It looks like your figures take the LTC and straight line per year based on the total contract amount. Is that correct? If it is, then that makes my point about amortizing deferred contracts moot since your calculation is already expensing a flat amount over the term of the contract.
As an overall comment, it is somewhat disturbing to come down to the final numbers and, after making some proposed adjustments such as backing $10M off revenue sharing, the amount on the National TV money, upping overall Admin to $20M, you still have a $15M profit. That is a 14% net profit margin, which is not bad in any industry, but this is an organization who claims to be struggling to make a dollar in profit. That's another $15M that could be poured into player development and improving the ML team in higher salary levels.
Yet, I don't want to jump the gun, because we do have some soft numbers like revenue sharing and Admin expenses. Are we missing a major expense? Is the Admin number too small?
Still, Redsland, great work. Fire up the email campaign boys, I think the Reds FO has some splaining to do. And anyone who hangs out here knows that I am an overall supporter of management, but when you poor mouth and it ain't so, you've crossed a line.
Last edited by traderumor; 01-28-2004 at 04:21 PM.