Re: Ongoing CBA discussions
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Originally Posted by over the mountain
im pretty sure the NFLPA wants to see the audited fin docs. Audited meaning that an accounting firm has reviewed their statements and accounting practices and certifies that it is GAAP compliant, generally accepted accounting principles.
If teams were to provide their own docs w/out a 3rd party oversight, they could claim future losses in this fiscal year to make their expenses seem higher, accelerate interest incurring, defer recognition of rev to next year, etc.
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Yeah, they could also "randomize" the data somehow, so as to hide the identity of any team. Of course, some teams would probably be obvious (i.e.: Cowboys).
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