[The NFL alone collects nearly $7.5 billion a year from media companies...]
That number is going to skyrocket to make up for the revenue they are losing from patriots boycotting them!
Actually, the NFL take is going to plummet. The number of viewers drives ad revenue, and TV networks cannot sustain broadcast rights contract fees unless they are supported by ad revenue. So as the number of viewers decreases, the networks have to offer less in the next contract. They may even have to cut more because the current deal runs through 2022 or something like that, and the networks will be bleeding money.
The NFL is the only example of a socialist system that has worked. All of the TV and ticket revenue is shared among the 30 teams. The players collective bargaining agreement is set to a fixed percentage of the TV revenue. Every team has a cap on how much to spend on player salaries. All incoming draftees are slotted to a pegged starting salary based on their draft selection. The TV money/player salaries are fixed so that every season the owner is millions of dollars in the black before he sells one ticket, jersey, or luxury suite.
Oh yeah, don’t forget. Most of the owners don’t have to pay any capital costs as the local governments pay for their stadiums and training facilities. And they have a Federal anti-trust exemption.
So being an NFL owner is like owning your own oil field that will never run dry...as long as people keep watching it on TV.
Wonderful!
I quit watching professional thugball,1,2 & 3 in the mid 80s...