we have a grand total of 30 per person. Thats another 3300 a day x 14 = 46,200.

4. Charting a team plane is not cheap.


Ok, were does Jerry make a profit from. Say you have 8 home games of 60000 paying customers. The avearge ticket is say 50 dollars. Thats only 3 million dollars. Were still about a 100 million short. I know you get money from TV and selling of merchandise. Does that really add up to being a 100 mil???? Where does all the money come from? To me it just doesnt add up.

There are many many things in life for all of us to worry about.
The one thing we will never ever ever EVER, have to worry about is Jerry Jones failing to turn a profit!

I'm not saying he's cheap. Far from it. He's all about doing things first class. He'll spend spend spend. But I can assure you that for every $9 he spends he's earning at least $10.

 

[sago1]

Don't forget that Jerry also owns the rights to one of the hottest QBs in the NFL who has managed (in just 1 1/2 years as a starter) to cross over from being just a sports jock to a tabloid centerfold & celebrity in his own right. And everywhere that Romo's name/picture appears the phrase Dallas Cowboy QB comes with it ensuring continued high volume sales of Cowboy merchandise, tickets to games where Cowboys are playing, etc.

Also remember that about 4-6 weeks ago there was a report that a big sports company was interested in signing Romo to a 5 year $10M contract to market sports clothes, etc., which would ensure Romo has the highest paid contract. Some of you even thought Jerry might/should try to reign in Romo's off field activities so he would concentrate more on football despite it obvious that Romo spends inordinate amount of time at VR. BTW: As Michael Irvin said, just try to imagine how hot Romo would be once he helps win our 6th Lombardi.

Point I'm making is the Cowboys are huge and there 13-3 season last year dispite playoff loss hasn't dimmed interest in them at all. Jerry agreed to Hard Rocks deal to gain even more attention to the Cowboys; again it's called marketing and ensures he can afford that new stadium which we all derive benefit/satisfaction from knowing is home of our Cowboys, antes up money to keep our players but also attracts FAs who want to play for a high profile team which is perceived as a winner, glamerous, etc.

BTW: No way at all am I saying that Jerry doesn't have the interests of the Dallas Cowboys first in his heart and mind. We are lucky he's the owner cause he moves just about everything he earns back into the Cowboys coffers, except for the money he must recoup to pay off those huge loans he got to finance the new stadium--probably about $750M & counting. In the end Jerry expects payback big time -- he desperately wants to win at least 1 or 2 more SB rings & finally he has the team which can do it.