***Official Bengals Free Agency Thread***

[jj22]

(03-16-2021, 10:38 AM)Au165 Wrote: I am not mistaken at all, I follow the finances of the NFL very closely. There is a misconception that all NFL teams are "rich" and that isn't true. While they are highly valued the actual liquidity of each team is vastly different. I am not sure you actually understand how the finances work here as you keep describing "cap hit" as if it is related to cash but it isn't, it is actually more of an accounting term that isn't really tied to actual cash paid in any given year. 

The key is NFL Owners are rich with big businesses and billions from their primary companies and their nfl team is their playground (tax writeoff). 

Where as here in Cinci, the team is the family business. Responsible for generations of Browns family inheritance. They must stretch inheritance from Paul Brown out for generations. There is no outside source of income for the family (or any of the family members). They don't have a big business they run primarily. Not only are they cash broke in terms of NFL teams cash on hand, they are broke broke thanks to covid, with no where else to pull cash from.

They really shouldn't be allowed to own a team. NFL teams weren't meant to be the family business. If it wasn't for the league financial assistance from shared revenue, they'd really be in trouble.

If they would have tried to buy the Bengals under these circumstances today, Owners would likely not approve of the purchase, but the family is grandfathered in and allowed to be the only mom and pop shop in the league.