That PSL Cash Was Earmarked For Free Agency/ WTF?

[son of a vic]

Back in the late 90's, the PSL(that's stands for personal seat license for all you NASCAR fans) was stolen from Packer fans in the name of staying competitive. Correct me if I'm wrong, but shouldn't fans expect the team to be at or near the salary cap every year, considering the huge amount of money the Organization is sitting on?
Season ticket holders are getting screwed, but theys ain't gettin' kissed.Either use the money, or give it back to the people that got swindled and suckered into believing big free agent signings were going to happen on a yearly basis. Ted has got to get better at using the cash at his disposal, that was not given to the Packers to put in the bank.
If I was a season ticket holder, I would sell my tickets for every game to the highest bidder, and make as much money as I could, and put it in my bank. And I would do that every year they were drastically under the cap.

[Rastak]

Re: That PSL Cash Was Earmarked For Free Agency/ WTF?

Back in the late 90's, the PSL(that's stands for personal seat license for all you NASCAR fans) was stolen from Packer fans in the name of staying competitive. Correct me if I'm wrong, but shouldn't fans expect the team to be at or near the salary cap every year, cosidering the huge amount of money the Organization is sitting on?
Season ticket holders are getting screwed, but theys ain't gettin' kissed.Either use the money, or give it back to the peaople that got swindled and suckered into believing big free agent signings were going to happen on a yearly basis. Ted has got to get better at using the cash at his disposal, that was not given to the Packers to put in the bank.
If I was a season ticket holder, I would sell my tickets for every game to the highest bidder, and make as much money as I could, and put it in my bank. And I would do that every year they were drastically under the cap.

SOV, you funny guy.

I think it has nothing to do with free agency but more to do with a good product on the field. Be that free agency or draft or trades.

BTW, wasn't the PSL's in the 2000s and not the 1990s?

[son of a vic]

I'm pretty sure it was 98' or 99', but I could be mistaken. I do however vividly remember the Packer brass saying things like "in order to survive", to enable us to stay competitive, to resign or own players" Oh, like Ahman Green? What a load!

[RashanGary]

Then don't go to the games, it's that simple.

In two years when Favre is gone and Thompson still has a competitive, playoff caliber team in tact we can talk about this again. As for now, you have legitimacy because nobody knows what might happen. In a few years when history can do the talking, you will lose any relevance you think you have.

[Rastak]

I'm pretty sure it was 98' or 99', but I could be mistaken. I do however vividly remember the Packer brass saying things like "in order to survive", to enable us to stay competitive, to resign or own players" Oh, like Ahman Green? What a load!

I vividly remember people going apeshit because they had 10 seats and the Pack wanted (I'm totally guessing here) $2500 or so per ticket for the PSL



OUCH!!!!!!!!

As a Viking season ticket holder I may end up in the same boat.


As for the product, for Green Bay it was up and down...for my Vikes it was fairly bad. I'm being kind....

[MJZiggy]

The fact of the matter is that whether we like it or not, Brett Favre has long been a money maker for this team. When he retires, the team revenue will slip. Should we slide into another losing stretch, revenue will not drop off like it will with other teams, but licensing fees for apparel and other merchandise will not be what it is with the sale of Favre jerseys. Look at the stadium once and see what number the crowd is wearing. The seat licenses were never intended to pay for player acquisition in free agency. The were supposed to help the team financially in economic downturn because regardless of what the salary cap is and despite the revenue that the club would ever get in revenue sharing (right now the team has to PAY in revenue sharing), the Packers still have to be able to actually pay the players as well as the coaching staff and run the facilities. Yes it is a money-making venture now, and the seats will always be full, but the seat licenses were intended to keep the team in the position of having to pay the revenue sharing rather than depend on it. It helps your team thrive and that's what we all want isn't it?

[pbmax]

Re: That PSL Cash Was Earmarked For Free Agency/ WTF?

I guarantee you that every year, if you look at actual cash outlays, the Packers have been outspending the cap. Don't get caught up in the accounting goofiness that is the team cap number.

Cash spent each year is a better measure of where your PSL money went.

But didn't the Packer PSL money go to pay for improving the stadium? It was Bud Selig who told people that the tax would lead to a bigger payroll. Which it did, after he sold the team.

