Payouts from the NFL concussion settlement and increased player costs have led the Green Bay Packers to only make a $700,000 operations profit and a $8.4 million net income in their 2019 fiscal year.
WTMJ news partner Milwaukee Business Journal says that expenses increased more than 13 percent from July 2018 to June 2019, with much of that coming from $30 million more in player signings. That included the $134 million contract which Aaron Rodgers signed, including $80 million before mid-March of 2019 according to ESPN's Adam Schefter.
Team President Mark Murphy also said the 100th season celebration and hiring new coaches factored into the lower profits.
"I think if you take out those nonrecurring or atypical expenses, you'd see that our profit would be in the fairly normal range of what we've seen in the past," Murphy said to the Business Journal.