THE GRID: Big 4 North American Sports League Operating Rules Spring 2016

League NFL MLB NBA NHL

Size/Season 32 teams, 8 divisions, 16 games. 30 teams, 6 divisions, 162 games. 30 teams, 6 divisions, 82 games. 30 teams, 4 divisions, 82 games. Playoffs 4 rounds, 12 teams 4 wild cards 4 rounds, 10 teams 4 wild cards (2012) 4 rounds, 16 teams, no reseeding 4 rounds, 16 teams, top 3 in division + 4 1- game knockouts with 4 1st round byes WC play in, best of 5, best of 7, best of 7 All rounds best of 7(2003) wild cards; all rounds best of 7; no reseed Roster size 45 active / 53 total 25 active / 40 total 12 active / 15 total 20 active / 23 total

Bargaining Ten years. 2011-20. NFLPA is weak: Five years: 2012-16. MLBPA is strong: Ten years: 2011-20: Mutual option year in Ten years: 2013-22, Double option. Lock- Agreement decertified before 1993 free agency. 2002 CBA was first without stoppage 2017. Work stoppages 1998-99; 2011-12. out in 2004-05 and 2012-13seasons

Free Agency Unrestricted free agency after 4 years. Unrestricted free agency after 6 years. Unrestricted after 1st contract with first Unrestricted age 27after 4 years NHL. Conditions Restricted after 3 years Arbitration 3-5 years. Reserve 0-2 yrs. refusal rights to team. Restricted under age 27.

Mean Salary $1.9M in 2012 from $395K in 1990. $3.4M in 2014 from $579K in 1990. $5.3M in 2014 from $717K in 1990. $2.4M in 2012 from $221K in 1990.

Payroll Cap/ Hard cap since 1994: 47-48.5% of AR Luxury tax: 17.5% of payroll over $189M Soft cap since 1984: 49-51% of BRI. Hard cap since 2005: 50% of hockey Luxury Tax after 2013; $143M in 2015. (2014-16); 30% - 40% for 2nd & 3rd breach 2016 cap $70M, min 90% of cap. Lux tax related revenue HRR. Cap $71.4 in 2016 Minimum payroll 89% of cap. and 50% for 4th breach 53.5% of BRI, 2016 threshold $84.74M. Max/min payroll +15%/-15% of midpoint

Local Gate 18% of total and shared 66/34. Venue Gate 30%, venue 28%, local media 22% of Gate 27%, venue 15%, local media 13% of Gate 40%, venue 25%, media 20% of total. Revenue 27% unshared. Local media insignificant. total revenue. 34% of local revenue shared. total revenue.50% of local revenue shared. 5% of local revenue is shared.

Central National media 55% of total, equal shares. National media 20% of total, equal shares. National media 27% of total, equal shares. National media 20% of total, equal shares. Revenue Nine years, 2014-22 FOX, ABC/ESPN, Eight-years 2014-21 FOX, TBS and ESPN: Nine-year 2016-25 TNT and ABC/ESPN: 10-year 2012-21 NBC; 12 years Rogers CBS, DirecTV: $205M annually per club. $51.7M annually per club. $90.3M annually per club. Sportsnet 2014-26: $21M annual per club.

Forbes’ Mean V/R = $1,966M / $347M = 5.67 V/R = $1,200M / $262M = 4.58 V/R = $1,106M / $160M = 6.93 V/R = $505M / $133M = 3.81 Team Value 2014 league revenue $11.1 billion 2014 league revenue $7.8 billion 2015 league revenue $4.8 billion. 2015 league revenue $4 billion Revenue share Local/National split 40%/60% Local/National split 50%/50% Local/National split 60%/40% Local/National split 80%/20%

Source: John Vrooman, Vanderbilt University North American TV Market Size (million TV households) RNK Designated Market Area (DMA) TVHH NFL MLB NBA NHL TOT 1New York 7.46122239 2Los Angeles 5.66602226 3Chicago 3.53412115 4 Philadelphia 2.964 1 1 1 1 4 5 Toronto 2.957 0 1 1 1 3 6 -Ft. Worth 2.655 1 1 1 1 4 7 San Francisco-Oakland-San Jose 2.519 2 2 1 1 6 8Boston 2.43311114 9 Washington, DC 2.412 1 1 1 1 4 10 Atlanta 2.375 1 1 1 0 3 11 2.289 1 1 1 0 3 12 Detroit 1.856 1 1 1 1 4 13 Phoenix 1.855 1 1 1 1 4 14 Seattle-Tacoma 1.848 1 1 0 0 2 15 Tampa-St. Pete 1.828 1 1 0 1 3 16 Minneapolis-St. Paul 1.748 1 1 1 1 4 17 Miami-Ft. Lauderdale 1.663 1 1 1 1 4 18 Denver 1.575 1 1 1 1 4 19 /Quebec City 1.526 0 0 0 1 1 20 Orlando-Daytona Beach 1.490 0 0 1 0 1 21 Cleveland-Akron 1.485 1 1 1 0 3 22 Sacramento 1.388 0 0 1 0 1 23 Vancouver 1.329 0 0 0 1 1 24 St. Louis 1.255 1 1 0 1 3 25 Portland, OR 1.185 0 0 1 0 1 26 Pittsburgh 1.182 1 1 0 1 3 27 Raleigh-Durham 1.165 0 0 0 1 1 28 Charlotte 1.158 1 0 1 0 2 29 Indianapolis 1.097 1 0 1 0 2 30 Baltimore 1.095 1 1 0 0 2 31 San Diego 1.081 1 1 0 0 2 32 Nashville 1.043 1 0 0 1 2 33 Hartford & New Haven 1.000 0 0 0 0 0 34 Kansas City 0.942 1 1 0 0 2 35 Columbus, OH 0.929 0 0 0 1 1 36 Salt Lake City 0.921 0 0 1 0 1 37 Milwaukee 0.917 1 1 1 0 3 38 Cincinnati 0.908 1 1 0 0 2 39 San Antonio 0.906 0 0 1 0 1 40 Greenvll-Spart-Asheville 0.849 0 0 0 0 0 41 West Palm Beach-Ft. Pierce 0.810 0 0 0 0 0 42 Grand Rapids-Kalmzoo-B.Crk 0.734 0 0 0 0 0 43 Austin 0.733 0 0 0 0 0 44 Oklahoma City 0.730 0 0 1 0 1 45 Las Vegas 0.726 0 0 0 0 0 46 Harrisburg 0.725 0 0 0 0 0 47 Birmingham 0.719 0 0 0 0 0 48 Norfolk 0.719 0 0 0 0 0 49 Greensboro 0.705 0 0 0 0 0 50 Albuquerque-Santa Fe 0.691 0 0 0 0 0 51 Jac ksonville 0.676 1 0 0 0 1 52 Louisville 0.675 0 0 0 0 0 53 Memphis 0.672 0 0 1 0 1 54 New Orleans 0.652 1 0 1 0 2 55 Buffalo 0.634 1 0 0 1 2 56Edmonton 0.59200011 57Calgary 0.59200011 58 Ottawa 0.592 0 0 0 1 1 59 Winnipeg 0.592 0 0 0 1 1 TOTALS 1.482 32 30 30 30 122 Source: Nielsen Research and John Vrooman 31 Theory of the Perfect Game

Table 11. Expansion, Relocation and Extortion Year X/R League/Club Fee a League DMAb Venuea Public% 1995 X (NFC) 140 29 1.09 248 24.6 X Jacksonville Jaguars (AFC) 140 29 .66 c 141 85.8 R Los Angeles Raiders to Oakland … 30 2.42 c 128 100.0 R Los Angeles Rams to St. Louis f 29 30 1.24 299 100.0 1996 R Cleveland Browns to Baltimore Ravens f 29 30 1.10 229 87.3 R Houston Oilers to Nashville f 29 30 .97 292 75.7 1999 X Cleveland Browns (AFC) 530 31 1.53 314 74.8 2002 X (AFC) e 700 32 2.05 449 70.6

Major League Baseball 1993 X Colorado Rockies (NL) 95 27 1.48 231 82.3 X Florida Marlins (NL) 95 28 1.54 c … … 1998 X Arizona Diamondbacks (NL) 130 29 1.80 354 66.9 X Tampa Bay Devil Rays (AL) 130 30 1.78 218 100.0 2005 R Montreal Expos to Washington Nationals 450 30 2.31 611 100.0

National Association g 1995 X Toronto Raptors 125 28 2.60 180 d 0.0 X Vancouver Grizzlies 125 29 1.33 120 d 0.0 2001 R Vancouver Grizzlies to Memphis 30 30 .67 250 93.6 2002 R Charlotte Hornets to New Orleans 30 30 .60 c 122 100.0 2004 X Charlotte Bobcats 300 30 1.09 265 91.3

National Hockey League 1991 X 50 22 2.42 133 82.1 1992 X Ottawa Senators 50 23 .60 160 21.3 X 50 24 1.78 153 62.1 1993 R to … 24 2.44 420 d 29.8 X Anaheim Mighty Ducks 50 25 5.65 120 100.0 X 50 25 1.54 212 87.3 1995 R to Colorado Avalanche … 26 1.48 170 d 0.0 1996 R Winnipeg Jets to Phoenix Coyotes … 26 1.80 220 81.8 1997 R to Carolina Hurricanes … 26 1.04 158 87.3 1998 X Nashville Predators 80 27 .97 144 100.0 1999 X Atlanta Thrashers 80 28 2.31 213 d 20.2 2000 X Columbus Blue Jackets 80 29 .91 179 19.2 X Minnesota Wild 80 30 1.71 190 74.7 X= Expansion R= Relocation a Venue cost and expansion/relocation fees in $millions b DMA 2007-08 Nielsen Media Designated Market Area in million households c Renovations; d Joint NBA-NHL arenas e Seattle Seahawks switched from AFC to NFC in 2002 realignment of eight divisions of 4 teams. f Relocation fee is share of PSL payments to Ravens ($65 million), Titans ($71 million) and Rams ($78 million). g NBA added Charlotte Hornets, Miami Heat (1988); Minnesota T-Wolves, Orlando Magic (1989) fee of $37.5 million.

The NFL retro-expanded into Cleveland in 1999 for 75 percent public funding of the new Browns Stadium with 147 suites and 8,800 club seats.73 After several delays between competing L.A. investment groups, the NFL decided instead to retro-fill the Houston market for 71 percent public funding of Reliant Stadium (191suites and 8,300 club seats) in 2002. The new Cleveland Browns paid an expansion fee of $530 million and Houston Texans paid a premium fee of $700 million. That left the second largest U.S. TV market L.A. without a NFL team. This was not a major problem for two reasons.

73 In litigation settlement the NFL promised the City of Cleveland a new Browns club by 1999 and allowed the old Browns to become the Baltimore Ravens. The League did not say whether the new Cleveland team would be a relocation or expansion franchise until 1998 after stadium deals were completed in Tampa and Cincinnati.

Alternative Futures for St. Louis Rams ($millions) Ed Jones Riverfront LA Relocation Local revenue (Venue revenue+home gate) $100 $150 $300 National revenue (Media+Visitor gate) $200 $200 $200 Total Revenue $300 $350 $500 Total Operating expenses $220 $240 $278 Operating Profit $75 $110 $222 Present Value of Net Cash Flow 30 years @3% $1,470 $2,150 $4,350 Stadium Funding Rams ($150 million PSLs + $250 million Kroenke) $0 $400 $1,800 NFL G-4 loan (LA relocation not eligible for G-4) $0 $200 $0 Private Share Rams + NFL): 55% in St. Louis and 100% in LA $0 $600 $1,800 Public Share: 45% in St. Louis and 0% in LA $0 $500 $0 Franchise value = PV of cash flow - club share of venue cost $1,470 $1,750 $2,550 Value/Revenue multiple 4.90 5.00 5.10 Net value gain from relocation to LA over new venue in St. Louis $0 $0 $800 NFL relocation indemnity fee (50/50 split of $800m LA relocation gain) $0 $0 $400 Net Franchise Value $1,470 $1,750 $2,150 Stadium Cost: LA $1.8 billion; St. Louis $1.1 billion Source: John Vrooman, Vanderbilt University

