Building Stadiums

Census reported in September 2014 that the U.S. median household income in the United States was $51,939 in 2013, which means the lowest salary in the NFL is eight-nine times more then the median income in our country” (Fleyshman). Players make loads of money because people will pay the price to watch their favorite team. Every time someone buys a ticket to watch a game or every time that a company wants to sponsor the team, that team makes more money then many businesses. The NFL teams are making so much money and they give money for charities, but why can’t they give more money to the charities or to towns that have lost many houses because of a terrible storm. They are doing charities and campaigns, “but they are not making as mush difference as doctors who are saving lives”

Typically, in today’s society of the sport of football, the NFL is quite the interesting sport. I still love the sport of football, but most people refer to the NFL as a business instead of a sport because that’s what it is. People like to think of the NFL, or professional sports as a dreamed privileged job to have, because your day consists of playing the sport you grew up possibly wanting to play forever or love, but now a days people want everything that the sports has to offer, such as the money, cars, clothes, woman, etc. they want all of these except, the responsibility of managing the Ten, and hundred thousand, or millions of dollars that they are being paid. According to CBS news, “Studies have shown that a high percentage of NFL players

It was further explained that there was an additional economic boost provided by the spending of the visiting NBA teams. Simply stated, large events such as a professional sports game or big concerts will attract individuals to come, which in turn will boost the economy of the surrounding area. According to the study performed by the Greater Memphis Chamber of Commerce, “the total economic impact on Memphis/Shelby County generated by these activities is $223 million annually. This includes the impact of all spending by the Memphis Grizzlies, by the operation of the FedEx Forum, and all visitor spending, as it flows through the Shelby County economy” (2010, p.3). It is later determined that the number of jobs that are created and maintained because of this additional revenue is 1,534. On top of this, there is additional revenue created for the city via local taxes and other fees.

Public financing for stadiums is an ongoing debate. Some studies show public funding does not generate economic impact. Other studies show public funding generates economic opportunities. Recently, November 16, 2017, the voting citizens of San Diego, California, reject a measure to finance a new stadium for the San Diego Chargers. In comparison, voting citizens of Arlington, Texas agree to sales, hotel and rental car tax increases to help fund the Texas Rangers new ballpark. What is available in Florida may vary from what is available in Texas. Depending on the instance, it comes down to politics. Politics is based on locality. Politically acceptable and politically realistic measures could depend on locality. The facilities built serve

The National Football League (NFL) is an example of the incredibly successful industry generated by the sport. This business has been, and continues to be, the highest earning sports league in the United States. Average revenue that a franchise earns in the NFL is 286 million dollars, with the closest industry trailing behind being Major League Baseball (MLB) averaging almost 50 million dollars less (Gaines). Another aspect to observe with this comparison is putting in proportion how much more is made per game since football has significantly fewer games. The NFL creates its leading revenue in only a 16 game regular season, whereas the MLB falls short after playing 162 entire games. Putting this into perspective, an NFL team generates an average 17.8 million dollars a game, but an MLB team generates only 1.4 million dollars a game. Revenue

The NFL continues to remain the most lucrative professional league. According to Forbes Magazine the NFL’s 32 teams are worth on average, $1.7 billion, which is more than any other sports league. In contrast the world’s top 20 soccer teams have an average value of $976 million. The NFL has been successful despite the severe brain injuries that have been suffered by the athletes of their sport. Even though they continue to generate billions of dollars each year, the NFL is in danger of losing

Sports Stadiums are an iconic staple of American tradition. However not everything about these venues is positive. Team owners take advantage of laws and fans to meet their own goals. Citizens and city officials from various locations have taken up their grievances with the NFL in the past. And it has gotten to the point where even political parties join together to bring to light issues with the organization. NFL stadiums are not good for cities because they take advantage of tax payers, hurt citizens on an economic level and cost them billions in subsidies.

While growing up in the state of Texas I was introduced to National Football League (NFL) at a very young age. Not only was I obsessed with great players like Emmitt Smith and Michael Irving, I had a more finical appreciation for the lucrativeness associated with the NFL. My young adulthood as well as my teenage years was spent playing and learning football with the aspirations of hopefully making it to the NFL. Unfortunately, my playing days ended with tryouts at Texas Tech University, but my love for the game has remained stagnant over the years even till this day. The NFL today is Americas most watched sports league and has taken the crown as the most lucrative and unique economic force in sports. Forbes offered approximations stating that on average, the NFL generates more than $6-9 billion a year in revenues alone. A third of the individual franchises in the league were appraised at over more than $1 billion while the other franchises average nine figures or higher. The NFL as an organization generates its revenues through a multitude of ways ranging from huge television contracts, in-stadium ticket sales, advertising ads paid for by sponsors and merchandise. Their business model unlike most other leagues, is centered on a hard salary cap on player contracts which provides cost certainty with its sponsors. In this paper, I will examine the economic and historical narrative associated with the growth of the NFL’s

