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Old 03-09-2013, 04:12 PM   #5
Jay3
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It doesn't look that good to me. It shows net income dwindling to $26 million in 2012, which is pretty low for such a large amount of capital tied up.

See, capital has a cost. It migrates elswhere. If you have something that is worth $500 million, and it throws off $26 million in net income, then you're making about 5% return on the capital that is tied up. May as well put it in the bank or buy a a piece of land.

When you consider Joe Flacco will make $20 million next year, net income of $26 million for owning and entire team is a warning sign.

The main thing the owners wanted fixed was the salary cap being a percentage of total revenue, rather than the messed up formula it was before.
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