So the sources say that the players and owners have agreed to a deal where the players get 48% of revenue. Sounds good, but compared to what?
There is $9B in the current pot. Previously, the owners got the first $1B, leaving $8B, and the players got 60% of that. For those keep score at home, the players have $4.8B.
Under the new deal, they would get 48% of $9B, or $4.32B, down $480 million. But the players say they never got more than 53% of revenues under the old model ((9-1) * .53) or $4.24B, so the new deal would constitute a gain of $80 million. To put that in perspective, Manning makes $23 million per year. $80 million just covers the salaries of the 4 highest paid players 2009-2010:
- Philip Rivers $25,556,630.00
- Jay Cutler $22,044,090.00
- Eli Manning $20,500,000.00
- Kurt Warner $19,004,680.00
Total: $87 million.