NFL Team Values 2015 Rank Team Value % Chg D/V Revenue Income V/R P/E 1 $4,000 25% 5% $620 $270.0 6.45 14.8 2 New England Patriots $3,200 23% 7% $494 $195.0 6.48 16.4 3 Washington Redskins $2,850 19% 8% $439 $124.9 6.49 22.8 4 New York Giants $2,800 33% 18% $400 $105.2 7.00 26.6 5 San Francisco 49ers $2,700 69% 21% $427 $123.7 6.32 21.8 6 New York Jets $2,600 44% 23% $383 $118.4 6.79 22.0 7 Houston Texans $2,500 35% 7% $383 $114.6 6.53 21.8 8 Chicago Bears $2,450 44% 4% $352 $85.7 6.96 28.6 9 Philadelphia Eagles $2,400 37% 8% $370 $88.7 6.49 27.1 10 Green Bay Packers $1,950 42% 6% $347 $63.3 5.62 30.8 11 Denver Broncos $1,940 34% 6% $346 $65.8 5.61 29.5 12 Baltimore Ravens $1,930 29% 14% $345 $59.8 5.59 32.3 13 Pittsburgh Steelers $1,900 41% 11% $334 $54.0 5.69 35.2 14 Indianapolis Colts $1,880 34% 3% $321 $90.1 5.86 20.9 15 Seattle Seahawks $1,870 41% 6% $334 $43.6 5.60 42.9 16 Miami Dolphins $1,850 42% 19% $322 $41.5 5.75 44.6 17 Atlanta Falcons $1,670 48% 51% $303 $25.4 5.51 65.7 18 Minnesota Vikings $1,590 38% 31% $281 $34.5 5.66 46.1 19 Carolina Panthers $1,560 25% 4% $325 $77.8 4.80 20.1 20 Arizona Cardinals $1,540 54% 10% $308 $57.2 5.00 26.9 21 Kansas City Chiefs $1,530 39% 5% $307 $48.6 4.98 31.5 22 San Diego Chargers $1,530 53% 7% $304 $64.8 5.03 23.6 23 New Orleans Saints $1,520 36% 5% $322 $70.0 4.72 21.7 24 Tampa Bay Buccaneers $1,510 23% 12% $313 $55.2 4.82 27.4 25 Cleveland Browns $1,500 34% 13% $313 $34.7 4.79 43.2 26 Tennessee Titans $1,490 28% 10% $318 $50.5 4.69 29.5 27 Jac ksonville Jaguars $1,480 53% 7% $315 $67.0 4.70 22.1 28 St Louis Rams $1,450 56% 8% $290 $34.0 5.00 42.6 29 Cincinnati Bengals $1,450 46% 7% $296 $55.5 4.90 26.1 30 Detroit Lions $1,440 50% 19% $298 $36.1 4.83 39.9 31 Oakland Raiders $1,430 47% 14% $285 $39.0 5.02 36.7 32 Buffalo Bills $1,400 50% 14% $296 $44.2 4.73 31.7 NFL 32 Team Average $1,965.9 40% 12% $346.6 $76.2 5.67 25.8 Source: Forbes and John Vrooman NFL Venue Revolution since 1995 Expansion Year Total Luxury Club PSL G-3/4 PSL Total Private Public Private Public Franchise Stadium Open Seats Suites Seats Seats Loan Fees Cost Cost Cost Share Share Relocation-Extortion Jacksonville Jaguars EverBank Field† 1995 73.0 85 11.2 … … … $141 $20 $121 14.2% 85.8% St. Louis Rams Edward Jones Dome 1995 65.3 124 6.2 53.5 … $78 $299 $0 $299 0.0% 100.0% Oakland Raiders O.co Coliseum 1995 63.1 143 6.3 39.0 … $68 $128 $0 $128 0.0% 100.0% Carolina Panthers Bank of America Stadium 1996 73.4 158 11.4 62.5 … $122 $248 $187 $61 76.3% 24.6% San Diego Chargers Qualcomm Stadium† 1997 71.5 113 7.8 … … … $78 $18 $60 23.1% 76.9% Washington Redskins FedEx Stadium 1997 91.7 284 15.0 … … … $251 $180 $71 72.0% 28.3% Baltimore Ravens M&T Bank Stadium 1998 69.3 108 7.9 60.2 … $65 $229 $29 $200 12.7% 87.3% Tampa Bay Bucs Raymond James Stadium 1998 66.3 195 12.3 … … … $169 $15 $154 8.9% 91.1% Tennessee Titans LP Field 1999 67.7 143 9.6 58.2 … $71 $292 $71 $221 24.3% 75.7% Cleveland Browns First Energy Stadium 1999 73.2 147 8.8 57.0 … $25 $314 $79 $235 25.2% 74.8% Cincinnati Bengals Paul Brown Stadium 2000 65.6 114 7.6 58.0 … $26 $458 $44 $414 9.6% 90.4% Pittsburgh Steelers Heinz Field 2001 64.5 129 6.6 45.0 … $37 $284 $113 $171 39.8% 60.2% Houston Texans NRG Stadium 2002 69.5 191 8.3 44.0 … $50 $449 $132 $317 33.1% 70.6% $2,210 Extortion Totals 13 Venues 70.3 149 9.2 53.0 $0 $542 $3,340 $888 $2,452 26.6% 73.4% G-3/4 Loan Program Denver Broncos Sports Authority Field 2001 76.2 124 8.2 … $48 … $401 $100 $301 24.9% 75.1% New England Patriots Gillette Stadium 2002 68.8 80 6.0 … $141 … $412 $340 $72 82.5% 17.5% Detroit Lions Ford Field 2002 64.4 132 8.6 … $100 … $500 $375 $125 75.0% 25.0% Seattle Seahawks CenturyLink Field 2002 67.0 82 7.7 8.3 $63 $17 $430 $130 $300 30.2% 69.8% Philadelphia Eagles Lincoln Financial Field 2003 67.6 172 10.8 29.0 $125 $70 $518 $330 $188 63.7% 36.3% Chicago Bears New Soldier Field 2003 61.5 133 8.6 27.5 $100 $70 $632 $200 $432 31.6% 68.4% Green Bay Packers Lambeau Field† 2003 71.0 167 6.3 58.0 $13 $93 $295 $126 $169 42.7% 57.3% Arizona Cardinals University of Phoenix 2006 63.4 88 7.5 … $42 … $455 $147 $308 32.3% 67.7% Indianapolis Colts Lucas Oil Stadium 2008 63.0 142 7.1 … $33 … $675 $100 $575 14.8% 85.2% Dallas Cowboys AT&T Stadium 2009 80.0 320 15.0 66.0 $76 470 $1,200 $850 $350 70.8% 29.2% Kansas City Chiefs Arrowhead Stadium† 2010 77.1 133 10.0 … $43 … $375 $125 $250 33.3% 66.7% New York Giants/Jets MetLife Stadium 2010 82.5 217 10.0 55.5 $300 $800 $1,600 $1,600 $0 100.0% 0.0% San Francisco 49ers Levis Stadium (G-4) 2014 68.5 170 9.0 68.5 $200 $312 $1,310 $1,196 $114 91.3% 8.7% Minnesota Vikings US Bank Stadium (G-4) 2016 65.4 131 8.0 49.0 $200 $151 $1,027 $529 $498 51.5% 48.5% $1,381 Atlanta Falcons Mercedes Benz Stadium (G-4) 2017 71.0 180 7.5 71.0 $200 $200 $1,400 $600 $800 42.9% 57.1% G-3/4 Totals 15 Venues 69.8 151.4 8.7 48.1 $1,684 $2,183 $11,230 $6,748 $4,482 60.1% 39.9% Grand Total 28 Venues 70.1 150.2 8.9 50.6 $1,684 $2,725 $14,570 $7,636 $6,934 52.4% 47.6% Following the aborted move of New England Patriots to Hartford Connecticut in 1999, the League established the G-3 loan program for venue construction (Amendment 1999 G-3 NFL Bylaws). Using a debt facility backed by TV revenues, the NFL loaned up to 50 percent of private stadium contribution for top six TV markets ($150 million maximum) and up to 34 percent of the private share for smaller markets ($100 million maximum). G-3 loans are repaid from visiting team share of club-seat premiums The G-3 program ended in 2007 and after the 2008 financial crisis was it was replaced by the G-4 program ($200 million maximum) in 2011 *Private cost includes G-3/4 League loans and PSL fees as the present value of season ticket discounts over time. †Stadium renovations Source: John Vrooman, Vanderbilt University

Carolina Panthers Los Angeles Rams/Raiders Bank of America Stadium (1996) L.A. Memorial Coliseum (1923) Seating Capacity Seating Capacity 91,000 Lower Bowl: 22,714 Club Level: 11,209. Suites: 2,717 Total Lower Bowl/Suite Seating: 36,640 Upper Bowl: 37,138 Total Stadium: 73,778 Cost $248 million. Private share 76.3% The Cost of NHL Southern Expansion Strategy

In 1993-94 the league spent 57 percent of league revenues for player salaries. That year the player’s salaries took up $414 million of the league's $732 million in revenues. Player costs approached 76 percent of revenues at the time of the lockout in 2004-05. Beginning in 2005-06 the NHL salary cap sets the player cost limit at 57 percent of “Hockey Related Revenue.”

NHL Cost Squeeze before the 2004-05 Lockout

1993-94 2002-03 Average Player Salary $558,000 $1,790,000 Total NHL Revenues $732 million $1.93 billion Total Player Salaries $414 million $1.46 billion Player Cost Squeeze 56.6% 75.6% Source: John Vrooman and NHL

NHL Player Salaries “Southern Strategy”

Season Avg. Salary

1990-91 $276,000 1991-92 $368,000 1992-93 $465,000 1993-94 $558,000 1994-95 $733,000 1995-96 $892,000 1996-97 $981,000 1997-98 $1,167,713 1998-99 $1,288,974 1999-00 $1,356,380 2000-01 $1,434,885 2001-02 $1,642,590 2002-03 $1,790,209 2003-04 $1,830,126 2004-05 Lockout 2005-06 $1,460,000

Source: John Vrooman and NHL

Proposed NHL Expansion/Relocation 32 Teams RNK Designated Market Area (DMA) TVHH NFL MLB NBA NHL TOT X/R 5 Toronto/GTA 2.957 0 1 1 1 3 X1 14 Seattle-Tacoma 1.848 1 1 0 0 2 X2 13 Phoenix 1.855 1 1 1 1 4 R1 19 Montreal/Quebec City 1.526 0 0 0 1 1 R1 17 Miami-Ft. Lauderdale 1.663 1 1 1 1 4 R2 25 Portland, OR 1.185 0 0 1 0 1 R2 27 Raleigh-Durham 1.165 0 0 0 1 1 R3 33Hartford & New Haven 1.00000000R3 45Las Vegas 0.72600000R4 Expansion (X) and relocation (R) markets Source: John Vrooman

National Hockey League Values 2015 Rank Team 2015 Value Change D/V Revenue Earnings P/E V/R 1 $1,200 9% 0% $229 $83.10 14.4 5.24 2 $1,175 18% 20% $219 $91.30 12.9 5.37 3 Toronto Maple Leafs $1,150 -12% 11% $192 $70 16.4 5.99 4 Chicago Blackhawks $925 12% 0% $182 $44.80 20.6 5.08 5 $750 0% 0% $158 $26.60 28.2 4.75 6 Vancouver Canucks $745 -7% 11% $152 $35.50 21.0 4.90 7 $660 6% 9% $146 $13.60 48.5 4.52 8 $600 5% 33% $135 $3.70 162.2 4.44 9 Los Angeles Kings $580 0% 16% $132 $2.20 263.6 4.39 10 Washington Capitals $565 13% 23% $132 $5.80 97.4 4.28 11 Pittsburgh Penguins $560 -1% 20% $151 $20.20 27.7 3.71 12 $455 -4% 18% $119 $17.20 26.5 3.82 13 Dallas Stars $450 7% 33% $132 $17.50 25.7 3.41 14 San Jose Sharks $445 5% 11% $126 $8.20 54.3 3.53 15 Calgary Flames $435 -4% 6% $130 $25.90 16.8 3.35 16 Anaheim Ducks $400 10% 16% $122 ($0.80) -500.0 3.28 17 Minnesota Wild $380 3% 30% $125 $1.10 345.5 3.04 18 Ottawa Senators $370 -7% 34% $119 $18.50 20.0 3.11 19 Colorado Avalanche $360 0% 0% $106 ($3.70) -97.3 3.40 20 Winnipeg Jets $350 -2% 37% $116 $10.90 32.1 3.02 21 New Jersey Devils $330 0% 79% $125 $4.50 73.3 2.64 22 New York Islanders $325 8% 31% $93 ($14) -23.2 3.49 23 $300 4% 27% $113 $2.80 107.1 2.65 24 St Louis Blues $270 15% 24% $111 ($7.10) -38.0 2.43 25 Tampa Bay Lightning $260 13% 17% $121 ($1.40) -185.7 2.15 26 Nashville Predators $255 2% 33% $110 $2 127.5 2.32 27 Columbus Blue Jackets $226 13% 33% $99 $4.50 50.2 2.28 28 Carolina Hurricanes $225 2% 53% $99 ($11.70) -19.2 2.27 29 Arizona Coyotes $220 -2% 63% $92 ($4.50) -48.9 2.39 30 Florida Panthers $186 -2% 62% $93 ($20.20) -9.2 2.00 NHL Averages $505.07 3% 25% $132.63 $14.88 33.94 3.81 Source: Forbes and John Vrooman

NHL Attendance Report - 2014-15 NHL Attendance Report - 2015-16 RK TEAM GMS AVG Capacity RK TEAM GMS 2015-16 Capacity 1 Chicago 41 21,769 110.4% 1 Chicago 27 21,761 110.4% 2 Montreal 41 21,286 100.1% 2 Montreal 23 21,288 100.1% 3 Detroit 41 20,027 100.0% 3 Detroit 26 20,027 100.0% 4 Philadelphia 41 19,270 98.6% 4 Boston 25 19,552 116.0% 5 Washington 41 19,099 105.8% 5 Toronto 22 19,314 102.6% 6 Calgary 41 19,097 99.0% 6 Calgary 23 19,135 99.2% 7 Toronto 41 19,062 101.3% 7 Philadelphia 22 19,121 97.9% 8 Minnesota 41 19,023 106.0% 8 Tampa Bay 24 19,092 100.0% 9 Tampa Bay 41 18,823 98.0% 9 Minnesota 24 19,040 106.0% 10 Vancouver 41 18,710 98.9% 10 Pittsburgh 24 18,557 100.9% 11 San Jose 41 18,707 109.2% 11 Washington 22 18,510 100.0% 12 Pittsburgh 41 18,617 101.3% 12 Buffalo 26 18,415 96.6% 13 Buffalo 41 18,580 97.4% 13 Vancouver 21 18,411 97.4% 14 St. Louis 41 18,545 96.8% 14 Dallas 24 18,295 98.7% 15 Los Angeles 41 18,265 100.2% 15 Los Angeles 24 18,259 100.2% 16 Ottawa 41 18,246 95.3% 16 St. Louis 27 18,139 94.7% 17 NY Rangers 41 18,006 100.0% 17 NY Rangers 24 18,006 100.0% 18 Boston 41 17,565 100.0% 18 Ottawa 23 17,932 93.6% 19 Dallas 41 17,350 93.6% 19 Nashville 23 16,910 98.8% 20 Anaheim 41 16,874 98.3% 20 Edmonton 24 16,839 100.0% 21 Nashville 41 16,854 98.5% 21 San Jose 23 16,771 95.5% 22 Edmonton 41 16,839 100.0% 22 Anaheim 26 16,237 94.5% 23 Colorado 41 16,176 89.8% 23 Colorado 25 16,160 89.7% 24 Columbus 41 15,511 85.5% 24 Winnipeg 23 15,294 101.9% 25 NY Islanders 41 15,334 94.8% 25 Florida 24 14,523 85.2% 26 New Jersey 41 15,189 86.2% 26 New Jersey 24 14,512 82.3% 27 Winnipeg 41 15,037 100.2% 27 Columbus 23 13,721 75.6% 28 Arizona 41 13,345 77.9% 28 NY Islanders 25 13,259 83.9% 29 Carolina 41 12,594 67.4% 29 Arizona 25 13,066 76.3% 30 Florida 41 11,265 66.1% 30 Carolina 25 11,440 61.2% Full season As of 1/23/2016

