Description: The Balance Sheet is for informational purposes only. It displays the items which your team made and spent money on last evening. It can help teams to track revenue and figure out where it came from.

The balance Sheet displays the following line items (and if they add to or take away from the bottom line):

Ticket Sales (+)
Concession Sales (+)
Merchandise Sales (+)
Trainer Expense (-)
Head Coach Expense (-)
League Shared Revenue (+)
Salary Cap Violation Penalty (-)
Salary Liability

The sum of these items does not always match money added to your bank and cash reserve. Often times teams have small amounts of money added for things such as a refund of a league fee on a coach or trainer bid and bank interest. So, this is more of a breakdown of operations revenue rather than total revenue.

League Shared Revenue: A portion of ticket sales goes into a League Shared Revenue pot to be divided among all qualifying teams. This is to help less financially stable teams enjoy the game as well. In addition, the salary cap penalty a team may incur also goes into league shared revenue.

Salary Liability: All but the final two seasons of a player's contract are guaranteed (meaning if the player has 0 or 1 year left on his contract that is not) in most leagues. Any player who is released with more than 1 year left on their contract will still need to be paid by your team, for the duration of the contract, and therefore count against your salary cap. This is where salary liability comes in. The salary liability (which is shown at the bottom of the balance sheet screen over this and the next 8 seasons) is a running total of how much money in salaries of players who are NOT on your team that you still owe money to. The liability as shown in the table at the bottom of the balance sheet is a season total. It is important to note that there is a grace period for new owners to release long term contract players without incurring any penalties. That period is typically 60 days.