The Nfl Is Exempt From Paying Taxes

The athlete can be trusted – We have numerous examples of athletes that have embarrassed the companies that they endorse. The largest and most recent is Tiger, but even mom-and-pop stores need to do their due diligence before they sign an endorser. Nike could sit back and weather the storm, but smaller companies might not be able to. (Miller)

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

NFL players get paid $420,000 a week. They get paid about 135 million dollars in 5 years. You buy your tickets and are looking for the place you get to see. The crowd is roaring inside the big stadium. The smoke is rising as your favorite football team walks out onto the field. Football is a fun sport to watch, but the football players are getting paid too much.

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 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

In pro sports most NFL teams are worth close to 2.5 billion dollars, per team. According to Forbes 2017, the team worth the least amount are the Buffalo Bills worth 1.6 billion dollars. Ohio state football program is worth 1.5 billion dollars almost as much as a pro NFL team. Due to the rules the NCAA has in place, the students on the Ohio State football team sees zero amount of the profit money. Even though they are the reason the football program is worth so much

Bennett, Dashiell. “Only 22 Of 120 Division I Athletic Programs Made Money Last Year.” Business Insider. Business Insider, Inc., 15 Jun. 2011. Web. 28 Oct 2014.This supports Frank Crumley’s claim that most athletic programs “work in the red.” The author also shows how football is the big money maker. Not all departments can pay their players. Therefore, it would be unfair for departments that can pay their players to do so. The figures come from the NCAA annual report of revenue and expenses for Division I sports. This is one of my main arguments against paying football players.

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

Domestic violence is one of the most common crime among male athletes. The statistics are staggering. Ray Rice, Greg Hardy, Ray McDonald – three standout NFL players who have been in the headlines for all the wrong reasons over the last 12 months. The acts of the men, particularly Rice, who was caught on camera punching his then fiancée and now wife, Janay in the elevator of an Atlantic City casino, brought domestic violence and sexual assault into sharp focus, in particular how the NFL handles players who commit such dreadful acts (and yes, we can all agree that the justice systems responsible for these cases failed terribly).

“The NFL must open its eyes to the consequences of its actions. The NFL has the power not only to give former players the care they deserve, but also to ensure that future generations of football players do not suffer the way that many in my generation have.” (“Mega-Lawsuit”).

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.

The article continues with pointing out the fact that the NFL cannot altogether end the problem of domestic violence in the world today, but it can use the recent media attention to bring awareness to the problem. Although the ways in which the NFL handled these cases previously are questionable at best, there is potential to recover from previous mistakes by continuing to hold their athletes accountable and providing awareness on the subject.

The NFL has never really cared about domestic violence, and has never taken real action on any case. “Actually, no NFL Commissioner disciplined a convicted domestic abuser prior to 1997, even though fifty-six players were reported to the police for domestic violence between 1989 and 1994” (Brown). The list of cases of domestic violence in the NFL could go on for a while, and almost all of them got away with just a slap on the wrist. The problem isn’t just the amount of cases, but how little the NFL cares about the problem. “Professional sports need to do a

The Carolina Panthers are an NFL expansion team, owned and founded by Jerry Richardson. In 1987 Jerry Richardson brought up the idea to bring a team to the Carolina. Then in 1988 Jerry completed a financing plan for four possible stadium sites, two in North Carolina and two in South Carolina. Finally in, 1992, at an NFL owners meeting, they

If you add the 8 home games that will be played at Azteca Stadium you will get an annual income from the team’s ticket pricing of $69,600,000 USD of revenue in just ticket sales alone. Besides ticket revenue, and merchandising, about half of the average team’s revenue comes from broadcasting revenue, which includes revenue from TV, radio and video games. In 2017, the NFL split a record $7.8 Billion of national TV revenue amongst all 32 teams. That means each team received a whopping $244 million. Another huge income for NFL teams is gameday revenue such as food and drink. Beer concession prices range from $5-10 USD and hot dog prices range from $3-6 USD. Although these prices may seem low, if each fan out of 87 000 purchases 10 dollars worth of food and drink, that would be about 870 thousand dollars in stadium income in one game. According to Statista, the Jacksonville Jaguars total 2016 team revenue was $377 million. The team revenue has been slowly increasing since 2001, which proves the rising popularity of the NFL, but Jacksonville’s team revenue is still relatively low compared to other NFL teams. The team’s salary for the 2017 season is currently $162,068,653. With a better revenue, it’s possible the team would be able to raise their salary and potentially sign better players. One thing that has to be checked on for the NFL salary cap is the conversion rate between the US