NFL Salaries
In today's market based society, strong economic decisions are a crucial element to running a profitable NFL franchise. NFL owners are responsible for most major team decisions. Whether or not to sign, trade, or cut players are examples of what economic decisions NFL owners are faced with every day. Sports Illustrated's Don Banks recently wrote an article that describes how NFL athletes are no longer running the show. With teams forced into tough financial choices by the salary cap, teams around the league seem to be a lot more harsh towards their players, even towards their so called franchise players. According to this article, NFL football today is intertwined with economics like two strands of ivy. The game is different than in the past. The league is more of a business money maker than in the past. Every time you look, a team is moving, a player is moving, the rules are changing. At the bottom of it all is the essential building block of economics: money. Recently the Philadelphia Eagles released Jeremiah Trotter, their defensive franchise player to cut back salary cap expenses. This did not go well with fans because he was great talent and strong defensive presence. This was a decision the team
The NFL has a tough salary cap but still has loopholes from signing bonuses and incentives. Player contracts are not guaranteed in the NFL, and by releasing a player the team has basically gotten rid of that players salary burden. Teams sign players to long term contracts with the intention to cut them or renegotiate before the final year the contract is up. Players sign to the long term deals only if there is a large signing bonus because they know they will never see the length of the contract. This helps the team stay below the salary cap by spreading out the deal over multiple years. The salary cap is determined by giving players a percentage of the leagues defined gross revenues which last year was 63.5% per team. Overall I agree with what this articles view on high paid players. I think that if a franchise is capable of being successful without high paid franchise players, than obviously profit will be maximized by letting them go. Teams earn their money on revenue from many areas such as ticket sales, souvenirs, concessions, and even parking. As long as an NFL team is winning football games then fans will learn to love whatever players are on the field. This keeps fan revenues flowing and maximizes the teams profit. However if a team is not winning football games then t
Some common words found in the essay are:
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Approximate Word count = 875
Approximate Pages = 4 (250 words per page double spaced)
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