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NFL Hid As Much As $120 Million from players according to Arbitrator

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Magic Conch Shell's picture
2/24/16 at 10:35a in the Other Sports Forum
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NFL players will collectively receive around $50 million, and the 2016 salary cap will increase by around $1.5 million, after an arbitrator ruled that the league misclassified up to $120 million in revenue, according to the Wall Street Journal.

 The $120 million came from ticket sales of luxury boxes, naming the stadium, and personal seats. 

but the arbitrator ruled that “waived gate” revenue revenue counts as typical ticket sales, of which the players receive 40%. That’s how you get the players’ share of around $50 million from $120 million in withheld revenue.

 This went on for 3 years until the Players Association realized the discrepancy. How do you audit their books every year and don't notice this for 3 years?

http://deadspin.com/report-arbitrator-rules-nfl-hid-as-much-as-120-milli...

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