So the NFL, the cash cow of all sports leagues, claims that every owner is losing money.Sure they are.
They're losing money because they're only getting $21.4 Billion per year in TV contracts. That means each of the 32 owners only gets $668,750,000. From TV alone. Before they sell a ticket, or a hot dog, or a t-shirt. How can they feed their kids?
If the owners can manage to lose money when their payrolls are about $100 million and they're getting almost 7 times that amount just from TV, then something tells me they're really bad business men. Or they're lying. *GASP* The NFL? Lie? Sacrilegious! Everyone loves the NFL. They'd never do anything to hurt us. I can sleep soundly at night knowing that the NFL is protecting my house from burglars.
Give me a break. The NFL is full of crap and if the owners want to kill their golden goose then I can only hope that no one ever watches a game again.
3 comments:
Tim,
re-check your math. I'm just guessing that TV does not pay the owners $668 million each per year.
Not that they are hurting, but they do not make $668 million each per year.
http://en.wikipedia.org/wiki/NFL_on_television
Currently, five American television networks (CBS, NBC, FOX, and ESPN) are paying a combined total of US$21.4 billion per year (starting in 2006) to broadcast NFL games.
$21.4 billion per year divided across the 32 owners equals $668 million per year per owner.
The math seems solid to me.
Sure, the league offices might take some of that, but it's not disclosed.
Tim,
According to Forbes, the last TV contract was for 17.6 billion over 8 years ( http://www.forbes.com/business/2004/09/02/cz_kb_0902nflintro.html)
I think the 21.4 billion number is correct, but its over 8 years instead of per year. Probably not the first thing that wikipedia has screwed up.
I'm still not crying for the owners.
Keep up the good work.
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