Kraft Selling the Team!! Well sort of...

[Triumph]

This is one of the most uninformed posts that I have seen in many years.

It would do me no good to provide facts. but I will say this. When the cost of oil rose because of the green deal the cost of food and just about everything under the sun rose with it.

 

[Tunescribe]

It would do me no good to provide facts. but I will say this. When the cost of oil rose because of the green deal the cost of food and just about everything under the sun rose with it.

Your sister is upset enough with you already. Get off the Internet, time for your Saturday night bath. You have church and early chores in the morning.

 

[XLIX]

any chance you know where that rule is so I can show people?

You'll just have to ignore his idiocy. And like I said, even if such a rule exists - which it doesn't - the people who make the rules are the same people who vote on allowing a minority ownership. So if 24 owners have no problem with Brady owning a slice of the Patriots, they can suspend whatever rule they want to make it so (I mean, if we pretend Brady pursued a stake in NE instead of LV)

 

[Tunescribe]

You'll just have to ignore his idiocy. And like I said, even if such a rule exists - which it doesn't - the people who make the rules are the same people who vote on allowing a minority ownership. So if 24 owners have no problem with Brady owning a slice of the Patriots, they can suspend whatever rule they want to make it so (I mean, if we pretend Brady pursued a stake in NE instead of LV)

@XLIX

We all know you hate me, that’s very well established by now. But the fact remains that the rule exists, links have been provided in this thread and you admitted being wrong, while at the same time intentionally misrepresenting said rule.

Attempting to reverse yourself or presuming to know how or why NFL owners would flout their own rule is just silly.

 

[Froob]

I just can't see anyway the NFL could approve a sell to Brady at least not at a discounted price.

 

[Tunescribe]

I just can't see anyway the NFL could approve a sell to Brady at least not at a discounted price.

They can't and won't enable him to buy a piece of the Patriots -- it would break their own rule.

 

[PatsFanSince74]

Deals like this are all about the cash.
The Krafts spent the last 31 years investing in the value of this Franchise. There's no reason for them to give a discount to anyone to buy a seat on the train they're driving.

 

[PatsFanSince74]

Good point. Maybe Kraft needs a cash infusion in order to start spending big more often, like some of the top teams have been.

I doubt it.

Kraft's Net Worth, depending on the source, is somewhere between $11b and $14b. The Pats have Cap Space of around $54 million, which is the highest reported in the NFL but less than one half of one percent of Kraft's worth, i.e., probably a rounding error in his Cash Flow.

Kraft's track record suggests that he understands how to build a winning franchise (unlike Woody Johnson, for example).

So, I'm pretty sure that rationing Cap Space is a strategic decision rather than a financial decision as they rebuild over the next couple of seasons: 2025/26 will give them an idea of what they need to plug. The good news is that it looks like Drake Maye could be "the guy," so that would free up a lot of cash to bolster the rest of the roster. But anyone who thinks that was a "given" until this season was kidding themselves. The Mayo-error cost them at least two years of rebuilding, which I wrote out here within a day or so of when he was named HC. That was a mistake that is on the Krafts...and a big one, but doesn't define who they are.

BTW, contrast the above with the Bills, who have only $3million of Cap Space and a roster with the oldest average age in the NFL. They were built to win around Allen, but haven't even gotten to the SB yet.

 

[pazrul72]

I doubt it.

Kraft's Net Worth, depending on the source, is somewhere between $11b and $14b. The Pats have Cap Space of around $54 million, which is the highest reported in the NFL but less than one half of one percent of Kraft's worth, i.e., probably a rounding error in his Cash Flow.

Kraft's track record suggests that he understands how to build a winning franchise (unlike Woody Johnson, for example).

So, I'm pretty sure that rationing Cap Space is a strategic decision rather than a financial decision as they rebuild over the next couple of seasons: 2025/26 will give them an idea of what they need to plug. The good news is that it looks like Drake Maye could be "the guy," so that would free up a lot of cash to bolster the rest of the roster. But anyone who thinks that was a "given" until this season was kidding themselves. The Mayo-error cost them at least two years of rebuilding, which I wrote out here within a day or so of when he was named HC. That was a mistake that is on the Krafts...and a big one, but doesn't define who they are.

BTW, contrast the above with the Bills, who have only $3million of Cap Space and a roster with the oldest average age in the NFL. They were built to win around Allen, but haven't even gotten to the SB yet.

Big difference between Net worth, cap space, and cash flow. When people estimate Krafts net worth they are saying if he was able to find someone with the cash (good luck with that) to buy the Patriots he would get like 9 Billion. That doesn't mean he has 9B in his bank account that he can spend however he wants, it means he owns an asset that is worth a lot of money. That's where cash flow comes in, Kraft gets profit from tickets, food, and merchandise sold at games. He also gets, according to a quick Google search, 10B / 32 teams = 312M in TV revenue, from which he must pay the players and staff. That's where the salary cap comes in, it's an accounting tool to make sure the owners are spending enough AND not too much in any one year.

So on a year where he had to put out a lot of cash (355 million this year quick Google search) that's more cash then he makes in one year so he has to cover the extra from somewhere. That's why selling a piece of the team might be happening, to cover the extra CASH needed to pay the players they signed. They may only count for 70 million a year in the cap but all of that needs to be paid upfront and put in escrow accounts. While Krafts Value might be able to **** that out as pocket change, his Cash flow and actual money in his bank account takes a major shot. It will balance out over the next couple years as he has to spend less but for right now, this year, he might be tighter then he would like to be and 700 million would go a long way towards making him feel better. Or rolling over 40 million of cap space to do another big FA splurge next year. Though unlikely as Kraft has spent the least CASH of any owner in the past decade.