NHL Standings January 2016 Eastern Conference WIN% GP W L OTL PTS Western Conference WIN% GP W L OTL PTS ATLANTIC CENTRAL Florida .583 48 28 15 5 61 Chicago .635 52 33 15 4 70 Tampa Bay .542 48 26 18 4 56 Dallas .612 49 30 14 5 65 Detroit .500 48 24 16 8 56 St. Louis .538 52 28 16 8 64 Boston .532 47 25 17 5 55 Colorado .520 50 26 21 3 55 Montreal .500 48 24 20 4 52 Minnesota .479 48 23 17 8 54 Ottawa .469 49 23 20 6 52 Nashville .458 48 22 18 8 52 Toronto .370 46 17 20 9 43 Winnipeg .438 48 21 24 3 45 Buffalo .396 48 19 25 4 42 METROPOLITAN PACIFIC Washington .761 46 35 8 3 73 Los Angeles .625 48 30 15 3 63 NY Rangers .542 48 26 17 5 57 San Jose .532 47 25 18 4 54 NY Islanders .543 46 25 15 6 56 Arizona .489 47 23 19 5 51 New Jersey .510 49 25 19 5 55 Vancouver .408 49 20 18 11 51 Pittsburgh .489 47 23 17 7 53 Anaheim .457 46 21 18 7 49 Carolina .440 50 22 20 8 52 Calgary .457 46 21 22 3 45 Philadelphia .444 45 20 17 8 48 Edmonton .380 50 19 26 5 43 Columbus .347 49 17 27 5 39

National Hockey League Expansion: Plan B Current 30 Club Alignment Proposed NHL Expansion 32 Clubs

Eastern Conference Western Conference Eastern Conference Western Conference

ATLANTIC CENTRAL Orr Division Hull Division Boston Bruins Chicago Blackhawks Northeast Midwest Montreal Canadiens St. Louis Blues Boston Bruins Chicago Blackhawks Florida Panthers Minnesota Wild Montreal Canadiens St. Louis Blues Detroit Red Wings Dallas Stars Hartford Whalers (Florida) Minnesota Wild Ottawa Senators Winnipeg Jets Quebec City (Expansion) Columbus (New Conference) Toronto Maple Leafs Nashville Predators Buffalo Sabres Colorado Avalanche Great Lakes Mid-South Tampa Bay Lightning Detroit Red Wings Dallas Stars Ottawa Senators Winnipeg Jets METROPOLITAN PACIFIC Toronto Maple Leafs Nashville Predators NY Rangers Los Angeles Kings Buffalo Sabres Colorado Avalanche NY Islanders San Jose Sharks New Jersey Devils Anaheim Ducks Lemieux Division Gretzky Division Pittsburgh Penguins Arizona Coyotes Metropolitan Southwest Philadelphia Fyers Vancouver Canucks NY Rangers Los Angeles Kings Washington Capitals Calgary Flames NY Islanders San Jose Sharks Carolina Hurricanes Edmonton Oilers New Jersey Devils Anaheim Ducks Columbus Blue Jackets Tampa Bay (New Division) Las Vegas (Arizona)

Mid-Atlantic Northwest Relocation Pittsburgh Penguins Vancouver Canucks Realignment Philadelphia Fyers Calgary Flames Expansion Washington Capitals Edmonton Oilers Carolina Hurricanes Seattle (Expansion) John Vrooman, Vanderbilt University

http://www.tomfulery.com/nhl‐realignment‐maps/

Big 4 Win Distributions for 2015 NFL MLB NBA NHL Carolina Panthers .938 St. Louis Cardinals .617 Golden State Warriors .817 New York Rangers .646 Arizona Cardinals .813 Pittsburgh Pirates .605 Atlanta Hawks .732 Anaheim Ducks .622 Cincinnati Bengals .750 Chicago Cubs .599 .683 St. Louis Blues .622 Denver Broncos .750 Kansas City Royals .586 Los Angeles Clippers .683 Montreal Canadiens .610 New England Patriots .750 Toronto Blue Jays .574 Memphis Grizzlies .671 Tampa Bay Lightning .610 Kansas City Chiefs .688 Los Angeles Dodgers .568 .671 Chicago Blackhawks .585 Minnesota Vikings .688 N.Y. Mets .556 Cleveland Cavaliers .646 Vancouver Canucks .585 Green Bay Packers .625 Rangers .543 Portland Trail Blazers .622 Nashville Predators .573 New York Jets .625 N.Y. Yankees .537 Chicago Bulls .610 New York Islanders .573 Pittsburgh Steelers .625 .531 .610 Minnesota Wild .561 Seattle Seahawks .625 Los Angeles Angels .525 Toronto Raptors .598 Calgary Flames .549 Houston Texans .563 San Francisco Giants .519 Washington Wizards .561 Washington Capitals .549 Washington Redskins .563 Minnesota Twins .512 New Orleans Hornets .549 Detroit Red Wings.524 Atlanta Falcons .500 Washington Nationals .512 Oklahoma City Thunder .549 Ottawa Senators .524 Buffalo Bills .500 Cleveland Indians .503 Milwaukee Bucks .500 Pittsburgh Penguins .524 Indianapolis Colts .500 Baltimore Orioles .500 Boston Celtics .488 Winnipeg Jets .524 Detroit Lions .438 Tampa Bay D-Rays .494 Phoenix Suns .476 Columbus Blue Jackets .512 New Orleans Saints .438 Arizona D-Backs .488 Brooklyn Nets .463 Boston Bruins .500 Oakland Raiders .438 Boston Red Sox .481 Indiana Pacers .463 Dallas Stars .500 Philadelphia Eagles .438 Chicago White Sox .469 Utah Jazz .463 Los Angeles Kings.488 St. Louis Rams .438 Seattle Mariners .469 Miami Heat .451 San Jose Sharks .488  Chicago Bears .375 Detroit Tigers .460 Charlotte Bobcats .402 Colorado Avalanche .476 Miami Dolpins .375 San Diego Padres .457 Detroit Pistons .390 Florida Panthers .463 New York Giants .375 Miami Marlins .438 Denver Nuggets .366 Philadelphia Flyers .402 Tampa Buccaneers .375 Colorado Rockies .420 Sacramento Kings .354 New Jersey Devils .390 Baltimore Ravens .313 Milwaukee Brewers .420 Orlando Magic .305 Carolina Hurricanes .366 Jacksonville Jaguars .313 Oakland Athletics .420 Los Angeles Lakers .256 Toronto Maple Leafs .366 San Francisco 49ers .313 Atlanta Braves .414 Philadelphia 76ers .220 Phoenix Coyotes .293 Dallas Cowboys .250 Cincinnati Reds .395 New York Knicks .207 Edmonton Oilers .293 San Diego Chargers .250 Philadelphia Phillies .389 Minnesota T-Wolves .195 Buffalo Sabres .280 Cleveland Browns .188 Tennessee Titans .188 ∗ .5⁄  balance = 

ideal for n=16 .125  ideal for n=162 .039  ideal for n=82 .055  ideal for n=82 .055  actual for 2015 .190  actual for 2015 .064  actual for 2014-15 .164  actual for 2014-15 .103  balance index .656  balance index .610  balance index .336  balance index .538 Source: John Vrooman, Vanderbilt University

Does it pay to win in the NFL? ($M) Years Win% Period Win% TVHH Base 1 2015 -$225.9 $470.3 $1,268.6 5 2011-2015 $1,307.5 $474.9 $493.6 10 2006-2015 $1,919.6 $446.0 $237.3 15 2001-2015 $1,972.4 $452.1 $200.6 20 1996-2015 $2,549.6 $465.4 -$106.6 Value = Base + b (Win%) + c (TVHH) coefficients significant @ .01 2015 averages: NFL Values=$1965.9; Win%=.500; TVHH=1.723 Source: John Vrooman, Vanderbilt University National Football League Franchise Values 2015 Rank Team Value D/V Revenue Income V/R 1 Dallas Cowboys $4,000 5% $620 $270.0 6.45 2 New England Patriots $3,200 7% $494 $195.0 6.48 3 Washington Redskins $2,850 8% $439 $124.9 6.49 4 New York Giants $2,800 18% $400 $105.2 7.00 5 San Francisco 49ers $2,700 21% $427 $123.7 6.32 6 New York Jets $2,600 23% $383 $118.4 6.79 7 Houston Texans $2,500 7% $383 $114.6 6.53 8 Chicago Bears $2,450 4% $352 $85.7 6.96 9 Philadelphia Eagles $2,400 8% $370 $88.7 6.49 10 Green Bay Packers $1,950 6% $347 $63.3 5.62 11 Denver Broncos $1,940 6% $346 $65.8 5.61 12 Baltimore Ravens $1,930 14% $345 $59.8 5.59 13 Pittsburgh Steelers $1,900 11% $334 $54.0 5.69 14 Indianapolis Colts $1,880 3% $321 $90.1 5.86 15 Seattle Seahawks $1,870 6% $334 $43.6 5.60 16 Miami Dolphins $1,850 19% $322 $41.5 5.75 17 Atlanta Falcons $1,670 51% $303 $25.4 5.51 18 Minnesota Vikings $1,590 31% $281 $34.5 5.66 19 Carolina Panthers $1,560 4% $325 $77.8 4.80 20 Arizona Cardinals $1,540 10% $308 $57.2 5.00 21 Kansas City Chiefs $1,530 5% $307 $48.6 4.98 22 San Diego Chargers $1,530 7% $304 $64.8 5.03 23 New Orleans Saints $1,520 5% $322 $70.0 4.72 24 Tampa Bay Buccaneers $1,510 12% $313 $55.2 4.82 25 Cleveland Browns $1,500 13% $313 $34.7 4.79 26 Tennessee Titans $1,490 10% $318 $50.5 4.69 27 Jacksonville Jaguars $1,480 7% $315 $67.0 4.70 28 St Louis Rams $1,450 8% $290 $34.0 5.00 29 Cincinnati Bengals $1,450 7% $296 $55.5 4.90 30 Detroit Lions $1,440 19% $298 $36.1 4.83 31 Oakland Raiders $1,430 14% $285 $39.0 5.02 32 Buffalo Bills $1,400 14% $296 $44.2 4.73 32 Team Average $1,966 12% $347 $76.2 5.67 Source: John Vrooman and Forbes

Major League Baseball Franchise Values 2015 Rank Team Value D/V Revenue Income V/R 1 New York Yankees $3,200 0% $508 $8.1 6.30 2 Los Angeles Dodgers $2,400 17% $403 ($12.2) 5.96 3 Boston Red Sox $2,100 0% $370 $49.2 5.68 4 San Francisco Giants $2,000 4% $387 $68.4 5.17 5 Chicago Cubs $1,800 24% $302 $73.3 5.96 6 St Louis Cardinals $1,400 21% $294 $73.6 4.76 7 New York Mets $1,350 26% $263 $25.0 5.13 8 Los Angeles Angels $1,300 0% $304 $16.7 4.28 9 Washington Nationals $1,280 27% $287 $41.4 4.46 10 Philadelphia Phillies $1,250 8% $265 ($39.0) 4.72 11 $1,220 13% $266 $3.5 4.59 12 Atlanta Braves $1,150 0% $267 $33.2 4.31 13 Detroit Tigers $1,125 15% $254 ($20.7) 4.43 14 Seattle Mariners $1,100 0% $250 $26.4 4.40 15 Baltimore Orioles $1,000 15% $245 $31.4 4.08 16 Chicago White Sox $975 5% $227 $31.9 4.30 17 Pittsburgh Pirates $900 10% $229 $43.6 3.93 18 Minnesota Twins $895 25% $223 $21.3 4.01 19 San Diego Padres $890 22% $224 $35.0 3.97 20 Cincinnati Reds $885 6% $227 $2.2 3.90 21 Milwaukee Brewers $875 6% $226 $11.3 3.87 22 Toronto Blue Jays $870 0% $227 ($17.9) 3.83 23 Colorado Rockies $855 7% $214 $12.6 4.00 24 Arizona Diamondbacks $840 17% $211 ($2.2) 3.98 25 Cleveland Indians $825 9% $207 $8.9 3.99 26 Houston Astros $800 34% $175 $21.6 4.57 27 Oakland Athletics $725 8% $202 $20.8 3.59 28 Kansas City Royals $700 8% $231 $26.6 3.03 29 Miami Marlins $650 34% $188 $15.4 3.46 30 Tampa Bay Rays $625 22% $188 $7.9 3.32 30-Team Averages $1,200 13% $262 $20.6 4.58 Source: John Vrooman and Forbes

