Financials Question

[evanbarth]

Setting up a 2015 league -- and in the financial setup screen -- it had average team revenue of $123.9M, average expenses of $26.6M, average payroll of $105.5M and therefore average profit of MINUS $8.2M -- that seems weird to me, shouldn't average profit be at a minimum $0 if not higher?

[Rain King]

123.9 - 26.6 - 105.5 = (-8.2)

Makes sense to me :shrug:

[majesty95]

I like think question is why the default setup would have a negative projection our-of-the-box. I haven't played it so cannot answer...

[Rain King]

Are those from a default league? We need more info.

[evanbarth]

Originally Posted by Rain King

Are those from a default league? We need more info.

Sorry, should've been clearer, yes that was the default when I set up a 2015 league. Seems like it would set up for a lot of negative balances, anyone else play right out of the box have a view?

[evanbarth]

any recommendations on baseline financials?

[majesty95]

Originally Posted by evanbarth

any recommendations on baseline financials?

I would think something is amiss. The default game should come with financials ready to be played. If your's are not, there is possibly something wrong.

[Le Grande Orange]

Originally Posted by Rain King

123.9 - 26.6 - 105.5 = (-8.2)

Makes sense to me :shrug:

Typical pro sports team accounting. Must be depreciation, amortization, and related party transactions being used to hide the profits.

Or, as Paul Beeston famously said, "Anyone who quotes profits of a baseball club is missing the point. Under generally accepted accounting principles, I can turn a $4 million profit into a $2 million loss, and I can get every national accounting firm to agree with me."