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Old 03-17-2011, 10:09 AM   #479
over the mountain
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Join Date: Mar 2007
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Re: Ongoing CBA discussions

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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