|
Financials
Can anyone provide a little Financial 101 class for me (this is for OOTP17).
I'm only sure of payroll. If there is a cap of $5 million and I'm under the cap then that I know I can control. Beyond that I don't know. And now I'm in a spot where the team budget is slashed evidently due to a loss of revenue.
So I'm not sure where to go with ticket prices (currently $6) but only drew 333k in attendance for last season (last in the league). I've got the #1 farm system from trades and drafts and should have players coming up in 2-3 years but I'm now concerned that I won't be able to resign them when they come due if I don't fix my issue now. But honestly, just no clue where to start to try to become profitable in order to maximize my budget/cash on hand.
Thanks for any help.
__________________
Former NBSL Commissioner: 16 years
Former Online League Owner; six time champion
|