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Green Bay Packers says missing playoffs hurt bottom line

GREEN BAY, Wis. (AP) — The Green Bay Packers' profit fell by nearly 50 percent in the last fiscal year as the team missed the playoffs for the first time in a decade.

President and CEO Mark Murphy said the outlook for the Packers remains strong as the NFL's only publicly owned team released its 2018 financial statement on Monday. The Packers announced a profit from operations of $34.1 million, a steep decline from $65.4 million a year earlier. Expenses soared 11.9 percent, from $376.1 million to $420.9 million, a byproduct of player salaries, coaching changes and travel costs. Revenue increased just 3.1 percent from $441.4 million to $454.9 million.

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Alliance to allocate players using college affiliation first

When the Alliance of American Football makes its first snap next February, there could be lots of familiar names playing for each of the eight teams.

Makes sense, too, because a brand new league needs as many hooks to attract fans as it can find. The Alliance is going with a geographic allocation system that takes advantage of where players attended college, or where they performed in the NFL.

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