The NFL’s 6-owner Compensation Committee will hold a conference call later today to discuss Commissioner Goodell’s proposed contract extension, despite opposition (i.e. threat of a lawsuit) from Cowboys owner Jerry Jones. The commissioner’s salary and compensation package is at the top of the agenda; with reports indicating that Goodell has formally requested $49.5 million in annual salary, plus the lifetime use of a private jet and healthcare for his family. At least one NFL owner agrees with Jones, saying “that number for Roger just seems too much. It’s offensive. It’s unseemly.” Goodell made $34 million in 2015, the last year that the league maintained a tax-exempt status that required his salary be made public.
Howie Long-Short: $49.5 million would have made Goodell the 3rd highest paid CEO in 2016, behind only Les Moonves (CBS, $68.6 million) and Tom Rutledge (CHTR, $98 million). For comparison purposes, Moonves’ CBS Corp. generated $13.17 billion in 2016, while Charter Communications brought in over $29 billion in ‘16 revenue. Goodell has grown NFL revenues to over $15 billion; perhaps his asking price isn’t nearly as “offensive” as it initially appears.
Fan Marino: I asked NFL Live Host Trey Wingo if he thought Commissioner Goodell was worthy of a $50 million annual salary. His response, “here’s the deal. You are worth what someone is willing to pay you. Jerry Jones was one of the 31 (Packers are public) owners that voted unanimously in favor of Roger’s contract extension. The 6-person Compensation Committee will decide what fair compensation is. Now, Jerry is upset with Roger and is trying to spearhead a change on something he’s already voted on. At the end of the day, you’ve already negotiated this. You can’t go back now.” Trey’s right, Jerry voted in favor of Goodell’s extension and knew his compensation would be determined at the sole discretion of the Compensation Committee. His opportunity to present opposition has passed.
Editor Note: Beginning Monday November 27th, Golic & Wingo will air weekdays from 6-10a EST on ESPN (DIS) radio, with simulcast on ESPN2 (moving to ESPNU in January).
For the balance of today’s newsletter, sign-up here!