National Basketball Association Franchise Values 2015 Rank Team Value D/V Revenue Income V/R 1 Los Angeles Lakers $2,600 2% $293 $104.1 8.87 2 New York Knicks $2,500 0% $278 $53.4 8.99 3 Chicago Bulls $2,000 3% $201 $65.3 9.95 4 Boston Celtics $1,700 9% $173 $54.9 9.83 5 Los Angeles Clippers $1,600 0% $146 $20.1 10.96 6 Brooklyn Nets $1,500 19% $212 ($99.4) 7.08 7 Golden State Warriors $1,300 12% $168 $44.9 7.74 8 Houston Rockets $1,250 8% $175 $38.0 7.14 9 Miami Heat $1,175 8% $188 $12.6 6.25 10 Dallas Mavericks $1,150 17% $168 $30.4 6.85 11 San Antonio Spurs $1,000 8% $172 $40.9 5.81 12 Portland Trail Blazers $940 11% $153 $11.7 6.14 13 Oklahoma City Thunder $930 15% $152 $30.8 6.12 14 Toronto Raptors $920 16% $151 $17.9 6.09 15 Cleveland Cavaliers $915 22% $149 $20.6 6.14 16 Phoenix Suns $910 20% $145 $28.2 6.28 17 Washington Wizards $900 14% $143 $10.1 6.29 18 Orlando Magic $875 17% $143 $20.9 6.12 19 Denver Nuggets $855 1% $136 $14.0 6.29 20 Utah Jazz $850 6% $142 $32.7 5.99 21 Indiana Pacers $830 18% $139 $25.0 5.97 22 Atlanta Hawks $825 21% $133 $14.8 6.20 23 Detroit Pistons $810 23% $144 $17.6 5.63 24 Sacramento Kings $800 29% $125 $8.9 6.40 25 Memphis Grizzlies $750 23% $135 $10.5 5.56 26 Charlotte Bobcats $725 21% $130 $1.2 5.58 27 Philadelphia 76ers $700 21% $125 $24.4 5.60 28 New Orleans Pelicans $650 19% $131 $19.0 4.96 29 Minnesota Timberwolves $625 16% $128 $6.9 4.88 30 Milwaukee Bucks $600 29% $110 $11.5 5.45 30-Team Averages $1,106 14% $159.6 $23.1 6.93 Source: John Vrooman and Forbes

National Hockey League Franchise Values 2015 Rank Team 2015 Value D/V Revenue Income V/R 1 New York Rangers $1,200 0% $229 $83.1 5.24 2 Montreal Canadiens $1,175 20% $219 $91.3 5.37 3 Toronto Maple Leafs $1,150 11% $192 $70.0 5.99 4 Chicago Blackhawks $925 0% $182 $44.8 5.08 5 Boston Bruins $750 0% $158 $26.6 4.75 6 Vancouver Canucks $745 11% $152 $35.5 4.90 7 Philadelphia Flyers $660 9% $146 $13.6 4.52 8 Detroit Red Wings $600 33% $135 $3.7 4.44 9 Los Angeles Kings $580 16% $132 $2.2 4.39 10 Washington Capitals $565 23% $132 $5.8 4.28 11 Pittsburgh Penguins $560 20% $151 $20.2 3.71 12 Edmonton Oilers $455 18% $119 $17.2 3.82 13 Dallas Stars $450 33% $132 $17.5 3.41 14 San Jose Sharks $445 11% $126 $8.2 3.53 15 Calgary Flames $435 6% $130 $25.9 3.35 16 Anaheim Ducks $400 16% $122 ($0.8) 3.28 17 Minnesota Wild $380 30% $125 $1.1 3.04 18 Ottawa Senators $370 34% $119 $18.5 3.11 19 Colorado Avalanche $360 0% $106 ($3.7) 3.40 20 Winnipeg Jets $350 37% $116 $10.9 3.02 21 New Jersey Devils $330 79% $125 $4.5 2.64 22 New York Islanders $325 31% $93 ($14.0) 3.49 23 Buffalo Sabres $300 27% $113 $2.8 2.65 24 St Louis Blues $270 24% $111 ($7.1) 2.43 25 Tampa Bay Lightning $260 17% $121 ($1.4) 2.15 26 Nashville Predators $255 33% $110 $2.0 2.32 27 Columbus Blue Jackets $226 33% $99 $4.5 2.28 28 Carolina Hurricanes $225 53% $99 ($11.7) 2.27 29 Arizona Coyotes $220 63% $92 ($4.5) 2.39 30 Florida Panthers $186 62% $93 ($20.2) 2.00 30-Team Averages $505 25% $132.6 $14.9 3.81 Source: John Vrooman and Forbes NA Big Four and European Big Five League Revenues 2014 ($ Billions) League Revenues TV Revenues TV Percent Player Cost National Football League $10.0 $6.6 66% 49% Major League Baseball $8.0 $1.6 19% 47% English Premier League $5.3 $2.9 54% 58% National Basketball Association $4.8 $2.6 54% 46% National Hockey League $3.7 $0.6 17% 50% German Bundesliga $3.2 $0.9 27% 49% Spanish La Liga $2.7 $1.1 40% 60% Italian Serie A $2.3 $1.2 50% 70% French Ligue 1 $2.1 $1.0 47% 64% Source: Vrooman Sports Economics and Deloitte Sports Business Group E-rate 6/30/2014: 1€= £.833 = $1.37 Expected EPL TV rights of £3 billion per season 2016-19 will jump to $4.7 billion at 1£ = $1.5 TVRightsFees

$7,000 $6,580 $6,000 $5,000 $4,065 $4,000 $3,000 $2,600 $2,000 $1,550 $930 $803 $633 $771 $545 $608 $1,000 $148 $175 $0 NFL NBA MLB NHL NCAAB CFP/BCS

Annualrights Previousfees   TV RIGHTS FEES EXPLOSION League Annual rights fees Years Term Previous fees Growth National Football League (season) $6,580,000,000 9 2014-22 $4,065,000,000 1.62 National Basketball Association (season) $2,600,000,000 9 2016-25 $930,000,000 2.80 Major League Baseball (season) $1,550,000,000 8 2014-21 $803,000,000 1.93 National Hockey League (season) $633,000,000 10 2012-21 $148,000,000 4.28 NCAAB Tournament (67 games) $771,000,000 24 2011-34 $545,000,000 1.41 BCS/College Football Playoff (7 games) $608,000,000 12 2015-27 $175,000,000 3.47 Source: Vanderbilt Sports Economics 

CFPPayouts

$87.5 $90.0 $83.5 $80.0 $69.8 $70.0 $60.0 $60.0 $60.0 $58.0 $50.0 $40.0 $30.2 $30.2 $30.2 $30.2 $28.9 $30.0 $23.9 $20.0 $10.0 $0.0 SEC ACC PAC12 BIG10 BIG12 POWER5

