The Economics Of The Nfl

In 2008, a study showed that the percentage of people who watched football in America (30%) was equal to the combined percentages of people who watched the next three top professional sports. (Baseball-15%, NASCAR-10%, Hockey-5%) This shows how drastically football’s audience in the country has increased. It is hard to believe that such a huge organization came from the passion of a few men determined to revolutionize the sports world. An insight to how, when and where it all started might have the biggest baseball fan asking, “Is it Sunday yet?”

Available Competition and Suitable Substitutes The National Football League is the highest level of professional American football in the United States and to most; it is considered the top professional football league in the world. In order to become a monopoly, you have to take control of the market you’re in. The NFL was created in the early 1900’s. In 1920 the APFL was created when representatives from many leagues and teams came together. The APFA originally had 11 teams when they merged with NFL they currently have 32 teams (Tuchner, 2012). The National Football League is now the most attended domestic sports league in the world. Since completion to the NFL is at a minimum some substitutes are two similar monopolies, the NBA and MLB. But the NFL still is the most powerful out of all of them. (The NFL, 2013)

Over the past little while I have researched and learned quite a bit about the NFL and fan to fan, I'd like to share with you my findings. First off, I would like to introduce myself. My name is Robbie Wolanski, proud fan of the Green Bay Packers, and avid football fan. I'm sure that when most of you think about the NFL you think about watching your team on Sunday, big hits, and Tom Brady. Let me give you something else to think about. Is the NFL a perfect corporation? Do they have any issues? Today I will be answering this and going into detail about the NFL.

This article starts out by stating that the sports industry generates roughly $14.3 billion in earnings a year EXCLUDING the huge amount of indirect earning accumulated on Super Bowl Sunday which has the second most amount of food consumed in one day (behind Thanksgiving) and provides 456,000 jobs with the average salary being $39,000. Next, it is examined how the sports industry has so much power in the United State 's economy today. Fifteen industries with at least 10,000 jobs were analyzed since there is not a designated sports sector, and six main sports jobs (only spectator sports not hunting, fishing etc.). A table is then presented showing how many people are employed in each of the 15 industries, the percent of occupation in each job group, and the percentage of total jobs in each. Effect on earnings is then briefly discussed and shown on a pie chart showing that initial, or the sports workers ' salaries accounts for $10.3 billion, direct which is the purchase of supplies needed such as uniforms and shoes and accounts for $2.6 billion, then indirect which supplies the direct supply chain which accounts for $1.4 billion. Last, occupation growth and Industry patters are talked about using nearly nothing but different graphs and charts. It is also stated that

Research Paper: Market Structure Professional Sports ABSTRACT Economic theory introduces us to four different types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. Professional sports teams operate in an environment that is different than the typical business structure. The goal of this paper is to look at this industry, in particular the NFL, in an economics context and gain an understanding of the market structure of this unique industry. To do this I will discuss a brief history of the National Football League in the U.S. and how this organization is structured. I will also discuss typical market structures and type of

Even though football players are aware of the dangers the game can bring upon them, they take part despite it. The passion, the joy it creates; for professionals it’s also the devoted fans and compensation they receive is what keeps the players motivated. Today players are much bigger, faster, smarter,

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 Compared To Teachers. Fran Tarkenton paints a clear picture of what the NFL would be like, if it were run the same way as the Public education system. As he describes how in the NFL, each player is payed more according to their performance, and how if such incentives were gone, they would lose the drive to stand out. You can see very clearly, and understand what he means.

Can We Tackle the Concussion Battle? Can We Tackle the Concussion Battle Within Football? Introduction The National Football League (NFL) or as some people may say, “Not for long” is responsible for some of the greatest athletes. Excellence appears to be their one goal, which is to win Super Bowl championships. Some players perform at a high level for a while, whereas others don’t have a chance at experiencing actual playing time on the field at all. NFL players are less and less likely to have a definitive long-term career in the NFL. On average their career may span for about 3 ½ years (Stradley, 2011). (Workman Pub Co, 2002) The NFL has added several new teams, provided innovative equipment, additional rules, distinctive

Mike Mitchell of the Pittsburgh Steelers recently made comments about how the defenders do not even know how or when to tackle players anymore. Mike said that the fines and suspensions are very inconsistent, and that he has seen suspensions and fines handed out to players who do things

It's football season, grab your shirt and support your team. Another blind strategy by the NFL to undefined the cost of football. In an interview between Steve Almond “The Church Of The Gridiron: Steve Almond On How He Lost His Faith In Football,” by David Cook. Almond was born in

Business matters will never be an easy process to keep things functioning in a positive direction. Whether risk taking approaches spark trickle down effects or upward gains, he who steers the wheel should always know that nobody is bigger than the organization itself. Of course, pinching pennies will always save you a buck or two, but when it comes down to paying top employees, the “Benjamin Franklin’s” will always be up the ladder. In the NFL, one of the key aspects for an organization is to shape up their salary cap for the betterment of sharing the wealth through their roster and to ease things up to make long term investments on franchise talents.

Problem To play in the NFL takes a extremely extraordinary endowment, one mixed with speed, strength, flexibility, and aptitude. There are less than 1% of all players playing football in college that goes to the NFL. The fraternity of the NFL is a very small group of individuals. Also what plague the NFL are players getting into trouble with the law for a host of reasons. Happenstances with the law can range from domestic violence to simply failure to appear in court. With the NFL earning over 7 billion dollars last year this is an concern that must be addressed. The NFL has millions of loyal fans that attend, watch, or live stream their games every Sunday during the football season. This year the super bowl viewers were well over 100 million. With the average 30 second commercial going for 5 million a spot the franchise has a lot to lose if it’s image is not portrayed responsibly. The objective of this paper is to develop an IMC plan for the NFL.

The NFL has formed a dystopic community. What do you already know about the topic? What is your level of expertise? Spend a moment here jotting down what

Revolution In the NFL and other American sports there is a growing problem. Many players are kneeling during the playing of our National Anthem. These players actions has caused players in others sports like Baseball and Hockey to protest. These events has caused many people to express their opinions on the subject whether agreeing or criticizing.