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. let’s try to answer the question why the heck the NFL is tax exempt. Business leagues, chambers of commerce, real estate boards, boards of trade professional football leagues; these are the five kinds of organizations that the IRS says can
The NFL has become the most popular sport in the United States. It is watched my millions every weekend. The NFL is only growing in popularity. With new fans joining the fun every day. The NFL has faced its share of problems too. With concussions scaring away many future players, the NFL is hoping to lower the possibility of concussions in the future. Each NFL team plays a total of 16 games over a span of 17 weeks. There are two conferences in the NFL, the AFC and the NFC. There are four divisions in each conference, each with 4 teams. The playoff teams are decided by the division rankings. The winner of each division makes the playoffs, with the two best 2nd place teams making it in as a wild card.
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.
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
When people hear of college athletics, all they think of is a game. Most people do not realize that there is a million dollar industry going on around these athletes. Eric He, a sports fanatic who writes for the Daily Trojan, states, “The NCAA is a nonprofit, tax exempt organization that just happens to be a billion-dollar industry, raking in $740 million per year from March Madness alone” (par. 7). When the NCAA is generating that much money, how can it not go to the players? It is not the
The Packers are unlike any franchise in the league, it is the only non-profit, community-owned professional sports team in the United States. Rather than being the property of an individual, partnership, or corporate entity, the Packers are owned by their beloved fans. The Green Bay Packers are by far the NFL’s smallest market yet, the socialization between fans and team is unlike any other in the league. How this franchise can sustain itself without a wealthy billionaire is impressive to say the least. The Packers’ organization proves that public ownership can be very successful when put into practice. However, it is unlikely that we will ever see the likes of a non-profit organization in the NFL ever again.
The NFL has decided not to directly address the mental health problems of current and former players in fear of negative publicity and financial consequences league wide. Also, they have not compensated players for their injuries or put in enough time or effort to improve the conditions for players. These things are deemed unethical, because in a sense by being injured, these players are being stripped of their freedom to do things the way that they want. Also, the NFL is putting the greed for money over the health and well being of the community.
Imagine a person fresh out of college getting fined thousands of dollars. This happens all of the time in the NFL. The bad thing is they’re not even breaking the law. Players are breaking the rules in the NFL and get fined. The reason behind all of this is to keep a fair game between the franchises. Yet these people make thousands and thousands of dollars anyways. Does fining even make a difference to them anyways? Some say the NFL fining its players is a good thing.
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
The NFL has been getting a bad wrap recently. With all of the controversy surrounding concussions, low ratings and deflate gate it is about time the NFL does something good. The NFL is known for being stingy about the money they give to charity, however the “My cause, my cleats” initiative is different. As I discussed in my previous article, the NFL loves having “feelgood games.” In other NFL initiatives such as salute to service and breast cancer awareness only about 5 percent of profit was donated to the charities.
As of 2014, the NFL operates as a non-profit organization -- the NFL is exempt from paying taxes. However, even though the Carolina Panthers is under the NFL, it is operating as a for-profit business (Patrick Doyle 2014). Therefore, like all for-profit businesses, the Panthers should ideally generate a profitable income to continue operating. As a result, the Panthers’ financial health or future earnings is a quantitative criteria we included in our recommendation.
Five years later, in 1966, Congress passed the Public Law 89-900 which had a major impact on how the NFL would be examined under federal law. The statue contained an antitrust provision that allowed for the merger of the National Football League (NFL) and American Football League (AFL) without the threat of an antitrust challenge under the Clayton Antitrust Act or Federal Trade Commissions Act. The act stated that: “such laws shall not apply to a joint agreement by which the member clubs of two or more professional football leagues, which are exempt from income tax under section 501(c)(6) of the Internal Revenue Code of 1954, combine their operations in expanded single league so exempt from income tax, if such agreement increases rather than decreases the number of professional football clubs so operating, and the provisions of which are directly relevant thereto.” 15 U.S.C. § 1291. The merger between the NFL and AFL represented a unique characteristic of the
Whether it be baseball, football, soccer, or basketball, sports are appreciated not only in America, but all over the world. One of these sports that is particularly popular in America is Football. The immense crowds of people who sit at a stadium or on the couch to watch a game never fail to recognize every single play on the field; however, many fans pay little to no attention to one of the most important components of the game, the player-association relationship. When signing a contract with an NFL team an NFL player is effectively dedicating his life to his new organization. His duty is to play for his team in order to make the organization money, and money they make. In the NFL last year “each team received $226.4 million” (Brady 1).
When bringing up the topic of Football, people think of Muscular men above six foot physically pounding each other. Offensive and defensive players in the pros are averagely 6-foot-5 and around 300 pounds. While skill players such as receivers, running backs, and defensive backs are usually around 6 foot, 200 pounds. Men in pro leagues are very big and described as mean guys ready for war. The more popular Football Leagues are like the National Football League, Canadian Football League, and Arena Football League. The biggest professional football league in America is the National Football League. According to the NFL, 23 of the 25 most-watched programs on television this fall we 're NFL football telecasts. In 2011 the NFL regular
Today, the National Football League (NFL) is the largest professional American football league, consisting of thirty-two teams from major American cities and regions. The league was formed in 1920 as the American Professional Football Association, and adopted the name "National Football League" in 1922. The NFL is one of the major professional sports leagues of North America.