CFP2015 BCS2014  



 FBS BUDGET 2013-14 CONF REVENUE EXPENSE PROFIT 5%-REV SALARY RATIO HEAD COACH FBS BUDGET 2013-14 CONF REVENUE EXPENSE PROFIT 5%-REV SALARY RATIOHEAD COACH Texas Big 12 $112.51 $38.43 $74.08 $5.63 $5.00 4.4% Charlie Strong Cincinnati AAC $14.56 $14.56 $0.00 $0.73 $2.20 15.1% Tommy Tuberville Alabama SEC $94.99 $41.72 $53.27 $4.75 $7.16 7.5% Nick Saban South Florida AAC $13.89 $12.13 $1.76 $0.69 $1.18 8.5% Willie Taggart Michigan Big Ten $91.38 $26.76 $64.63 $4.57 $2.86 3.1% Brady Hoke Southern Methodist AAC $12.94 $12.94 $0.00 $0.65 $2.02 15.6% June Jones LSU SEC $87.87 $37.86 $50.01 $4.39 $4.37 5.0% Les Miles Temple AAC $12.89 $12.89 $0.00 $0.64 $1.30 10.1% Matt Rhule Notre Dame Ind. $80.56 $32.76 $47.80 $4.03 $1.46 1.8% Brian Kelly Colorado State Mt. West $12.04 $12.04 $0.00 $0.60 $1.50 12.5% Jim McElwain Georgia SEC $77.16 $27.25 $49.91 $3.86 $3.31 4.3% Mark Richt Memphis AAC $11.94 $11.94 $0.00 $0.60 $1.01 8.4% Justin Fuente Oklahoma Big 12$71.37 $28.11 $43.26 $3.57 $5.06 7.1% Bob Stoops San Diego State Mt. West $11.83 $12.39 -$0.56 $0.59 $0.80 6.8% Rocky Long Tennessee SEC $70.48 $21.67 $48.81 $3.52 $2.96 4.2% Butch Jones Texas-El Paso CUSA $11.76 $8.66 $3.10 $0.59 $0.51 4.3% Sean Kugler Florida SEC $69.25 $23.04 $46.21 $3.46 $2.73 3.9% Will Muschamp Rice CUSA $11.54 $11.54 $0.00 $0.58 $0.78 6.8% David Bailiff Penn State Big Ten $68.02 $31.49 $36.53 $3.40 $4.30 6.3% James Franklin Fresno State Mt. West $11.15 $10.32 $0.83 $0.56 $1.44 12.9% Tim DeRuyter Washington PAC-12 $67.73 $29.10 $38.63 $3.39 $3.68 5.4% Chris Petersen Connecticut AAC $10.63 $14.38 -$3.75 $0.53 $1.50 14.1% Bob Diaco Ohio State Big Ten $65.77 $23.38 $42.39 $3.29 $4.54 6.9% Urban Meyer Tulsa AAC $10.01 $10.01 $0.00 $0.50 $0.76 7.6% Bill Blankenship Nebraska Big Ten $60.16 $23.84 $36.32 $3.01 $3.08 5.1% Bo Pelini East Carolina AAC $9.96 $9.88 $0.08 $0.50 $1.25 12.6% Ruffin McNeill Texas A&M SEC $57.72 $23.73 $34.00 $2.89 $5.01 8.7% Hawaii Mt. West $9.82 $9.82 $0.00 $0.49 $0.62 6.3% Norm Chow Florida State ACC $57.39 $32.86 $24.53 $2.87 $3.59 6.3% Jimbo Fisher Wyoming Mt. West $9.63 $7.51 $2.11 $0.48 $0.83 8.6% Craig Bohl Arkansas SEC $57.06 $28.07 $28.98 $2.85 $3.21 5.6% Bret Bielema Houston AAC $9.38 $9.38 $0.00 $0.47 $1.03 10.9% Tony Levine Oregon PAC-12 $55.98 $18.23 $37.75 $2.80 $2.00 3.6% Mark Helfrich North Texas CUSA $9.13 $7.33 $1.80 $0.46 $0.71 7.8% Dan McCarney South Carolina SEC $55.62 $26.10 $29.51 $2.78 $4.02 7.2% Steve Spurrier Middle Tennessee State CUSA $9.04 $9.04 $0.00 $0.45 $0.80 8.9% Rick Stockstill Iowa Big Ten $53.62 $24.13 $29.49 $2.68 $4.08 7.6% Kirk Ferentz Alabama at Birmingham CUSA $8.98 $8.96 $0.02 $0.45 $0.50 5.6% Bill Clark Michigan State Big Ten $52.79 $26.68 $26.12 $2.64 $5.64 10.7% Mark Dantonio Marshall CUSA $8.64 $8.25 $0.39 $0.43 $0.61 7.1% Doc Holliday Auburn SEC $49.64 $49.64 $0.00 $2.48 $3.85 7.8% Gus Malzahn Florida Atlantic CUSA $8.44 $8.44 $0.00 $0.42 $0.50 5.9% Charlie Partridge Arizona State PAC-12 $48.98 $27.12 $21.86 $2.45 $2.70 5.5% Todd Graham Ohio MAC $8.42 $7.70 $0.71 $0.42 $0.55 6.6% Frank Solich Oklahoma State Big 12 $48.64 $22.23 $26.41 $2.43 $3.50 7.2% Mike Gundy Nevada-Las Vegas Mt. West $8.34 $8.34 $0.00 $0.42 $0.85 10.2% Bobby Hauck Wisconsin Big Ten $47.28 $31.28 $16.00 $2.36 $2.29 4.8% Gary Andersen Northern Illinois MAC $8.31 $8.31 $0.00 $0.42 $0.40 4.8% Rod Carey Southern California PAC-12 $44.84 $30.28 $14.57 $2.24 $4.25 9.5% Steve Sarkisian New Mexico Mt. West $8.03 $8.03 $0.00 $0.40 $0.78 9.8% Bob Davie Mississippi SEC $43.99 $24.17 $19.83 $2.20 $3.02 6.9% Hugh Freeze Massachusetts MAC $7.82 $7.82 $0.00 $0.39 $0.45 5.8% Mark Whipple Virginia Tech ACC $43.37 $22.39 $20.98 $2.17 $2.66 6.1% Frank Beamer Western Kentucky CUSA $7.79 $7.79 $0.00 $0.39 $0.60 7.7% Clemson ACC $42.43 $24.75 $17.68 $2.12 $3.18 7.5% Dabo Swinney Louisiana-Lafayette Sun Belt $7.75 $7.75 $0.00 $0.39 $1.00 13.0% Mark Hudspeth Texas Christian Big 12 $40.45 $34.65 $5.80 $2.02 $4.01 9.9% Gary Patterson Southern Mississippi CUSA $7.40 $7.40 $0.00 $0.37 $0.70 9.5% Todd Monken Minnesota Big Ten $39.82 $27.76 $12.06 $1.99 $2.10 5.3% Jerry Kill Toledo MAC $7.39 $7.39 $0.00 $0.37 $0.48 6.5% Matt Campbell Syracuse ACC $38.53 $23.62 $14.91 $1.93 $1.40 3.6% Scott Shafer Western Michigan MAC $7.34 $7.34 $0.00 $0.37 $0.39 5.4% P.J. Fleck Texas Tech Big 12 $38.26 $16.00 $22.26 $1.91 $2.61 6.8% Kliff Kingsbury Texas-San Antonio CUSA $7.26 $7.26 $0.00 $0.36 $0.40 5.5% Larry Coker North Carolina State ACC $38.02 $17.99 $20.03 $1.90 $1.80 4.7% Dave Doeren Miami (Ohio) MAC $7.19 $7.19 $0.00 $0.36 $0.45 6.3% Chuck Martin Utah PAC-12 $36.85 $16.14 $20.71 $1.84 $2.20 6.0% Kyle Whittingham South Alabama Sun Belt $7.16 $7.48 -$0.32 $0.36 $0.47 6.6% Joey Jones Stanford PAC-12 $36.75 $20.86 $15.88 $1.84 $2.01 5.5% David Shaw Florida International CUSA $7.16 $7.16 $0.00 $0.36 $0.55 7.7% Ron Turner Georgia Tech ACC $34.31 $18.99 $15.31 $1.72 $2.59 7.6% Paul Johnson New Mexico State Sun Belt $7.01 $7.01 $0.00 $0.35 $0.38 5.4% Doug Martin Kentucky SEC $34.08 $17.21 $16.87 $1.70 $2.70 7.9% Mark Stoops Akron MAC $6.76 $6.76 $0.00 $0.34 $0.41 6.0% Terry Bowden Missouri SEC $34.06 $21.42 $12.64 $1.70 $3.40 10.0% Gary Pinkel Buffalo MAC $6.69 $6.69 $0.00 $0.33 $0.38 5.7% Jeff Quinn Miami ACC $33.53 $27.92 $5.61 $1.68 $2.25 6.7% Al Golden Tulane AAC $6.59 $10.50 -$3.91 $0.33 $0.87 13.2% Curtis Johnson California PAC-12 $33.27 $22.18 $11.09 $1.66 $1.81 5.4% Sonny Dykes Ball State MAC $6.51 $6.51 $0.00 $0.33 $0.50 7.7% Pete Lembo North Carolina ACC $33.26 $17.98 $15.28 $1.66 $1.83 5.5% Larry Fedora Bowling Green MAC $6.41 $6.41 $0.00 $0.32 $0.41 6.3% Dino Babers Kansas State Big 12 $32.73 $16.64 $16.09 $1.64 $2.90 8.9% Bill Snyder Nevada Mt. West $6.39 $6.30 $0.09 $0.32 $0.58 9.0% Brian Polian Northwestern Big Ten $31.48 $22.64 $8.84 $1.57 $2.48 7.9% Pat Fitzgerald Utah State Mt. West $6.27 $6.27 $0.00 $0.31 $0.58 9.2% Matt Wells Iowa State Big 12 $30.97 $14.46 $16.51 $1.55 $1.81 5.8% Paul Rhoads Louisiana Tech CUSA $6.23 $6.02 $0.21 $0.31 $0.51 8.2% Skip Holtz UCLA PAC-12 $30.35 $24.09 $6.26 $1.52 $3.25 10.7% Jim Mora Georgia State Sun Belt $6.13 $6.13 $0.00 $0.31 $0.51 8.3% Trent Miles Illinois Big Ten $30.32 $16.56 $13.76 $1.52 $1.95 6.4% Tim Beckman Texas State Sun Belt $6.05 $6.05 $0.00 $0.30 $0.40 6.6% Dennis Franchione Arizona PAC-12 $29.26 $28.20 $1.06 $1.46 $3.30 11.3% Rich Rodriguez Arkansas State Sun Belt $5.94 $5.94 $0.00 $0.30 $0.70 11.8% Blake Anderson Colorado PAC-12 $28.43 $17.35 $11.08 $1.42 $2.01 7.1% Mike MacIntyre Idaho Sun Belt $5.89 $5.89 $0.00 $0.29 $0.40 6.8% Paul Petrino Oregon State PAC-12 $28.33 $14.37 $13.96 $1.42 $1.51 5.3% Mike Riley Troy Sun Belt $5.80 $5.13 $0.66 $0.29 $0.52 9.0% Larry Blakeney Baylor Big 12$28.32 $24.57 $3.74 $1.42 $3.14 11.1% Kent State MAC $5.76 $5.18 $0.58 $0.29 $0.38 6.7% Paul Haynes Pittsburgh ACC $28.23 $20.20 $8.03 $1.41 $1.58 5.6% Paul Chryst Eastern Michigan MAC $5.55 $6.30 -$0.75 $0.28 $0.43 7.7% Chris Creighton Virginia ACC $28.23 $20.19 $8.03 $1.41 $2.30 8.2% Mike London Georgia Southern Sun Belt $4.57 $4.35 $0.22 $0.23 $0.40 8.7% Willie Fritz Mississippi State SEC $27.14 $15.30 $11.84 $1.36 $3.00 11.1% Dan Mullen San Jose State Mt. West $4.39 $6.67 -$2.28 $0.22 $0.53 12.0% Ron Caragher Washington State PAC-12 $26.99 $15.71 $11.28 $1.35 $2.75 10.2% Mike Leach Appalachian State Sun Belt $4.30 $4.30 $0.00 $0.22 $0.23 5.2% Scott Satterfield Louisville ACC $26.52 $21.57 $4.95 $1.33 $3.00 11.3% Bobby Petrino Louisiana-Monroe Sun Belt $4.11 $4.11 $0.00 $0.21 $0.36 8.7% Todd Berry Indiana Big Ten $26.24 $17.65 $8.59 $1.31 $1.30 5.0% Kevin Wilson Central Michigan MAC $3.90 $5.87 -$1.97 $0.19 $0.36 9.2% Duke ACC $25.24 $20.58 $4.66 $1.26 $1.84 7.3% David Cutcliffe Vanderbilt SEC $24.98 $21.50 $3.47 $1.25 $2.25 9.0% Derek Mason Boston College ACC $23.99 $19.92 $4.07 $1.20 $1.75 7.3% Steve Addazio Kansas Big 12 $23.18 $14.84 $8.33 $1.16 $2.50 10.8% Charlie Weis Brigham Young Ind. $22.21 $15.24 $6.98 $1.11 $2.00 9.0% Bronco Mendenhall Maryland Big Ten $21.72 $15.40 $6.32 $1.09 $2.03 9.4% Randy Edsall Central Florida AAC $21.27 $19.64 $1.63 $1.06 $1.80 8.5% George O'Leary Rutgers Big Ten $20.81 $19.22 $1.59 $1.04 $0.99 4.7% Kyle Flood Purdue Big Ten $19.79 $15.33 $4.46 $0.99 $2.09 10.6% Darrell Hazell Boise State Mt. West $18.98 $11.52 $7.45 $0.95 $1.00 5.3% Bryan Harsin Wake Forest ACC $18.69 $18.69 $0.00 $0.93 $2.25 12.0% Dave Clawson West Virginia Big 12 $18.61 $16.98 $1.63 $0.93 $3.08 16.6% Concessions NFL Money 5% Marketing National TV 17% 37%

Luxury boxes 5%

Home games 12%

Road games NFL Properties 6% 18% Green Bay Packers' Revenues ($millions)

$400

$350

$300

$250 60% $200 National $150

$100 40% Local $50

$0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Packers' Revenue 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Local Revenue $43.1 $47.1 $60.5 $79.2 $89.5 $93.1 $93.2 $105.8 $100.8 $100.4 $119.3 $130.4 $128.2 $136.4 $149.3 National Revenue $80.7 $84.9 $92.6 $99.9 $110.8 $115.3 $124.9 $135.6 $147.1 $157.6 $163.3 $171.6 $179.9 $187.7 $226.4 Operating Income $123.8 $132.0 $153.1 $179.1 $200.3 $208.4 $218.1 $241.3 $247.9 $258.0 $282.6 $302.0 $308.1 $324.1 $375.7 League-wide* Local Revenue* $1,336 $1,508 $1,936 $2,535 $2,865 $2,979 $2,982 $3,384 $3,226 $3,212 $3,818 $4,173 $4,102 $4,365 $4,778 National Revenue* $2,502 $2,717 $2,964 $3,196 $3,546 $3,690 $3,996 $4,338 $4,708 $5,044 $5,226 $5,491 $5,757 $6,006 $7,245 Total NFL Revenue* $3,838 $4,224 $4,899 $5,731 $6,411 $6,669 $6,978 $7,723 $7,934 $8,256 $9,043 $9,664 $9,859 $10,371 $12,022

Local Revenue 34.8% 35.7% 39.5% 44.2% 44.7% 44.7% 42.7% 43.8% 40.7% 38.9% 42.2% 43.2% 41.6% 42.1% 39.7% National Revenue 65.2% 64.3% 60.5% 55.8% 55.3% 55.3% 57.3% 56.2% 59.3% 61.1% 57.8% 56.8% 58.4% 57.9% 60.3% *Estimated as multiple of number of team s NFL Salary Cap Room 2015 NFL Team 2015 Salary Cap 2014 Carryover Team Cap Cap Room Jacksonville Jaguars $143,280,000 $21,768,205 $133,405,931 $35,080,176 Cleveland Browns $143,280,000 $18,908,285 $139,962,500 $21,804,900 Tennessee Titans $143,280,000 $11,254,828 $133,405,170 $20,948,408 Oakland Raiders $143,280,000 $7,400,000 $132,443,714 $19,429,042 Cincinnati Bengals $143,280,000 $8,697,310 $134,957,680 $17,172,755 Dallas Cowboys $143,280,000 $3,260,740 $131,826,707 $16,751,606 Atlanta Falcons $143,280,000 $2,845,290 $130,098,815 $16,150,000 Green Bay Packers $143,280,000 $7,791,106 $136,021,411 $15,449,695 San Francisco 49ers $143,280,000 $4,206,936 $135,886,273 $13,969,707 Carolina Panthers $143,280,000 $4,939,773 $136,059,030 $13,312,607 Miami Dolphins $143,280,000 $7,770,411 $139,930,169 $12,996,768 Philadelphia Eagles $143,280,000 $15,715,700 $146,957,769 $12,914,609 Tampa Bay Buccaneers $143,280,000 $1,063,033 $133,214,572 $11,695,317 Indianapolis Colts $143,280,000 $7,699,867 $141,191,587 $11,231,805 AVERAGE/TEAM $143,280,000 $5,670,168 $138,155,092 $11,227,360 Seattle Seahawks $143,280,000 $4,825,000 $138,639,492 $9,618,246 Kansas City Chiefs $143,280,000 $2,246,790 $136,991,931 $9,152,269 Chicago Bears $143,280,000 $1,545,934 $136,823,755 $8,344,679 Houston Texans $143,280,000 $966,613 $137,923,166 $8,102,580 Washington Redskins $143,280,000 $108,621 $138,532,710 $8,059,035 Minnesota Vikings $143,280,000 $5,723,960 $141,582,305 $8,045,655 Arizona Cardinals $143,280,000 $4,256,919 $140,557,466 $7,958,400 Baltimore Ravens $143,280,000 $5,791,927 $137,769,295 $7,361,832 New England Patriots $143,280,000 $6,442,054 $137,478,636 $7,065,769 Pittsburgh Steelers $143,280,000 $778,469 $137,121,377 $6,937,092 Buffalo Bills $143,280,000 $2,647,907 $138,606,518 $6,613,812 Denver Broncos $143,280,000 $5,870,000 $144,140,611 $5,925,413 San Diego Chargers $143,280,000 $1,500,000 $137,425,035 $5,547,577 New York Jets $143,280,000 $12,619,394 $151,157,046 $4,992,348 New York Giants $143,280,000 $151,000 $138,626,286 $4,785,597 St. Louis Rams $143,280,000 $0 $140,070,796 $4,602,591 New Orleans Saints $143,280,000 $1,710,130 $140,894,728 $4,197,702 Detroit Lions $143,280,000 $939,171 $141,260,449 $3,057,542 TOTAL $4,728,240,000 $187,115,541 $4,559,118,022 $370,502,894 Source: NFLPA

