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Notable Packers Financial Figures, 1919-58
$16 -- Amount each player received after first season, 1919. Players divided up profits after last game, some of which came from George Calhoun's hat, passed along the sidelines like a church offering.
$500 -- Sum given to Curly Lambeau by Frank Peck, his boss at Indian Packing Company, for team's first uniforms.
$250 -- Amount NFL charged Lambeau before 1922 season for re-entry; league forfeited franchise after Lambeau used illegal college players in 1921 game vs. Chicago Supremes. Using $50 of own money, he got the rest from friend Don Murphy. After joining Lambeau on drive to Canton league meetings, Murphy sold his car (Marmon Roadster), gave Lambeau needed funds, then purchased tickets home. In exchange, Murphy got to play briefly in 1922 non-league opener...George Halas, despite rivalry, was instrumental in persuading league to allow Packers back...Following Green Bay reinstatement, using Packers as example, NFL asked each club for $1,000 to guard against using college players.
$2,500 -- Deficit new owner Lambeau faced after rain-ravaged 1922 season. No games were ever rained out, but weather did its toll on home attendance. Following season, with help of A.B. Turnbull, Packers became publicly owned corporation, and new team leadership raised additional $1,000 in team's first stock offering.
$5,000 -- Verdict awarded to fan who fell from stands at City Stadium in 1934 and sued team. Packers' public-liability mutual insurance company was already going bankrupt, so team forced to pay $2,500 to company's creditors. Fan's fall sent Packers into receivership
$15,000 -- New capital generated by Lee Joannes' 1935 stock drive, the second in team history.
$300 -- Don Hutson's weekly game check as rookie in 1935, one year before first college draft. In midst of Great Depression, city of Green Bay had only two banks. Both banks had to write Hutson a weekly check, each for $150.
$1,149 -- Share each player received for winning 1936 championship, after Boston Redskins owner George Preston Marshall moved the game to the Polo Grounds in New York.
$6,000 -- Amount Lee Joannes, president of Packers Corporation, loaned team to bail it out of receivership (settling the fan's damage judgement). Joannes held the Packers in his personal possession as security. According to Forbes (January, 2005), the Packers today are worth $756 million, up from $392 million in 2001.
$10,000 -- Amount team used to purchase Liberty war bonds, with profits from 1941 NFL playoff loss, 33-14 to Bears, one week after Pearl Harbor.
$25,000 -- Price paid by Lambeau to purchase Rockwood Lodge, on shores of the bay north of city, for team's new training facility. Move drew heavy criticism from Executive Committee.
$75,000 --- Amount paid by insurance company to Packers after Rockwood Lodge burned to ground in January 1950, shortly after Lambeau departed for Chicago Cardinals.
$118,000 -- Funds created by third Packers stock drive, in 1950.
$75,000 -- Price CBS paid Packers to televise 11 games each year from 1956-58. Teams in larger markets got much more money. Thanks to foundation laid by Commissioner Bert Bell and U.S. Congress, league in 1961 season instituted current policy of league-wide TV package, allowing Packers equal share, despite small market size.
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