8 hours ago
(Yesterday, 08:24 PM)TheLeonardLeap Wrote: The first NFL broadcast deal that created the revenue sharing was for $4.65m/yr (total, not per team). The reason why the money-into-escrow rule was ever made? The PLAYERS demanded it to make sure the owners could fulfill the monetary demands of the contracts they offered because the NFL was not making money hand-over-fist like it does now. Not to mention that in the 90s the Brown family only owned 20% of the Bengals, up from the 10% they owned in the 60s.
All their money for the first 50 years was put towards buying the rest of the team which they finished in 2011.
So they've only been making money "hand-over-fist" for about 13 years. I put it in quotations because Forbes also projected the Bengals operating income (which is BEFORE taxes) for 2024 at $76m (and in 2011 NFL revenue was less than 1/2 of 2024). I don't know how much they pay in taxes, but I do know the government loves to get their cut.
Don't get me wrong the Browns/Blackburns are still probably making a couple ten million per year now and do need to spend more and hire a freaking non-embarassing professional scouting department, but this idea that the NFL has always been just printing hundreds of millions/billions of dollars and they have been Scrooge McDucking it all since the 1960s is silly.
Honestly they probably just need to sell the team to someone who can put up the liquid cash needed to run an NFL team these days, but I can't see them ever doing that.
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And now my day has been ruined because I had to defend the Browns/Blackburns. Thanks. Lol
Well, i didn't twist your arm there.
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I'm not saying they've made similar money throught the years. They definitely have made money, comparable to income, over the years because they've always been seen as a cheap franchise. Even when they were always making a small amount, that amount addds up over the years and there's no indication that they've used that on expensive personal toys. Hell, they didn't even use it for new, big towels, jock straps, food, personal player services or even gatorade.
I did get a chuckle out of "only" when you said the last 13 years. If i had been as fortunate as the Browns to have the ability to save like them for only the last 13 years, i'd be comfortably retired right now. I'm talking about the percentage of money coming in vs going out.
I posted the amount of guarantees for each team in the upcoming year. If an NFL owner can't escrow between 100 and 200M dollars, they shouldn't be in the NFL business.
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"The measure of a man's intelligence can be seen in the length of his argument."