Code:
2005 Budget
Year 2005 2004
Total Revenue 100,373,500 97,450,000
Player Salaries 37,330,000 41,530,000
Player Bonuses - 27,010,000
Training 6,200,000 6,020,000
Coaching 10,280,000 7,140,000
Scouting 4,200,000 3,900,000
Maintenance 4,200,000 4,160,000
Stadium Costs - -
Total Costs 62,210,000 89,760,000
Profit 38,163,500 7,690,000
Total Revenue is a 3% increase from last season
Training, Maintenance, Stadium Costs are projected
One of my goals in Solo Play is to keep operating costs in the green, as you can see last season my team's profit was nearly $7.7 million. Now in 2005 I aim to continue that. I have not paid any signing bonuses yet, therefore my profit sits at a projected $38 million. Salaries and Bonuses are a major hit on this number, and my goal is keep my combined salary and bonus spending at $65 million. That is $3.5 million less than last season, but I am trying to factor in Stadium costs if my addendum passes for a new stadium. Also, I am leaving approximately $12 million in reserve to sign Santana Moss to a contract extension, he is currently seeking approximately $12 million in signing bonus and $1 million in salary for 2005. (My house rule is that you cannot resign/renegotiate with a player on your team until they are in the last year of their contract.) Negotiations should start for that shortly after the free agency period. Therefore, my salary and bonus money is down to $52 million. Thus far I have spent $37 million on player salaries, leaving me with $16 million to spend on free agency and the draft. So, I have my work cut out for me. I have to sign the right players at the right price to keep my team on the right track. I look at the signing of Pennington and Abraham during last season as major signings for this year, so I have done a lot of work in keeping the cornerstones of my franchise in place.