Back in the late 90's, the PSL(that's stands for personal seat license for all you NASCAR fans) was stolen from Packer fans in the name of staying competitive. Correct me if I'm wrong, but shouldn't fans expect the team to be at or near the salary cap every year, considering the huge amount of money the Organization is sitting on?
Season ticket holders are getting screwed, but theys ain't gettin' kissed.Either use the money, or give it back to the people that got swindled and suckered into believing big free agent signings were going to happen on a yearly basis. Ted has got to get better at using the cash at his disposal, that was not given to the Packers to put in the bank.
If I was a season ticket holder, I would sell my tickets for every game to the highest bidder, and make as much money as I could, and put it in my bank. And I would do that every year they were drastically under the cap.

[son of a vic]

The PSL funds were never put towards the stadium. The Packers do not own the stadium.

[RashanGary]

Great post Ziggy. Do you work for the Packers?

[son of a vic]

"GregJennings"------Then don't go to the games, it's that simple. -----

"In two years when Favre is gone and Thompson still has a competitive, playoff caliber team in tact we can talk about this again. As for now, you have legitimacy because nobody knows what might happen. In a few years when history can do the talking, you will lose any relevance you think you have."
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I have not a freakin' clue what your point is.

[son of a vic]

"MJZiggy"--"The fact of the matter is that whether we like it or not, Brett Favre has long been a money maker for this team. When he retires, the team revenue will slip. Should we slide into another losing stretch, revenue will not drop off like it will with other teams, but licensing fees for apparel and other merchandise will not be what it is with the sale of Favre jerseys. Look at the stadium once and see what number the crowd is wearing. The seat licenses were never intended to pay for player acquisition in free agency. The were supposed to help the team financially in economic downturn because regardless of what the salary cap is and despite the revenue that the club would ever get in revenue sharing (right now the team has to PAY in revenue sharing), the Packers still have to be able to actually pay the players as well as the coaching staff and run the facilities. Yes it is a money-making venture now, and the seats will always be full, but the seat licenses were intended to keep the team in the position of having to pay the revenue sharing rather than depend on it. It helps your team thrive and that's what we all want isn't it?"


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Perhaps that thriving thing could happen if they use the money at their disposal, courtesy Packer fan.

[the_idle_threat]

The PSL funds were never put towards the stadium. The Packers do not own the stadium.

You are mistaken. Although the team does not own the stadium, the team has paid for stadium renovations, in part or in full, since the stadium was built. The PSL money was used for that purpose.

The source is here: http://law.marquette.edu/cgi-bin/sit...30&pageID=2209

It's a very interesting page of info on all of the stadiums in the NFL.

Team: Green Bay Packers

Principal Owner: Community owned since 1921
Year Established: 1919
Team Website
Most Recent Purchase Price ($/Mil): N/A
Current Value ($/Mil): $756
Percent Change From Last Year: +24%

Stadium: Lambeau Field
Date Built: 1957
Facility Cost (millions): $.960
Percentage of Stadium Publicly Financed: 100%
Facility Financing: Original construction cost shared by the city and the team. The stadium has been expanded seven times between 1961 and 2001, all paid for by the team. In 2001, a $295 M renovation began and was completed in time for the 2003 season, making Lambeau Field one of the premier facilities in the NFL. Public funding for the renovation totaled $169 M through a .50% sales tax. While private funding totaled $126 M through seat licenses ($92.5 M), public stock offering ($20.5 M), and a loan from the NFL ($13 M).

[MJZiggy]

Or that thriving thing might work better if they have the cash available to them when they find need for it? Every team has ups and downs. It's pretty much inevitable and spending money on free agents is no guarantee that it won't. Seat licenses were never intended to pay for free agents. They were intended to keep the team viable no matter the economy and the dip it will take when we are no longer selling Favre jerseys at a record pace. If the country falls into a recession and people can no longer afford to buy merchandise at the rate they are now or rent out the Atrium for events, the team is still ok.

[RashanGary]

My point is that your main complaint, the packers not spending all of their cap space in FA, will look idiotic.

The Packers are not wasteing any cap space. It will get spent. We have to push it forward now becuase Sherman only got a couple core guys through the draft but in a few years we'll be spending that extra money we are pushing forward now.

Guys like Collins, Corey Williams, Greg Jennings, Aaron Rodgers *maybe*, Colledge, Poppinga, Spitz, Barnett ect....will be getting paid and using that money.

UFA is a grossly overpriced market. It's like paying 20% over bluebook value on a car but going out and buying 3 cars anyway. It's just not the best way to maximize your money.

Is building through the draft the fastest way to get to the top? No. But it's the surest way. Multiple articals have been written on the topic, all stating that FA hasn't been an important part to winning teams in recent history. Dig through the articals. None of the mention how impactfull FA's have been on their teams. Harvey had a great one he put together himself but others were written nationally

[MJZiggy]

(Well I have read about Edgerrin James' impact on the Cardinals... )