The Pros And Cons Of The NFL As A Monopoly

The core purpose of the NFL Draft is to hold a business meeting between the partners, which are the league owners. The NFL draft has

Economic theory introduces us to four different types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. Professional sports teams operate in an environment that is different than the typical business structure. The goal of this paper is to look at this industry, in particular the NFL, in an economics context and gain an understanding of the market structure of this unique industry. To do this I will discuss a brief history of the National Football League in the U.S. and how this organization is structured. I will also discuss typical market structures and type of

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

The NFL was founded on September 17, 1920 and was known as the American Professional Football Association (APFA). It was renamed in 1922 as the National Football League or NFL. In 1920 there were eleven football franchises to form the first professional football league compared to the 32 teams that form the league now. The original teams are: Canton Bulldogs, Cleveland Tigers, Dayton Triangles, Akron Professionals, Rochester (N.Y.) Jeffersons, Rock Island Independents, Muncie Flyers, Decatur Staleys, Chicago Cardinals, and Hammond Pros. Jim Thorpe was elected as the league's first president. In 1970 NFL's rival league AFL merged their schedules and formed two conferences in which the AFL became AFC and NFL became NFC.

Fran Tarkenton paints a clear picture of what the NFL would be like, if it were run the same way as the Public education system. As he describes how in the NFL, each player is payed more according to their performance, and how if such incentives were gone, they would lose the drive to stand out. You can see very clearly, and understand what he means.

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

sport as a result invest must more interest into it. The NFL is able to leverage the fact that

Now if there really was a backdoor deal between the NFL and drug companies it would certainly help to explain the NFL's staunch anti-medical marijuana stance. It would really be no different than the "deal" the drug companies make with politicians. They donate tons of money, they buy influence all across politics and media, and they do absolutely everything in their power to stop natural

The NFL has decided not to directly address the mental health problems of current and former players in fear of negative publicity and financial consequences league wide. Also, they have not compensated players for their injuries or put in enough time or effort to improve the conditions for players. These things are deemed unethical, because in a sense by being injured, these players are being stripped of their freedom to do things the way that they want. Also, the NFL is putting the greed for money over the health and well being of the community.

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

Over the past little while I have researched and learned quite a bit about the NFL and fan to fan, I'd like to share with you my findings. First off, I would like to introduce myself. My name is Robbie Wolanski, proud fan of the Green Bay Packers, and avid football fan. I'm sure that when most of you think about the NFL you think about watching your team on Sunday, big hits, and Tom Brady. Let me give you something else to think about. Is the NFL a perfect corporation? Do they have any issues? Today I will be answering this and going into detail about the NFL.

In 2008, a study showed that the percentage of people who watched football in America (30%) was equal to the combined percentages of people who watched the next three top professional sports. (Baseball-15%, NASCAR-10%, Hockey-5%) This shows how drastically football’s audience in the country has increased. It is hard to believe that such a huge organization came from the passion of a few men determined to revolutionize the sports world. An insight to how, when and where it all started might have the biggest baseball fan asking, “Is it Sunday yet?”

In 1961, Congress passed the Sports Broadcasting Act which allowed major professional sports to pool the broadcast rights of its member clubs to negotiate television broadcast agreements that normally would have violated federal antitrust laws. (21 Jeffery S. Moorad Sports Law Journal 577) This antitrust exemption enabled the NFL to protect its primary revenue source of live attendance by negotiating with the networks as to when and where games would be televised.

Among the terms of the agreement is that the settlement is not to be regarded as an admission of guilt by the league." The NFL knows of the dangers the players are in. The rules change but the equipment increased. Without more or better equipment the players are still in danger. In a PBS Frontline documentary about injuries in football Dr. Robert Stern said," In football, one has to expect that, almost every play of every game and every practice, they're going to be hitting their heads against each other. That's the nature of the game. Those things seem to happen around 1,000 to 1,500 times a year. Each time that happens, it's around 20 g or more. That's the equivalent of driving a car at 35 miles per hour into a brick wall." The players in the NFL know the risk of playing but it is up to the NFL to make the sport safe for the players. Many people may argue that since the players know the risk and they are paid for their athletic performance is ok. However you cannot put a price on a person health. There is no way of rationalizing the behavior of the NFL. Yes, the athletes are paid to perform, but it is up to the NFL to make the sport safer. The NBA has increase rules and is aggressively making the sport less physical. In a Radio interview with XTRA 910 a Phoenix, AZ, Former NBA player, Robert Horry said, "… If you

The NFL is an American football league that is known to be male dominated. The league is known to disrespect females, because they hired a females, based on their looks and not their knowledge of football. Another way the NFL disrespect females is when the players abuse their spouse off the field, and the league does nothing to help the girlfriends or wives of the players. In addition, the players are not disciplined for their actions. The NFL should have a stricter policy for players who physically abuse their partners because their current policy shows that the NFL does not support the wellbeing of women.