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Packers' Profits Dropped 98% Due to Big Contracts, Coaching Staff Changes, More

If you ask team president Mark Murphy, the Green Bay Packers experienced a "unique year" financially.

"We had some irregular expenses that affected our financial performance, but we're still in a strong financial position," Murphy told Mike Spofford of the team's official website.

The team's profit in the league's last fiscal year fell from $34 million to $724,000, a 98 percent drop, but there were several factors that came into play, per Spofford: "significant player contracts, the overhaul of the coaching staff, and the team's obligations to the concussion liability reserve, which funds the legal settlement being drawn upon by former players.