In story broken today by the Sports Business Journal, NFL ownership has extended Roger Goodell’s contract by 3-1/2 years, to March 1, 2015. The commissioner’s original five-year contract was due to run out on September 1, 2011.
Goodell did not get a raise, however. Since he earns about $10 million a year ($3 million in base pay plus bonuses and deferred compensation), he won’t need to get a part-time job.
Although the NFL has long ago taken over from baseball as America’s favorite past time and is hugely profitable, it does anticipate difficult negotiations with the players on a new collective bargaining agreement.
Goodell is taking no increases in his base pay, a move designed to send a message that the league is willing to tighten its belt in light of its battle with the NFLPA over how much players are paid, and after a recent round of cutbacks at league headquarters.
NFL executive salaries are now made public as a result of new IRS disclosure rules. Steve Bornstein, the head of the NFL Network, is the second highest paid executive. Bornstein brings home about $7 million a year.
Originally an intern at the NFL offices, Goodell became NFL commissioner in September 2006 upon the retirement of Paul Tagliabue.
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