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The Green Bay Packers‘ profit fell by nearly 50 percent in the last fiscal year as the team missed the playoffs for the first time in a decade.

President and CEO Mark Murphy said the outlook for the Packers remains strong as the NFL’s only publicly owned team released its 2018 financial statement on Monday. The Packers announced a profit from operations of $34.1 million Authentic Justin Reid Jersey , a steep decline from $65.4 million a year earlier. Expenses soared 11.9 percent, from $376.1 million to $420.9 million, a byproduct of player salaries, coaching changes and travel costs. Revenue increased just 3.1 percent from $441.4 million to $454.9 million.

”The NFL continues to be very popular nationally,” Murphy said. ”There’s been a lot talked about with ratings that have gone down, but, really, relative to ratings overall, the league remains very strong. The fan interest and support remain strong for both the league and us. Our strong, stable financial position has allowed us to invest in the team through contracts for players and coaches, our facility, the stadium, the fan experience and community, and making sure the franchise stays strong for the future.”

Revenue from national sources rose by 4.9 percent, due to built-in increases in the national TV package. Local revenue grew by a scant 0.8 percent. A 7-9 record – the team’s first losing season since 2008 – hurt the bottom line.

”This is the first year since 2008 that we were not in the playoffs Shaq Lawson Jersey , and I think that had an impact on us,” Murphy said. ”We didn’t have a home playoff game and some of our visitation numbers were down a little bit. We don’t see that as a negative trend.”

The Packers made several big changes during the offseason. Murphy picked Brian Gutekunst to replace longtime general manager Ted Thompson, and coach Mike McCarthy replaced defensive coordinator Dom Capers with Mike Pettine and offensive coordinator Edgar Bennett with Joe Philbin.

Plus, quarterback Aaron Rodgers will be back after missing half of last season with a broken collarbone. Murphy said he senses a renewed level of enthusiasm from fans, with the team kicking off its 100th season with the start of training camp on July 26.

”Certainly, having Aaron healthy is a part of that, but I think some of the changes we’ve made coaching staff as well as the draft and players we’ve added, I think people are excited for the season,” Murphy said. ”You add on top of that the 100 seasons, it should, knock on wood, be a good year.”

RODGERS WATCH

Rodgers, who is under contract through the 2019 season, told NBC Sports over the weekend there is ”some merit” in working out a ”nontraditional contractual agreement.” Murphy wouldn’t get into specifics but said: ”Obviously, he’s an important player. He wants to be here and want him to be here. When both sides have a common interest http://www.jaguarscheapshop.com/cheap-authentic-jalen-ramsey-jersey , you get deals done.”

PLAYER PROTESTS

In May, league owners agreed to a policy that requires players to stand if they are on the field for the national anthem but allows them to stay in the locker room if they prefer. The NFL Players Association last week filed a grievance against the league for imposing a policy that is ”inconsistent” with the collective bargaining agreement and ”infringes” on player rights. Murphy said he was hopeful of a resolution.

”I’ve had a lot of conversations with our players,” he said. ”We really want to put the focus on the underlying issues and we realize our players are patriotic, they don’t disrespect the flag, they don’t disrespect the country. We’re really looking at the underlying issues of racial discrimination, police brutality. We’ve had discussions with players about putting resources toward some of the causes.”

NEXT CBA

Murphy said he also hopes the CBA, which will expire after the 2020 season, can be extended. He said the NFL doesn’t have the guaranteed money seen in NBA contracts, though ”over the last 10 years or so, a higher percentage of the players’ money is guaranteed.”

”To me, the best thing about our collective bargaining agreement is the rookie pay is under control. We’ve got a system in place that I think is working well. More of the money is going to the veterans, who deserve it and have earned it. There were times under the old agreement that the highest paid players in the league were rookies at their positions, which was crazy.”

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Not even the signing of free agent Case Keenum could keep the Broncos from staging yet another quarterback competition this offseason.

This time it's a battle for the backup job.

After bypassing a quarterback in a draft that was deep on passing prospects, general manager John Elway declared that Paxton Lynch and Chad Kelly would duke it out for the No. 2 job.

That served as a vote of confidence in Lynch, his 2016 first-round pick who hasn't been able to win the starting job Youth Joel Iyiegbuniwe Jersey , and a golden opportunity for Kelly, "Mr. Irrelevant" in 2017 as the last player picked in the draft.

"With Paxton, we still think he is young. We are not kicking him to the curb. He can still develop. When we drafted him two years ago, we knew it was going to take some time," Elway said. "Paxton is going to compete with Chad for that backup spot. We are not going to bring another one in for OTAs."

That marked the first time Elway had publicly mentioned Kelly as having a chance to win a roster spot a year after missing his entire rookie season while recovering from wrist and knee surgeries.

"I thought of it as, OK, perfect, I can get more reps," Kelly said Saturday after serving as the only quarterback during a 90-minute walkthrough that capped the Broncos' three-day rookie orientation. "I just look at it as another opportunity to get better each and every day and each and every rep."

Kelly's offseason work habits have resulted in a reshaped body.

Kelly said "eating a lot of spinach and chicken paid off instead of fried food. ... I came here and knew I needed to move around and get back to my old playing weight back in early college and high school. So, I'm kind of feeling I can move around and so some things with my legs but also be powerful in throwing the ball."

Kelly has impressed both on and off the field.

"Well, I've been proud of Chad overall," coach Vance Joseph said. "I mean, he's been here every day. He's worked his butt off. And he's changed his body. Last year he was a little tubby kid. He is really lean now. He's eating right. He's working hard. He's definitely put the work in.

"And he's throwing the ball really well right now."

So much so that bare hands are a bad idea for receivers, suggested tight end Jake Butt.

"He can rip that thing now," said Butt Brett Favre Jersey , who also sat out his rookie season. "You've definitely got to wear gloves. He'll be spinning that bad boy pretty tough. He's learning the offense, he's taking leadership, he's doing a great job."

Joseph insisted Lynch was handling himself fine, too.

In March, the Broncos declared Keenum the starter as soon as he signed. In April, they said Lynch would have to beat out Kelly for the backup job.

"I think Paxton's done a good job, also," Joseph said. "I think for Paxton and for our football team, it's been a weight off all of our backs to have a starting quarterback and have everyone's role defined from Day 1."

He said that allows Lynch to "relax and get better each day and not worry about a competition."

Joseph suggested Lynch could learn how to handle adversity from Keenum.

"Case has been through some ups and downs throughout his career. So, he can learn from Case on how to handle those things," Joseph said. "And it takes time to be an NFL quarterback. And you would hope with Case being here, he can sit back and relax and get better as a quarterback and not worry about being the guy right now and just compete to be our backup."

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