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.