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Yahoo
an hour ago
- Yahoo
NFL teams reportedly received a record $432.6 million in league revenue sharing deal
The NFL is once again handing a record revenue share to its 32 franchises this year. The league sent each team $432.6 million as part of the NFL's national revenue sharing from the previous fiscal year, according to ESPN's Rob Demovsky. That means that the total handed out was more than $13.8 billion, an all-time record. Last season, each team received just more than $400 million. [Join or create a Yahoo Fantasy Football league for the 2025 NFL season] While those figures are generally kept private, they are revealed through the Green Bay Packers each season. The Packers are the only publicly owned team in the league, which requires them to reveal their financials on a yearly basis. Though each team is different, the Packers' financial statement provides a pretty good benchmark for franchises throughout the league. The Packers' profit from operations, according to ESPN, increased from $60.1 million to $83.7 million year-over-year. Local revenue, which was helped with the addition of a ninth regular-season home game for the first time last season, also increased by about $35 million. The Packers said that the national revenue sharing they receive accounts for about 60% of their total revenue. "The league has it so they're trying to grow at about a 7% growth rate annually," outgoing Packers president Mark Murphy told ESPN. 'And then the other thing I think the league's done a good job of is moving more towards streaming, but still a vast majority of our national revenue is coming from broadcast television." The NFL's current television rights deals with CBS, Fox, NBC, ESPN and Amazon currently run through the 2033 season, but it is widely expected to opt-out early after the 2029 season and restructure them. The league has ventured into streaming slightly, too, with games on Amazon Prime Video and Netflix. What those new deals will do in terms of revenue sharing for teams like the Packers, though, remains to be seen.
USA Today
an hour ago
- USA Today
Pat McAfee apologizes for amplifying false rumor about Ole Miss student
Pat McAfee has apologized to University of Mississippi student Mary Kate Cornett, nearly five months after he discussed an unsupported rumor about her on "The Pat McAfee Show." The false rumor about Cornett's romantic life circulated on social media in February, and it was quickly amplified by Barstool Sports and McAfee. Although McAfee didn't mention Cornett's name on-air, he directly addressed the rumor during a show at the NFL Scouting Combine on Feb. 26. On the July 23 edition of "The Pat McAfee Show," the former NFL punter apologized to Cornett. "I have since learned that the story was not true, and that my show played a role in the anguish caused to a great family, and especially to a young woman, Mary Kate Cornett," McAfee said. "I think you all know from tuning into this program that I never want to be a source of negativity or contribute to another human's suffering. "I can now happily share with you that I recently got to meet Mary Kate and her family, and I got a chance to sincerely apologize to them and acknowledge that what I said about Mary Kate was based solely on what others were saying on the internet or what had previously been reported by others, and that we had no personal knowledge about Mary Kate or her personal life." Cornett spoke with The Athletic in April and said she received an onslaught of backlash over 'something completely false." Her phone number was released online and she had to move into emergency housing and switch to online courses for her safety, she said. She also told NBC News "it was absolutely ridiculous that an ESPN sports broadcaster would be talking about a 19-year-old girl's 'sex scandal' that was completely false." Cornett added she intended to take legal action against McAfee and ESPN for helping spread the rumor. The rumor hadn't been mentioned on the show since then, but McAfee vaguely addressed it during a live event he hosted in Pittsburgh less than two weeks after The Athletic article. He said he "didn't want to add any more negativity as it was taking place' and would try to "make some sort of silver lining in a very terrible situation." Other outlets like Barstool issued apologies for their part in spreading the rumor. Regarding why the topic hadn't been addressed on his show for months, McAfee said Wednesday "there was a lot going on behind the scenes." He added he personally wanted to talk to Cornett and her family before he addressed it publicly. "I can now say that I had the opportunity to meet (Cornett's family), chat with them, and they're wonderful people. And I'm very thankful that they gave me the opportunity to tell them how sorry I was that this all happened, and that our program was a part of this," McAfee said. "I deeply regret all the pain that this caused. I hated watching what our show was a part of, in her interviews and reading about it. And my hope is that this can be something that we all learn from going forward." USA TODAY Sports has reached out to Cornett's lawyer for comment.
Yahoo
2 hours ago
- Yahoo
Packers report a record $432.6 million in revenue sharing
Packers president Mark Murphy presented his final annual financial report Wednesday, reporting the team's national revenue sharing from the previous fiscal year was a record $432.6 million. The NFL's revenue sharing 18 years ago — when Murphy gave his first report — was $138 million per team, Rob Demovsky of ESPN reports. The revelation by the league's only publicly owned team means the NFL shared a record $13.8 billion in revenue from the previous fiscal year. "I continue to be amazed by the popularity of the NFL and by the league office's ability to generate revenue," Murphy said, via Demovsky. "It's impressive." National revenue makes up about 60 percent of the Packers' total revenue, Murphy said. The Packers reported an $83.7 million operating profit for the fiscal year ending March 31. That is a $23.6 million increase from the previous year's $60.1 million operating profit, a rise related to one more home game in 2024 than the eight in 2023. "It was a successful year for the organization," Murphy said. "The NFL's popularity and success continues to set the stage for our club to do well, which puts us in position to continue to invest in the team and the stadium." During Murphy's tenure, the Packers have invested $675 million into Lambeau Field and the team's facilities, including the unveiling of a renovated locker room this week.
