"There's something wrong about the system," Goodell said Friday. "The money should go to people who perform."
Goodell referred to Michigan tackle Jake Long's five-year, $57.75 million contract
- with $30 million guaranteed. Long was the first overall draft pick by the Miami Dolphins in April.
"He doesn't have to play a down in the NFL and he already has his money," Goodell said during a question-and-answer period at the end of a weeklong sports symposium at the Chautauqua Institution. "Now, with the economics where they are, the consequences if you don't evaluate that player, you can lose a significant amount of money.
"And that money is not going to players that are performing. It's going to a player that never makes it in the NFL. And I think that's ridiculous."
Goodell said he favors lowering salaries offered to rookies, but allowing a provision for those players to renegotiate their deals after proving themselves on the field.
His statement was greeted by a long round of applause from the estimated crowd of 2,000 inside the amphitheater.
Speaking to reporters before his appearance, Goodell said he plans to open negotiations with the players union on a revamped labor deal this fall. He's listened to concerns from all 32 owners in meetings over the past month.
"We just finished a series of one-on-one meetings with all 32 teams, where I have a better understanding and people have a better understanding of the economics each team is facing," Goodell said. "I think we can identify what it is we need in a negotiation to continue to make the agreement work for the NFL and for the players."
Goodell said the key need is to have the NFL Players' Association appreciate the financial challenges owners face with rising stadium construction costs and a faltering economy. Those issues were not anticipated in the previous collective bargaining agreement, which provided players a 60 percent share of the league's gross revenues.
"As our costs increase outside of player costs, that other 40 percent ... squeezes the margins and just makes it financially unworkable," Goodell said. "There has to be some more recognition of the costs."