NFL's CFO leaves (1 Viewer)

[Sammy Traveller]

NFL Financial Chief Noto Will Return to Goldman Sachs

National Football League Chief Financial Officer Anthony Noto (below) will leave the league after two years and return to Goldman Sachs Group (GS), the league said on its website Monday.

Noto will rejoin Goldman as partner in the investment banking unit and co-head of the global media group, according to the NFL. Eric Grubman, the NFL's executive vice president of business operations, will represent the league through the rest of the collective-bargaining negotiations with the NFL Players Association. Grubman is also a Goldman alum.

Noto leaves the NFL as concerns about a possible work stoppage among players in the 32-team league in 2011 are on the upswing. With the salary cap up almost 50% since 2006, owners are looking to control surging player salaries, and specifically want to rein in signing bonuses paid to rookies who are often out of the league after a few years.

Noto was a top media and entertainment analyst at Goldman before joining the NFL in early 2008.

trying to read between the lines here...Goodell hasn't exactly acquitted himself well since he became commish, and now his CFO leaves?

 

[Neofight]

NFL Financial Chief Noto Will Return to Goldman Sachs

National Football League Chief Financial Officer Anthony Noto (below) will leave the league after two years and return to Goldman Sachs Group (GS), the league said on its website Monday.

Noto will rejoin Goldman as partner in the investment banking unit and co-head of the global media group, according to the NFL. Eric Grubman, the NFL's executive vice president of business operations, will represent the league through the rest of the collective-bargaining negotiations with the NFL Players Association. Grubman is also a Goldman alum.

Noto leaves the NFL as concerns about a possible work stoppage among players in the 32-team league in 2011 are on the upswing. With the salary cap up almost 50% since 2006, owners are looking to control surging player salaries, and specifically want to rein in signing bonuses paid to rookies who are often out of the league after a few years.

Noto was a top media and entertainment analyst at Goldman before joining the NFL in early 2008.

trying to read between the lines here...Goodell hasn't exactly acquitted himself well since he became commish, and now his CFO leaves?

Not a good sign. As much as I hated the idea of the NFL turning to a GS partner at the time, Noto was and is a very well respected analyst. Probably sees the writing on the wall for next season. Time to start studying up on the college game a bit more for FF fans.

 

[Tom Vu]

I don't think this reflects poorly on the NFL or Goodell at all. Sounds like a solid career move to me. Anybody think think Noto's earning potential might increase just a wee bit heading back to GS?

Being a pigman in the investment world >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> NFL CFO

 

[Rovers]

This is a clear case of being first in the life boat, and get seperation before the suction of the sinking ship swallows anything near it. Career saving move. Smart guy.

 

[ponchsox]

Goldman Sachs isn't the big fat-cat operation it was since Obama started to regulate the banking industry.

 

[Sammy Traveller]

I don't think this reflects poorly on the NFL or Goodell at all. Sounds like a solid career move to me. Anybody think think Noto's earning potential might increase just a wee bit heading back to GS?Being a pigman in the investment world >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> NFL CFO

another Goldman alum has to clean up after him -- i.e. representing the NFL in the CBA negotiations.Noto wouldn't cut bait like that, in the middle of difficult and complicated negotiations with the players and the owners.Doesn't exactly show loyalty to Goodell.

 

[bulger2holt]

Goldman Sachs runs the FED and the US.

 

[Guest]

I don't think this reflects poorly on the NFL or Goodell at all. Sounds like a solid career move to me. Anybody think think Noto's earning potential might increase just a wee bit heading back to GS?Being a pigman in the investment world >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> NFL CFO

With this iron-clad logic, why did he leave GS in the first place? I'm not disgreeing he'll probably make 10x more at Goldman than he will with the NFL. But he did take the job not so long ago. If he's leaving, there's a reason, and it ain't the pay.

 

[Jason Wood]

Guys, don't make too much of this. Noto was burnt out of the sell side research game at a time when Goldman was under severe fire. Things have calmed down, Goldman is back on solid footing, and Noto is being given a job that...on a bad year, will make him 8 figures.