Estimated NFL Salary Cap Space 2016 Season Team (22 February 2016) Cap Space 2016 Cap 2015 Carryover 2016 Team Cap 2016 Spending Dead Money Jacksonville Jaguars $79,803,211 $155,000,000 $32,837,428 $187,837,428 $107,745,479 $288,738 Oakland Raiders $74,275,436 $155,000,000 $13,404,867 $168,404,867 $93,709,095 $420,336 Chicago Bears $60,453,041 $155,000,000 $1,064,464 $156,064,464 $89,124,626 $6,486,797 New York Giants $58,623,872 $155,000,000 $11,240,106 $166,240,106 $97,910,603 $9,705,631 St. Louis Rams $58,346,856 $155,000,000 $933,521 $155,933,521 $91,126,940 $6,459,725 San Francisco 49ers $55,239,714 $155,000,000 $12,644,186 $167,644,186 $105,788,006 $6,616,466 Tennessee Titans $50,694,155 $155,000,000 $20,830,676 $175,830,676 $118,801,271 $6,335,250 Tampa Bay Buccaneers $49,392,453 $155,000,000 $8,268,998 $163,268,998 $113,486,308 $390,237 Cleveland Browns $42,098,128 $155,000,000 $21,359,144 $176,359,144 $132,647,188 $1,613,828 Cincinnati Bengals $38,723,157 $155,000,000 $7,712,902 $162,712,902 $123,796,474 $193,271 Kansas City Chiefs $32,733,632 $155,000,000 $2,847,838 $157,847,838 $124,880,558 $233,648 Houston Texans $32,094,427 $155,000,000 $3,099,555 $158,099,555 $125,610,546 $394,582 San Diego Chargers $31,774,386 $155,000,000 $2,343,426 $157,343,426 $123,146,867 $2,422,173 NFL Averages $30,138,361 $155,000,000 $6,442,954 $161,442,954 $127,759,949 $3,544,643 Atlanta Falcons $27,489,014 $155,000,000 $3,905,771 $158,905,771 $116,377,511 $15,039,246 Detroit Lions $26,226,314 $155,000,000 $880,941 $155,880,941 $128,294,333 $1,360,294 Philadelphia Eagles $25,998,040 $155,000,000 $7,280,362 $162,280,362 $132,010,114 $4,272,208 Indianapolis Colts $24,559,614 $155,000,000 $4,997,504 $159,997,504 $129,042,916 $6,394,974 Minnesota Vikings $24,534,868 $155,000,000 $2,384,159 $157,384,159 $132,363,905 $485,386 Seattle Seahawks $23,029,279 $155,000,000 $199,087 $155,199,087 $128,891,764 $3,278,044 Carolina Panthers $22,365,540 $155,000,000 $3,749,950 $158,749,950 $132,513,407 $3,871,003 Green Bay Packers $21,865,614 $155,000,000 $7,452,597 $162,452,597 $139,908,390 $678,593 Arizona Cardinals $19,542,095 $155,000,000 $3,084,788 $158,084,788 $138,290,644 $252,049 New York Jets $14,043,256 $155,000,000 $2,484,216 $157,484,216 $142,872,226 $568,734 Washington Redskins $13,372,122 $155,000,000 $6,112,784 $161,112,784 $147,167,498 $573,164 Dallas Cowboys $11,831,119 $155,000,000 $3,852,589 $158,852,589 $146,120,394 $901,076 Miami Dolphins $8,661,763 $155,000,000 $9,137,544 $164,137,544 $150,156,354 $5,319,427 Pittsburgh Steelers $8,445,842 $155,000,000 $3,000,327 $158,000,327 $148,789,297 $765,188 Denver Broncos $8,161,005 $155,000,000 ($700,000) $154,300,000 $145,212,357 $926,638 New Orleans Saints $7,441,957 $155,000,000 $1,400,000 $156,400,000 $126,686,198 $22,271,845 Baltimore Ravens $6,310,966 $155,000,000 $1,633,944 $156,633,944 $150,121,620 $201,358 New England Patriots $6,086,955 $155,000,000 $2,263,507 $157,263,507 $150,778,152 $398,400 Buffalo Bills $209,715 $155,000,000 $4,467,331 $159,467,331 $154,947,341 $4,310,275 NFL Totals $964,427,546 $4,960,000,000 $206,174,512 $5,166,174,512 $4,088,318,382 $113,428,584 2016 Players Share = 48.5% of $11.62B Revenues = $5.64B -12% Player Benefits ($676M)= $4.96B/32 clubs = $155M per club Source: John Vooman and http://overthecap.com/

Jordan Matthews 2014 NFL Draft Round 2, Pick 42 (Eagles) Year Base Salary Prorated Bonus Cap Number Actual Payroll Dead Money 2014 $420,000 $479,867 $899,867 $2,339,468 2015 $644,967 $479,867 $1,124,834 $644,967 2016 $869,934 $479,867 $1,349,801 $869,934 $479,867 2017 $1,094,901 $479,867 $1,574,768 $1,094,901 $479,867 Total $3,029,802 $1,919,468 $4,949,270 $4,949,270 $959,734 Average $757,451 $479,867 $1,237,318 $1,237,318 NBA Payroll Cap for 2015-16 NBA Luxury Tax Rates 2015-16 2015-16 Tax/Cap Repeater Rate (3 of 4 prior NBA Franchise Over Tax Payroll above tax level Non-repeater Payroll Room seasons) Incremental Incremental Lower Upper Tax rate Tax rate Oklahoma City Thunder $97,157,411 $12,417,411 $22,293,527 maximum maximum Los Angeles Clippers $95,505,710 $10,765,710 $18,162,500 $0 $4,999,999 $1.50 $7.5 million $2.50 $12.50 million Golden State Warriors $95,487,927 $10,747,927 $18,119,818 $5,000,000 $9,999,999 $1.75 $8.75 million $2.75 $13.75 million Cleveland Cavaliers $95,408,795 $10,668,795 $17,921,988 $10,000,000 $14,999,999 $2.50 $12.5 million $3.50 $17.50 million Miami Heat $93,243,897 $8,503,897 $13,631,820 $15,000,000 $19,999,999 $3.25 $16.25 million $4.25 $21.25 million Chicago Bulls $89,024,375 $4,284,375 $6,426,563 $20,000,000 N/A $3.75, increasing $.50 N/A $4.75, increasing $.50 N/A San Antonio Spurs $87,071,718 $2,331,718 $3,497,577 for each $5 million. for each $5 million. Houston Rockets $86,180,389 $1,440,389 $2,160,584 Luxury Tax Threshold $84,740,000 $0 $0 Brooklyn Nets $84,685,972 Washington Wizards $81,485,782 Memphis Grizzlies $80,870,591 Boston Celtics $79,579,576 New Orleans Pelicans $79,179,865 Charlotte Hornets $77,633,447 Detroit Pistons $77,439,853 Phoenix Suns $76,027,682 Minnesota Timberwolves $74,492,809 New York Knicks $74,030,697 Dallas Mavericks $73,457,818 Toronto Raptors $73,292,772 Milwaukee Bucks $73,168,795 Atlanta Hawks $72,944,738 Sacramento Kings $72,616,296 Indiana Pacers $72,487,358 Denver Nuggets $72,410,868 Los Angeles Lakers $72,193,306 Soft Payroll Cap $70,000,000 $14,740,000 Orlando Magic $68,635,095 $1,364,905 Utah Jazz $64,734,304 $5,265,696 Minimum 90% of Cap $63,100,000 $21,640,000 Philadelphia 76ers $56,092,788 $13,907,212 Portland Trail Blazers $50,522,394 $19,477,606 Exploitation of Kevin Durant Season Team KD-Salary Win-share OKC Wins % Wins %Rev OKCRev $MRP %Exploit 2007-08 SEA $4.171 2.3 20 11.5% 7.7% $82 $6.29 33.6% 2008-09 OKC $4.484 7.9 23 34.3% 22.9% $111 $25.41 82.4% 2009-10 OKC $4.797 12.0 50 24.0% 16.0% $118 $18.88 74.6% 2010-11 OKC $6.054 12.2 55 22.2% 14.8% $126 $18.63 67.5% 2011-12 OKC $15.507 16.1 47 34.3% 22.8% $127 $29.00 46.5% 2012-13 OKC $16.670 18.9 60 31.5% 21.0% $144 $30.24 44.9% 2013-14 OKC $17.833 19.2 59 32.5% 21.7% $152 $32.97 45.9% 2014-15 OKC $18.996 3.6 22 16.4% 2015-16 OKC $20.159 Source: Vrooman Sports Economics

2007-08 NBA Rookie Scale Pick 1st Year 2nd Year 3rd Year 4th Year 1 3,885.00 4,176.40 4,467.70 26.10% 2 3,476.00 3,736.70 3,997.40 26.20% 3 3,121.50 3,355.60 3,589.70 26.40% 4 2,814.30 3,025.40 3,236.50 26.50% 5 2,548.50 2,739.70 2,930.80 26.70% 6 2,314.80 2,488.40 2,662.00 26.80% 7 2,113.10 2,271.60 2,430.10 27.00% 8 1,935.90 2,081.10 2,226.20 27.20% 9 1,779.50 1,912.90 2,046.40 27.40% 10 1,690.50 1,817.30 1,944.00 27.50% 11 1,605.90 1,726.40 1,846.80 32.70% 12 1,525.60 1,640.10 1,754.50 37.80% 13 1,449.30 1,558.00 1,666.70 42.90% 14 1,376.90 1,480.20 1,583.50 48.10% 15 1,308.00 1,406.10 1,504.20 53.30% 16 1,242.70 1,335.80 1,429.00 53.40% 17 1,180.50 1,269.10 1,357.60 53.60% 18 1,121.50 1,205.60 1,289.70 53.80% 19 1,071.00 1,151.30 1,231.60 54.00% 20 1,028.20 1,105.30 1,182.40 54.20% 21 987 1,061.00 1,135.10 59.30% 22 947.5 1,018.60 1,089.70 64.50% 23 909.7 977.9 1,046.20 69.70% 24 873.2 938.7 1,004.20 74.90% 25 838.3 901.2 964.1 80.10% 26 810.6 871.3 932.1 80.30% 27 787.1 846.2 905.2 80.40% 28 782.3 841 899.7 80.50% 29 776.6 834.9 893.1 80.50% 30 771 828.8 886.6 80.50% NBA CBA Exhibit B

NBA Maximum Salary Years 0 - 6 7 - 9 10+ Max Salary 25% of cap 30% of cap 35% of cap 2011-12 $12,922,194 $15,506,632 $18,091,071 2012-13 $13,668,750 $16,402,500 $19,136,250 2013-14 $13,701,250 $16,441,500 $19,181,750 2014-15 $14,746,000 $17,695,200 $20,644,400 Vrooman Sports Economics NHL Hard Salary Cap Space 2015-16 Hypothetical MLB Salary Cap 2015 NHL Team Cap Hits Cap Space MLB Team 2015 Payroll 1 Tampa Bay Lightning $72,037,098 ($637,098) 1Los Angeles Dodgers $272,789,040 Salary Cap (Midpoint + 15%) $71,400,000 $0 2 New York Yankees $219,282,196 2 Chicago Blackhawks $71,168,460 $231,540 CBT (luxury tax) threshold $189,000,000 3 Detroit Red Wings $71,024,543 $375,457 Cap: 66% HTS of average MLB revenue $286.4M $189,000,000 4 Washington Capitals $70,930,959 $469,041 3 Boston Red Sox $187,407,202 5 Philadelphia Flyers $70,816,666 $583,334 4 Detroit Tigers $173,813,750 6 New York Rangers $70,574,000 $826,000 5 San Francisco Giants $172,672,111 7 San Jose Sharks $70,394,996 $1,005,004 6 Washington Nationals $164,920,505 8 Vancouver Canucks $70,126,666 $1,273,334 7 7Los Angeles Angels of Anaheim $150,933,083 9 St. Louis Blues $69,678,332 $1,721,668 8 Texas Rangers $142,140,873 10 Minnesota Wild $69,496,335 $1,903,665 9 Philadelphia Phillies $135,827,500 11 Pittsburgh Penguins $69,392,916 $2,007,084 Average MLB payroll $124,707,037 12 Calgary Flames $69,205,066 $2,194,934 10 Toronto Blue Jays $122,506,600 13 Dallas Stars $69,099,166 $2,300,834 11 St. Louis Cardinals $120,869,458 14 Toronto Maple Leafs $68,889,999 $2,510,001 12 Seattle Mariners $119,798,060 15 Edmonton Oilers $68,511,249 $2,888,751 13 Chicago Cubs $119,006,885 16 Montreal Canadiens $68,508,333 $2,891,667 14 Cincinnati Reds $117,197,072 17 Columbus Blue Jackets $67,671,307 $3,728,693 15 Chicago White Sox $115,238,678 18 Boston Bruins $66,635,667 $4,764,333 16 Kansas City Royals $113,618,650 19 Los Angeles Kings $66,555,227 $4,844,773 17 Baltimore Orioles $110,146,097 20 Anaheim Ducks $63,964,164 $7,435,836 18 Minnesota Twins $108,945,000 21 Ottawa Senators $63,500,832 $7,899,168 19 Milwaukee Brewers $105,002,536 22 Colorado Avalanche $63,184,760 $8,215,240 20 Colorado Rockies $102,006,130 23 New York Islanders $62,799,642 $8,600,358 21 New York Mets $101,409,244 Adjusted Midpoint $62,100,000 $9,300,000 22 San Diego Padres $100,675,896 24 Florida Panthers $59,894,183 $11,505,817 23 Atlanta Braves $97,578,565 25 Buffalo Sabres $59,382,855 $12,017,145 24 Arizona Diamondbacks $91,518,833 26 Carolina Hurricanes $59,161,665 $12,238,335 25 Pittsburgh Pirates $88,278,500 27 Nashville Predators $59,044,223 $12,355,777 26 Cleveland Indians $86,091,175 28 Winnipeg Jets $58,864,998 $12,535,002 27 Oakland A's $86,086,667 29 Arizona Coyotes $57,574,704 $13,825,296 Floor: 34% VTS of average revenue-$20M PDX $77,400,000 30 New Jersey Devils $57,383,331 $14,016,669 28 Tampa Bay Rays $76,061,707 Salary Floor (Midpoint - 15%) $52,800,000 $18,600,000 29 Houston Astros $70,910,100 Team can exceed the salary cap due to performance bonuses 30 Miami Marlins $68,479,000 M aximum player salary 20% of cap $14,280,000 So urce: http://www.generalfanager.co m/teams MLB Pooled Revenue‐Sharing Transfers MLB Luxury Tax (CBT) since 2002 CBA Year CBT Threshold NY Yankees LA Dodgers Boston Red Sox LA Angels Detroit Tigers SF Giants MLB TEAM 2005 2003 2002 2003 $117,000,000 $11,798,357 N.Y. Yankees ($76,000,000) ($52,650,000) ($26,640,289) 2004 $120,500,000 $25,964,060 $3,148,962 $927,057 Boston Red Sox ($52,000,000) ($38,692,000) ($17,896,820) 2005 $128,000,000 $34,053,787 $4,148,981 Chicago Cubs ($32,000,000) ($16,731,000) ($8,280,260) 2006 $136,500,000 $26,009,039 $497,549 2007 $148,000,000 $23,881,386 $6,064,287 Seattle Mariners ($25,000,000) ($31,023,000) ($19,877,788) 2008 $155,000,000 $26,862,702 $1,305,220 N.Y. Mets ($24,000,000) ($21,473,000) ($17,366,067) 2009 $162,000,000 $25,689,173 Los Angeles Dodgers ($20,000,000) ($9,490,000) ($9,278,555) 2010 $170,000,000 $18,029,654 $1,487,149 2011 $178,000,000 $13,896,069 $3,430,810 St. Louis Cardinals ($19,000,000) ($9,202,000) ($8,385,888) 2012 $178,000,000 $18,917,994 Chicago White Sox ($18,000,000) ($4,833,000) ($3,823,142) 2013 $178,000,000 $28,113,945 $11,415,959 San Francisco Giants ($14,000,000) ($12,959,000) ($9,638,790) 2014 $189,000,000 $18,300,000 $26,621,125 Los Angeles Angels ($11,000,000) $1,874,000 ($1,303,070) 2015 $189,000,000 $26,075,394 $43,728,119 $1,878,222 $1,335,533 2016 $189,000,000 Houston Astros ($11,000,000) $1,182,000 ($4,326,392) TOTALS $297,591,560 $81,765,203 $20,655,960 $927,057 $1,305,220 $1,335,533 Atlanta Braves ($10,000,000) ($11,291,000) ($9,753,575) Luxury Tax rates: 1st time 17.5%, 2nd time 30%, 3rd time 40%, 4th time or more 50% of amount over payroll threshold. Texas Rangers ($35,000) ($7,162,000) ($8,205,165) Source: John Vrooman Baltimore Orioles $2,000,000 $252,000 ($5,337,479) Washington Nationals $3,900,000 $29,517,000 $28,493,994 San Diego Padres $5,700,000 $13,250,000 $6,283,572 Philadelphia Phillies $5,800,000 $9,013,000 $9,834,124 MLB Luxury Tax in 2015 Cleveland Indians $6,000,000 ($4,828,000) ($10,612,923) Club 40‐man Payroll Over Threshold Tax Rate Luxury Tax Arizona D‐Backs $13,000,000 $1,456,000 ($3,255,682) LA Dodgers $298,320,297 $109,320,297 40.0% $43,728,119 Colorado Rockies $16,000,000 $2,469,000 ($5,127,222) NY Yankees $241,150,787 $52,150,787 50.0% $26,075,394 Cincinnati Reds $16,000,000 $6,469,000 $9,807,244 Boston Red Sox $199,732,694 $10,732,694 17.5% $1,878,221 Oakland Athletics $19,000,000 $11,756,000 $9,201,545 SF Giants $196,631,618 $7,631,618 17.5% $1,335,533 Minnesota Twins $22,000,000 $17,249,000 $12,977,421 CBT Threshold $189,000,000 …… … Milwaukee Brewers $24,000,000 $16,555,000 $8,502,007 Pittsburgh Pirates $25,000,000 $13,299,000 $6,400,652 Detroit Tigers $25,000,000 $16,738,000 $11,615,688 Kansas City Royals $30,000,000 $19,042,000 $16,629,872 Toronto Blue Jays $31,000,000 $18,735,000 $13,691,953 Miami Marlins $31,000,000 $21,030,000 $20,946,573 Tampa Bay D‐Rays $33,000,000 $20,464,000 $14,724,463 Transfer $308,400,000 $220,350,000 $169,109,108 Source: John Vrooman & Maury Brown

