Skip to comments.NFL Commish Makes $29.5 Mil a Year 15 Times ...
Posted on 01/22/2014 2:30:08 PM PST by FreeAtlanta
As the Super Bowl approaches New York much like a blizzard, here are some things to think about: in 2012, NFL commissioner Roger Goodell was paid $29.5 million to run the organization. And that's n...
Article Link: NFL Commish Makes $29.5 Mil a Yearâ 15 Times More Than Tax Free Org Gives to Charity, More than CEOs of Ford, Heinz, FedEx | Showbiz411 (http://www.showbiz411.com/2014/01/21/nfl-commish-makes-29-5-mil-a-year-15-times-more-than-tax-free-org-gives-to-charity-more-than-ceos-of-ford-heinz-fedex)
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The NFL is tax-free because it is a trade association formed by the teams. The teams give the league office (or the league office takes from the top of broadcast contracts and merchandising before distribution to the teams) only enough to run the office. It is an expense for the teams rather than a profit making organization on its own. This is unlike most other franchised companies where both the parent company and the franchises make money. The teams (with the possible exception of the Packers and their odd public stock ownership) are profit making companies subject to taxes.
“Nice tax-exempt status you’ve got there, hate to see anything happen to it.”
Explains a lot of the reason the NFL has gone so PC.
Jane Skinners husband!
No, it’s because most corporations and wealthy people went left.
It is also a state enforce monopoly...
It's a game and it's a game I don't even follow or care anything about.
The last football game I saw was in 1969 in High School.
That is a lot of money.
He steers the league, the over arching direction decider behind a machine that makes 11 billion dollars a years. Pretty cheap really.
The NFL is the circuses part of the Bread and Circuses policy that FedGov started 4 years ago. Of course they get a tax break.
Nice money for supervising grown men playing a boys game.
So, it's the entertainment business.
I still don't get it and have never seen a game.
Well, maybe the league office really did make a profit of $14.75 million, and the true value of Goodell’s labor is only $14.75 million, and the commissioner simply took the profits.
makes 11 billion dollars a years.
I want them to pay for their own stadiums using their money instead of us all the time with “temporary” tax increases that are never temporary and higher and higher ticket prices and cable bills to watch way overpaid guys play football/baseball/basketball.
No wonder Condi Rice wanted the job.
And every 20 years they demand a new one.
But look at all that development that came with the Metrodome...lol
Ziggyworld won’t make $ after the whole concussion lawsuits and rules changes play out-but at least taxpayers will get to pay off the bonding for newest monster truck venue.
I know. They used the same arguments they used with the metrodome. The Metrodome will lead to a renaissance in the neighborhood. Now we find out that in order to get this renaissance we need to tear down the Metrodome and build something 10X as fancy.
“It’ for the (adult) children.”
It’s a PROFITABLE business (the league regularly makes more money than the domestic box office of the ENTIRE movie industry), and in the end that is what they pay CEOs for.
The league office isn’t supposed to make money, the TEAMS make the money, the league office gets money from them for league activity but it’s supposed to come pretty close to breaking even. Even money the league brings in fairly directly (like the TV contracts) gets divied among the teams and technically they pay some back to the league to fund its operations.
The league is a nonprofit, the teams (where the revenue actually happens) are not.
Bread and circuses. Just like in the old Roman Empire.
Everybody’s got an entertainment industry, even dirt poor countries. Which means every place and every time is is “just like the Roman Empire” which shows exactly how useful and interesting the “bread and circuses” declaration is.