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Pack's profit drops 98% due to losing, big deals

GREEN BAY, Wis. -- The Green Bay Packers reported a profit of just $724,000 in their latest fiscal year, which included their second straight season without a playoff appearance, a large contract extension for quarterback Aaron Rodgers and change in head coach from Mike McCarthy to Matt LaFleur.

Green Bay's profit in the year ending March 31 was down 97.9% from $34.1 million in the year ending March 2018 and more than 99% from the record $75 million in the previous fiscal year.

"From a financial standpoint, it was a unique year for the Packers," team president Mark Murphy said Friday.