MAJOR LEAGUE BASEBALL SELECTED PLAYER CONTRACTS JOSH HAMILTON: 5 years/$125M (2013-17) MIKE TROUT: 6 years/$144.5M (2015-20) YearAgeTeam G SalaryWAR$M/WAR YearAgeTeam G SalaryWAR $M/WAR 2007 26 Cincinnati Reds 90 $380,000 2.5 $0.15 2011 19 Los Angeles Angels 40 $414,000 0.7 $0.59 2008 27 Texas Rangers 156 $396,830 5.4 $0.07 2012 20 Los Angeles Angels 139 $480,000 10.8 $0.04 2009 28 Texas Rangers 89 $555,000 0.6 $0.93 2013 21 Los Angeles Angels 157 $510,000 8.9 $0.06 2010 29 Texas Rangers 133 $3,250,000 8.7 $0.37 2014 22 Los Angeles Angels 157 $1,000,000 7.9 $0.13 2011 30 Texas Rangers 121 $8,750,000 3.7 $2.36 2015 23 Los Angeles Angels $5,250,000 7.5 $0.70 2012 31 Texas Rangers 148 $13,750,000 3.9 $3.53 2016 24 Los Angeles Angels $15,250,000 2013 32 Los Angeles Angels 151 $17,000,000 1.5 $11.33 2017 25 Los Angeles Angels $19,250,000 2014 33 Los Angeles Angels 89 $17,000,000 1.4 $12.14 2018 26 Los Angeles Angels $33,250,000 2015 34 Los Angeles Angels 39 $25,400,000 $20,710,000 2019 27 Los Angeles Angels $33,250,000 2016 35 Texas Rangers $28,410,000 $26,410,000 2020 28 Los Angeles Angels $33,250,000 2017 36 Texas Rangers $28,410,000 $26,410,000

CARLOS BELTRAN: 3 years/$45M (2014-16) CC SABATHIA: 5 years/$122M (2012-16), plus 2017 option YearAgeTeam G SalaryWAR$M/WAR YearAgeTeam G SalaryWAR $M/WAR 1998 21 Kansas City Royals 14 $170,000 0.3 $0.57 2001 20 Cleveland Indians 33 $200,000 2.9 $0.07 1999 22 Kansas City Royals 156 $200,000 4.7 $0.04 2002 21 Cleveland Indians 33 $700,000 3.2 $0.22 2000 23 Kansas City Royals 98 $350,000 0.8 $0.44 2003 22 Cleveland Indians 30 $1,100,000 3.7 $0.30 2001 24 Kansas City Royals 155 $425,000 6.4 $0.07 2004 23 Cleveland Indians 30 $2,700,000 3 $0.90 2002 25 Kansas City Royals 162 $3,500,000 4.3 $0.81 2005 24 Cleveland Indians 31 $5,250,000 1.8 $2.92 2003 26 Kansas City Royals 141 $6,000,000 5.8 $1.03 2006 25 Cleveland Indians 28 $7,000,000 4.6 $1.52 2004 27 Kansas City Royals 69 $9,000,000 2.3 $1.32 2007 26 Cleveland Indians 34 $8,750,000 6.3 $1.39 2004 HOU:Trade 90 4.5 $1.32 2008 27 Cleveland Indians 18 $11,000,000 1.9 $1.62 2005 28 New York Mets 151 $11,571,429 2.9 $3.99 2008 MIL:Trade 17 4.9 $1.62 2006 29 New York Mets 140 $13,571,428 8.2 $1.66 2009 28 New York Yankees 34 $15,285,714 6.2 $2.47 2007 30 New York Mets 144 $13,571,429 5.4 $2.51 2010 29 New York Yankees 34 $24,285,714 4.6 $5.28 2008 31 New York Mets 161 $18,622,809 6.9 $2.70 2011 30 New York Yankees 33 $24,285,714 7.5 $3.24 2009 32 New York Mets 81 $19,243,682 3.6 $5.35 2012 31 New York Yankees 28 $23,000,000 3.5 $6.57 2010 33 New York Mets 64 $19,401,569 0.7 $27.72 2013 32 New York Yankees 32 $23,000,000 0.3 $76.67 2011 34 New York Mets 98 $19,325,436 3.6 $4.20 2014 33 New York Yankees 8 $23,000,000 -0.6 -$38.33 2011 SFG:Trade 44 1.0 $4.20 2015 34 New York Yankees $23,000,000 0.3 $76.67 2012 35 St. Louis Cardinals 151 $13,000,000 3.9 $3.33 2016 35 New York Yankees $25,000,000 2013 36 St. Louis Cardinals 145 $13,000,000 2.4 $5.42 2017 36 New York Yankees $25,000,000 2014 37 New York Yankees 109 $15,000,000 -0.2 -$75.00 2015 38 New York Yankees $15,000,000 0.8 $18.75 2016 39 New York Yankees $15,000,000 BUSTER POSEY: 9 years/$167M (2013-21), plus 2022 team option CLAYTON KERSHAW: 7 years/$215M (2014-20) YearAgeTeam G SalaryWAR $M/WAR Year Age Team G Salary WAR $M/WAR 2009 22 San Francisco Giants 7 $400,000 -0.1 -$4.00 2008 20 Los Angeles Dodgers 22 $390,000 1.4 $0.28 2010 23 San Francisco Giants 108 $400,000 3.9 $0.10 2009 21 Los Angeles Dodgers 31 $404,000 4.7 $0.09 2011 24 San Francisco Giants 45 $575,000 1.4 $0.41 2010 22 Los Angeles Dodgers 32 $440,000 5.5 $0.08 2012 25 San Francisco Giants 148 $615,000 7.3 $0.08 2011 23 Los Angeles Dodgers 33 $500,000 6.5 $0.08 2013 26 San Francisco Giants 148 $8,000,000 4.9 $1.63 2012 24 Los Angeles Dodgers 33 $8,000,000 6.2 $1.29 2014 27 San Francisco Giants 147 $12,500,000 5.3 $2.36 2013 25 Los Angeles Dodgers 33 $11,000,000 7.8 $1.41 2015 28 San Francisco Giants $16,500,000 5.4 $3.06 2014 26 Los Angeles Dodgers 27 $22,000,000 7.5 $2.93 2016 29 San Francisco Giants $20,000,000 2015 27 Los Angeles Dodgers $30,000,000 6.3 $3.49 2017 30 San Francisco Giants $21,400,000 2016 28 Los Angeles Dodgers $32,000,000 2018 31 San Francisco Giants $21,400,000 2017 29 Los Angeles Dodgers $33,000,000 2019 32 San Francisco Giants $21,400,000 2018 30 Los Angeles Dodgers $33,000,000 Player option 2020 33 San Francisco Giants $21,400,000 2019 31 Los Angeles Dodgers $32,000,000 2021 34 San Francisco Giants $21,400,000 2020 32 Los Angeles Dodgers $33,000,000 2022 35 San Francisco Giants $22,000,000 Team option ($3M) David Price LHP: 7 years/$217M (2016-22) Year Age IP MLST Team Salary WAR $/WAR Awards Modified Reserve Tier 1 2008 22 14.0 Tampa Bay Rays $650,000 0.4 $1,625,000 2009 23 128.1 0.164 Tampa Bay Rays $750,000 0.9 $833,333 2010 24 208.2 1.164 Tampa Bay Rays $1,834,671 4.8 $382,223 AS,CYA-2 2011 25 224.1 2.164 Tampa Bay Rays $2,084,671 2.8 $744,525 AS Salary Arbitration Tier 2 2012 26 211.0 3.164 Tampa Bay Rays $4,350,000 6.9 $630,435 AS,CYA-1,MVP-12 2013 27 186.2 4.164 Tampa Bay Rays $10,112,500 2.8 $3,611,607 2014 28 170.2 Tampa Bay Rays ($14,000,000) $8,950,820 2.7 $3,315,119 AS,CYA-6 77.2 5.164 Detroit Tigers $5,049,180 1.9 $2,657,463 AS,CYA-6 2015 29 146.0 Detroit Tigers ($19,750,000) $12,627,050 3.6 $3,507,514 AS,CYA-2,MVP-9 74.1 6.164 Toronto Blue Jays $7,122,950 2.4 $2,967,896 AS,CYA-2,MVP-9 Vrooman Projections for Free Agent Tier 3 Contract Salary WAR* PV/WAR* PV@10% 2016 30 Boston Red Sox $30,000,000 4.9 $6,122,449 $30,000,000 2017 31 Boston Red Sox $30,000,000 4.2 $6,548,074 $27,272,727 2018 32player option Boston Red Sox $30,000,000 3.5 $7,003,287 $24,793,388 2019 33 Boston Red Sox $31,000,000 3.0 $7,739,819 $23,290,759 2020 34 Boston Red Sox $32,000,000 2.6 $8,544,909 $21,856,431 2021 35 Boston Red Sox $32,000,000 2.2 $9,138,940 $19,869,482 2022 36 Boston Red Sox $32,000,000 1.7 $10,385,160 $18,063,166 Total Contract 7 years (2016-22) $217,000,000 22.1 $7,477,481 $165,145,953 *WAR decays at 90% of prior year through age 30, 85% for ages 31-35, and 80% for ages 36 and up. Source: John Vrooman, Baseball Reference and FanGraphs

ENGLISH PREMIER LEAGUE PWDL GF GA PTS Win% 1Chelsea (London) 38 26 9 3 73 32 87 .803 2 Manchester City 38 24 7 7 83 38 79 .724 3Arsenal (London) 38 22 9 7 71 36 75 .697 4 Manchester United 38 20 10 8 62 37 70 .658 5 Tottenham Hotspur (London) 38 19 7 12 58 53 64 .592 6 Liverpool 38 18 8 12 52 48 62 .579 7 Southampton 38 18 6 14 54 33 60 .553 8 Swansea City 38 16 8 14 46 49 56 .526 9 Stoke City 38 15 9 14 48 45 54 .513 10 Crystal Palace (London) 38 13 9 16 47 51 48 .461 11 Everton (Liverpool) 38 12 11 15 48 50 47 .461 12 West Ham United (London)*FP 38 12 11 15 44 47 47 .461 13 West Bromwich Albion 38 11 11 16 38 51 44 .434 14 Leicester City 38 11 8 19 46 55 41 .395 15 Newcastle United 38 10 9 19 40 63 39 .382 16 Sunderland 38 7 17 14 31 53 38 .408 17 Aston Villa 38 10 8 20 31 57 38 .368 18 Hull City 38 8 11 19 33 51 35 .355 19 Burnley 38 7 12 19 28 53 33 .342 20 Queens Park Rangers (London) 38 8 6 24 42 73 30 .289

