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Originally Posted by TEX
Please tell how they didn't... |
I've been over this a dozen times here. Bowlen needed to build a new stadium and had an agreement with Elway and TD that he would pay them at a later date. If Bowlen wasn't trying to get a new stadium it wouldn't have been an issue.
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Henderson did not directly address the issue of whether the club gained a competitive advantage but said the Broncos circumvented the cap to help pay for costs related to the construction of Invesco Field at Mile High.
"The investigation resulted in the discovery of undisclosed agreements between the club and Broncos players during the same period [1996-1998] pursuant to which various players agreed to defer certain compensation in exchange for a commitment to pay interest on the deferred amounts," Henderson said in the statement. "These agreements were plainly designed to help the club cope with seasonal cash flow problems exacerbated by the Broncos' need to fund front-end expenditures associated with development of the new stadium in Denver."
The Broncos reportedly were responsible for about $100 million of the approximately $401 million cost of Invesco Field at Mile High, which opened in 2001 and replaced Mile High Stadium as the team's home.
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http://www.washingtonpost.com/wp-dyn...2004Sep17.html