For any of you new to Madden, or new to the Owner Mode in Madden, here is a few thoughts that may help you get your head around all things finance related.
Below are some tips on potentially the most important part of this, and with a bit of help can help you become one of the best GMs in the league.
Managing Your Cash Flow is the key to all of this.
Its easy to get in trouble with your funds, even more so if you are in a small market. As in any business you need to maximize your income and minimize your outgoings. How do you do that?
• Plan, keep a note of which of your top players will be out of contract soon, you may not be able to afford them all. The Franchise Tag is your friend, so use it if in funds trouble on the expensive positions first. If for QBs the franchise tag is $20m, then this will cost you $10m in funds. You also don’t have to have the cash flow to pay this out, but If you end the season in a negative number then that’s strike one.
• End the following season in negative funds and you are given the boot.
• What you make in home games is different to road games, as you generate ticket fees, concession income, and greater merchandise sales.
• Keep a note of what you make each week to help
• You find all this in My Owner > Finances > Team Revenue
• This should be your go to page to get a grip of your cash flow
• Take a look through the following
• Ticket Prices. Setting the right ticket prices, now there is a fine line here. There is a school of thought to max out prices, or some other to raise them only for Divisional Games and if you are lucky Home Playoff Games. I think the only correct way is not to have them too low at all, if in doubt err on the side of high end of pricing.
• Concessions and Merchandise prices follow a similar thought pattern. Have a listen to what the fans are saying and have a test to find the right balance by tweaking week to week and keeping note. Also look for the personality rating of your players, as the higher ones will generate better jersey sales and all-important cash.
• Stadium Fees can be a huge drain on your resources, while it is nice to play in a brand spanking new state of the art stadium, the long-term consequence is you paying around $2m a week until the end of time. Yes, you will be able to sell deluxe burgers, and the punters will compliment you on the bathrooms, but in the long run will this pay dividends? That’s the choice you must make. Concessions income will rise but you could be paying around $40m a year, is it worth it?
• Staff Salaries – It’s a minimal outgoing so should be nothing to see here, but look incase you have a silly Jon Gruden like contract hanging a millstone around your neck.
• Shared Income – You get the $2m a week here whatever happens.
• Player Salaries – Now this is the part that if you don’t take care of will end up catching you out the most. If this number is around $4-5m then you are under control. $5-6m then you are paying top dollar for your side. Over $6m and you are spending money like its going out of fashion, and on the road to ruin. $7m – and you are managing the Titans.
• How is this number worked out? Well, it’s what you are playing your players per week
• Say you have a player on a $50m dollar contract, which includes a $20m bonus on a 4-year deal.
• At signing you pay the $20m straight out of your funds, so you still owe the player $30m over the course of his 4-year deal. You pay this as a weekly salary.
• For this example, let’s say his cap hits per season are, $11m, $12m, $13m, and $14m respectively – this should equal the $50m total deal.
• What will this player be paid per week in year one of his contract?
• First, work out how much of the $11m has already been paid out of his bonus at signing.
• This is bonus paid divided by contract length
• In this case $20m divided by 4 years = $5m
• His $11m salary cap hit for year one, minus this $5m, leaves $6m – this is what you still have to pay the player in the season
• Divide the $6m by 20 (16 game weeks + 4 preseason) which equals 300k a week
• So, this player is being paid $300k a week
• Now what detail you go into for this is up to you, but really if you feel your wage bill is too high then just look at the expensive players with low overall ratings
• If you can reduce your weekly wage bill by $1m a week at the start of the season, that’s a $20m saving over the course of the year.
• That could be the difference in resigning one of your players, or having a big impact in free agency
• Player Bonuses – This is where you see the money you have given out as signing on bonuses accounted for
• That’s a pretty quick and simple guide to owner finances, any questions then just ask