EFL CHAMPIONSHIP (D2) PWDLGFGAPTSWin% 1 AFC Bournemouth 46 26 12 8 98 45 90 .696 2 Watford 46 27 8 11 91 50 89 .674 3 Norwich City 46 25 11 10 88 48 86 .663 4 Middlesbrough 46 25 10 11 68 37 85 .652 5 Brentford (London) 46 23 9 14 78 59 78 .598 6 Ipswich Town 46 22 12 12 72 54 78 .609 7 Wolverhampton Wanderers 46 22 12 12 70 56 78 .609 8Derby County 46211411855677.609 9 Blackburn Rovers 46 17 16 13 66 59 67 .543 10 Birmingham City 46 16 15 15 54 64 63 .511 11 Cardiff City 46 16 14 16 57 61 62 .500 12 Charlton Athletic (London) 46 14 18 14 54 60 60 .500 13 Sheffield Wednesday 46 14 18 14 43 49 60 .500 14 Nottingham Forest 46 15 14 17 71 69 59 .478 15 Leeds United 46 15 11 20 50 61 56 .446 16 Huddersfield Town 45 13 15 17 58 75 54 .456 17 Fulham (London) 46 14 10 22 62 83 52 .413 18 Bolton Wanderers 46 13 12 21 54 67 51 .413 19 Reading 46 13 11 22 48 69 50 .402 20 Brighton & Hove Albion 46 10 17 19 44 54 47 .402 21 Rotherham United 46 11 16 19 46 67 46 .413 22 Millwall (London) 46 9 14 23 42 76 41 .348 23 Wigan Athletic 46 9 12 25 39 64 39 .326 24 Blackpool 45 4 13 28 36 91 25 .233

SPANISH LA LIGA PWDLGFGAPTSWin% 1 FC Barcelona 38 30 4 4 110 21 94 .842 2 Real Madrid CF 38 30 2 6 118 38 92 .816 3 Atletico de Madrid 38 23 9 6 67 29 78 .724 4 Valencia CF 38 22 11 5 70 32 77 .724 5 Sevilla FC* (Europa Champion) 38 23 7 8 71 45 76 .697 6 Villarreal CF 38 16 12 10 48 37 60 .579 7 Athletic de Bilbao 38 15 10 13 42 41 55 .526 8 RC Celta (Vigo) 38 13 12 13 47 44 51 .500 9 Malaga CF 38 14 8 16 42 48 50 .474 10 RCD Espanyol (Barcelona) 38 13 10 15 47 51 49 .474 11 Rayo Vallecano 38 15 4 19 46 68 49 .447 12 Real Sociedad (San Sebastian) 38 11 13 14 44 51 46 .461 13 Elche CF 38 11 8 19 35 62 41 .395 14 Levante UD (Valencia) 38 9 10 19 34 67 37 .368 15 Getafe CF 38 10 5 21 33 64 37 .329 16 RC Deportivo (La Coruna) 38 7 14 17 35 60 35 .368 17 Granada CF 38 7 14 17 29 64 35 .368 18 SD Eibar 38 9 8 21 34 55 35 .342 19 UD Almeria 38 8 8 22 35 64 32 .316 20 Cordoba CF 38 3 11 24 22 68 20 .224 ITALIAN SERIE A PWDLGFGAPTSWin% 1 Juventus FC (Torino) 38 26 9 3 72 24 87 .803 2 AS Roma 38 19 13 6 54 31 70 .671 3 SS Lazio (Roma) 38 21 6 11 71 38 69 .632 4 AC Fiorentina 38 18 10 10 61 46 64 .605 5 SSC Napoli 38 18 9 11 70 54 63 .592 6Genoa CFC 38161111624759.566 7 UC Sampdoria 38 13 17 8 48 42 56 .566 8 FC Internazionale (Milan) 38 14 13 11 59 48 55 .539 9 Torino FC 38 14 12 12 48 45 54 .526 10 Milan AC 38 13 13 12 56 50 52 .513 11 US Città di Palermo 38 12 13 13 53 55 49 .487 12 US Sassuolo 38 12 13 13 49 57 49 .487 13 Hellas Verona FC 38 11 13 14 49 65 46 .461 14 AC Chievo Verona 38 10 13 15 28 41 43 .434 15 Empoli FC 38 8 18 12 46 52 42 .447 16 Udinese Calcio 38 10 11 17 43 56 41 .408 17 Atalanta BC 38 7 16 15 38 57 37 .395 18 Cagliari Calcio 38 8 10 20 48 68 34 .342 19 AC Cesena 38 4 12 22 36 73 24 .263 20 Parma FC 38 6 8 24 33 75 19 .263

FRENCH LIGUE 1 PWDLGFGAPTSWin% 1 Paris-Saint-Germain FC 38 24 11 3 83 36 83 .776 2 Olympique Lyonnais 38 22 9 7 72 33 75 .697 3 AS Monaco 38 20 11 7 51 26 71 .671 4 Olympique de Marseille 38 21 6 11 76 42 69 .632 5 AS Saint-Etienne 38 19 12 7 51 30 68 .658 6 FC Girondins Bordeaux 38 17 12 9 47 44 63 .605 7 Montpellier-Herault 38 16 8 14 46 39 56 .526 8 Lille OSC 38 16 8 14 43 42 56 .526 9 Stade Rennais FC 38 13 11 14 35 42 50 .487 10 En Avant Guingamp 38 15 4 19 41 55 49 .447 11 OGC Nice 38 13 9 16 44 53 48 .461 12 SC Bastia 38 12 11 15 37 46 47 .461 13 SM Caen 38 12 10 16 54 55 46 .447 14 FC Nantes 38 11 12 15 29 40 45 .447 15 Stade de Reims 38 12 8 18 47 66 44 .421 16 FC Lorient 38 12 7 19 44 50 43 .408 17 Toulouse FC 38 12 6 20 43 64 42 .395 18 Evian-Thonon Gaillard FC 38 11 4 23 41 62 37 .342 19 FC Metz 38 7 9 22 31 61 30 .303 20 RC Lens 38 7 8 23 32 61 29 .289

GERMAN BUNDESLIGA PWDLGFGAPTSWin% 1 FC Bayern Munchen 34 25 4 5 80 18 79 .794 2 VfL Wolfsburg 34 20 9 5 72 38 69 .721 3 Borussia Monchengladbach 34 19 9 6 53 26 66 .691 4 Bayer 04 Leverkusen 34 17 10 7 62 37 61 .647 5 FC Augsburg 34 15 4 15 43 43 49 .500 6 FC Schalke 04 34 13 9 12 42 40 48 .515 7 Borussia Dortmund 34 13 7 14 47 42 46 .485 8 TSG 1899 Hoffenheim 34 12 8 14 49 55 44 .471 9 Eintracht Frankfurt 34 11 10 13 56 62 43 .471 10 SV Werder Bremen 34 11 10 13 50 65 43 .471 11 FSV Mainz 05 34 9 13 12 45 47 40 .456 12 FC Koln 34 9 13 12 34 40 40 .456 13 Hannover 96 34 9 10 15 40 56 37 .412 14 VfB Stuttgart 34 9 9 16 42 60 36 .397 15 Hertha BSC Berlin 34 9 8 17 36 52 35 .382 16 Hamburger SV 34 9 8 17 25 50 35 .382 17 SC Freiburg 34 7 13 14 36 47 34 .397 18 SC Paderborn 07 34 7 10 17 31 65 31 .353 UEFA Seeding Coefficients for Champions and Europa Leagues Top 12 Domestic Leagues 2015-16 Rank League/Club Coef. Seed Rank League/Club Coef. Seed Rank League/Club Coef. Seed 1 Spain 97.7 5 Portugal 62.3 9 Ukraine 41.0 CL1 FC Barcelona 165.0 CL/GS CL1 Benfica 118.3 CL/GS CL1 Dinamo Kiev 65.0 CL/GS CL2 Real Madrid 172.0 CL/GS CL2 FC Porto 111.3 CL/GS CL2 Shakhtar Donetsk 86.0 CL/Q3 CL3 Atletico Madrid 121.0 CL/GS CL3 Sporting CP Lisbon 56.3 CL/Q4 EL1 Dnipro Dnipropetrovsk 52.0 EL/GS EL* Sevilla 80.5 CL/GS EL1 Sporting Braga 51.8 EL/GS EL2 Zorya Luhansk 10.5 EL/Q3 CL4 Valencia 100.0 CL/Q4 EL2 Vitoria Guimaraes 17.8 EL/Q3 EL3 Vorskla Poltava 11.0 EL/Q3 EL1 Villarreal 59.0 EL/GS EL3 CF Os Belenenses 12.3 EL/Q3 10 Belgium 36.3 EL2 Athletic Bilbao 57.0 EL/Q3 6 France 56.5 CL1 AA Gent 13.4 CL/GS 2 England 84.7 CL1 Paris Saint-Germain 100.5 CL/GS CL2 Club Brugge 41.4 CL/Q3 CL1 Chelsea 142.1 CL/GS CL2 Olympique Lyon 73.0 CL/GS EL1 Anderlecht 47.4 EL/GS CL2 Manchester City 87.1 CL/GS CL3 AS Monaco 31.5 CL/Q3 EL2 Standard Liege 25.4 EL/Q3 CL3 Arsenal 110.1 CL/GS EL1 Olympique Marseille 55.5 EL/GS EL3 Charleroi 7.4 EL/Q2 CL4 Manchester United 103.1 CL/Q4 EL2 AS Saint-Etienne 17.0 EL/Q3 11 Turkey 34.2 EL1 Tottenham Hotspur 84.1 EL/GS EL3 Girondins Bordeaux 24.5 EL/Q3 CL1 Galatasaray 50.0 CL/GS EL2 Liverpool 47.1 EL/GS 7 Russia 47.0 CL2 Fenerbahce 30.0 CL/Q3 EL3 Southampton FC 16.1 EL/Q3 CL1 Zenit St. Petersburg 90.1 CL/GS EL1 Besiktas 36.5 EL/GS FP West Ham United 16.1 EL/Q1 CL2 CSKA Moscow 55.6 CL/Q3 EL2 Istanbul Basaksehir 6.5 EL/Q3 3 Germany 81.6 CW Lokomotiv Moscow 23.1 EL/GS EL3 Trabzonspor 36.5 EL/Q2 CL1 Bayern Munchen 154.9 CL/GS EL2 FK Krasnodar 15.1 EL/Q3 12 Greece 33.6 CL2 VfL Wolfsburg 31.9 CL/GS EL3 Rubin Kazan 57.1 EL/Q3 CL1 Olympiakos Piraeus 62.4 CL/GS CL3 Borussia Mönchengladbach 33.9 CL/GS 8 Netherlands 44.3 CL2 Panathinaikos 19.9 CL/Q3 CL4 Bayer Leverkusen 87.9 CL/Q4 CL1 PSV Eindhoven 58.2 CL/GS EL1 Asteras Tripolis 13.4 EL/GS EL1 FC Augsburg 15.9 EL/GS CL2 Ajax 66.2 CL/Q3 EL2 Atromitos FC 10.4 EL/Q3 EL2 Schalke 04 111.9 EL/GS CW FC Groningen 8.7 EL/GS EL3 PAOK Thessaloniki 40.9 EL/Q2 EL3 Borussia Dortmund 99.9 EL/Q3 EL2 AZ Alkmaar 46.7 EL/Q3 4 Italy 66.9 EL3 Vitesse Arnhem 10.2 EL/Q3 CL UEFA Champions League CL1 Juventus 95.1 CL/GS FP Go Ahead Eagles 8.2 EL/Q1 EL UEFA Europa League CL2 AS Roma 43.6 CL/GS GS Group St age CL3 Lazio 49.1 CL/Q4 Q Qualifying Round EL1 Fiorentina 49.1 EL/GS FP Fair playspot in EL EL2 Napoli 84.1 EL/GS EL3 Sampdoria 18.1 EL/Q3

The Champions League has 32 teams in a group stagethat is preceded by four qualifying stages. The last qualifying round is also called the play-off round. The champions of all countries enter the Champions League, but high ranked countries can send up to 5 teams. Some teams of high ranked countries are direc tly qualified for the group stage, while others have to play qualifying rounds. The Group Stage is followed by 16 teams in 4 knoc kout rounds. Playoff round 4 involves 20 teams split in two sec tions: Champions sec tion with 10 teams 10 winners from 3rd qualifying round Non-Champions sec tion with 10 teams, 5 winners from 3rd qualifying round, 2 third-placed teams from countries ranked 4-5, 3 fourth-placed teams from countries ranked 1-3. The Group Stage involves 8 groups of 4 teams each with 10 winners from 4th qualifying round; 12 champions from countries ranked 1-12; 6 2nd-placed teams from countries ranked 1-6; 3 3rd-placed teams from countries ranked 1-3; and defending UCL or Europa Champion. Knockout phase: From the last 16 until semi-finals, clubs play two home-and-away games with the same rules as the qualifying and play-off rounds. The side that scores the greater aggregate of goals qualifies for the next round. The third-placed finishers in every group enter the UEFA Europa League round of 32. In the last 16, group winners play runners-up rather than teams from own pool or nation, from quarter-finals onwards the draw is free.