There is no doubt some of the highest salaries in America belong to professional athletes. Whether it’s LeBron James’s $19.3 million dollar salary with the Cleveland Cavaliers or Matt Ryan’s $42 million dollar deal with the Atlanta Falcons, professional athlete’s salaries prove just how valuable the players are to whatever organization they are a part of. (Forbes.com) In 2014 the average professional football franchise was valued at $1.4 billion and the average professional basketball franchise was valued at $1.1 billion so it’s no wonder why athletes can be paid such high sums of money.(Forbes.com) Besides professional sports American’s love college athletics, college football in particular. Drawing in an average of 44,997 fans per game

Every fall a majority of Americans count down the days to the start of every NFL season. It is the time of the year when people look forward to traveling to their favorite team’s stadium, or powering up the big screen to watch the game. The NFL provides an outlet every Sunday for people to relax and enjoy exciting entertainment. Everyone looks forward. So many people have invested themselves into their favorite team by purchasing season tickets, sporting countless items of team gear, devoting many hours to fantasy football, and gambling. It is no secret the level of impact that the NFL has on so many people of all ages and genders. The NFL does a great job marketing their product

To aid Cowboys owner and general manager Jerry Jones, whom is stated in Forbes Magazine as being “worth 3.1 billion dollars himself,” (Page 1), in paying the construction costs of the new stadium, Arlington voters approved the increase of the city's sales tax by 0.5 percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided over $325 million (including interest) in bonds as funding, and Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million loan, following its policy for facilitating financing for the construction of new stadiums,” (Page 1).

For example, the Oregon University Athletics program alone makes $196 million a year just off of sports sales. And twenty other colleges are making over $100 million a year with the athletes still not being paid. Almost every college makes their money off sporting resources like admission, or jersey sales. But almost all of their main money source comes from ticket sales. Depending on the seat view or spot will range from about $14 to $4,250 per ticket. And if the event is a special game the cost rises, along with the team or area. And the thing is that the majority of the money coming from sports the colleges use on things not even needed. Auburn University used money from its sales on a 11,000 foot HD screen for the stadium worth 13.9 million. And many other schools used the money from sporting events for different additions to the school worth well over $50

January 19, 2017 the Oakland Raiders of the National Football League filed for relocation to Las Vegas, Nevada. The Raiders football team has asked the city of Oakland to help fund the construction a new stadium, but the city has not been overly helpful regarding the matter. Therefore, this is what is prompting the team to move to Las Vegas. The team has officially filed for relocation, but has to wait for the results from the vote of all NFL team owners. The team hopes to be settled in Las Vegas by the 2020 season (Belson). The Raiders leaving the city of Oakland, for the city of Las Vegas, will have a negative economic impact on Oakland.

The National Football League(NFL) is running one of its own games on the public, and as one the most supported non-profit organizations in American history. The NFL excels at tackling the American taxpayer. It should be of no surprise that with its religious-like following, the NFL receives the same tax-exempt status as a church, exempted under the IRS 501 (c)(6) code from paying federal taxes. The legislation puts the NFL as a non-profit trade association which it has been under since 1942. This statement intends me to ask what Steve Almond asked in his book “Against Football: One Fan 's Reluctant Manifesto” how did this happen (Almond pg.81)? Imagine driving through a city. The things you see around you are: average constructed schools, average constructed houses, bumpy roads, and very old structured buildings. Oh but wait, in the middle of the city you see a huge modern electrical sign on top of a huge modern structure saying “The Coca Cola Arena”. At this minute you may ask, how can a very average sized constructed town have one the most fascinating buildings in the world? This to me is very controversial and leads me to agree with Steve Almonds claim that the NFL is an ideal model of crony capitalism and a corporate oligarchy.

Proponents of subsidizing sports stadiums is a great decision because the economic impact it will have on the community is great for two main reasons. First, sports stadiums are massive construction projects. In fact, one could compare them to a medieval cathedral in their attempts to dominate a skyline and inspire pride in one’s city And, just like these cathedrals, they are very expensive, and massive building projects that would require many years of hard painstaking labor. For example, the proposed stadium for the Los Angeles Rams in Inglewood, California, was predicted to cost $3 billion and add 22,000 construction jobs to the economy of Los Angeles, California. Although construction jobs do eventually disappear once a stadium is constructed once the games begin, so does the massive consumer spending. For example, more than 3.5 million people saw the St. Louis Cardinals play at Busch Stadium in 2015.