Essay on Nfl History

836 WordsApr 9, 20074 Pages
NFL The NFL was founded on September 17, 1920 and was known as the American Professional Football Association (APFA). It was renamed in 1922 as the National Football League or NFL. In 1920 there were eleven football franchises to form the first professional football league compared to the 32 teams that form the league now. The original teams are: Canton Bulldogs, Cleveland Tigers, Dayton Triangles, Akron Professionals, Rochester (N.Y.) Jeffersons, Rock Island Independents, Muncie Flyers, Decatur Staleys, Chicago Cardinals, and Hammond Pros. Jim Thorpe was elected as the league's first president. In 1970 NFL's rival league AFL merged their schedules and formed two conferences in which the AFL became AFC and NFL became NFC. Revenue…show more content…
A salary cap is designed to keep player salaries from increasing at the rate they were at the time. The salary cap is basically a set amount of money that each of the NFL's 32 teams is allowed to spend on player salaries for any given year. Since salaries have continued to grow at a rate outpacing the salary cap, teams have found ways to get around the cap. One way is signing bonuses, which don't count toward a team's cap for a given year. A player who receives a signing bonus gets more money for that year than his recorded salary, this way it leaves more room in the cap for the other players. The advantage for the player is that all signing bonus money is guaranteed to be paid, whereas an NFL contract is not guaranteed. All players receive a minimum base salary. The base salary is the value according to his contract. The cap value represents the player's calculated signing bonus, plus salary and other bonuses for the season. The 8-year media deals that the NFL did with ABC, CBS, FOX, ESPN, and Direct TV in January 1998 are worth $17.6 billion. It has fewer games than any other professional sport, but takes in the most money by far. To ABC, broadcasting Monday Night Football for eight seasons was worth $4.4 billion ($550 million per year). CBS agreed to pay $4 billion ($500 million per season) for exclusive rights to AFC games. FOX also agreed $4.4 billion for the right of NFC games. ESPN agreed to pay $4.8 billion ($600 million per year) for Sunday night
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