The National Football League– an economic powerhouse that transcends mere athletic competition. From jaw-dropping sponsorship deals to TV broadcasting rights worth billions, the NFL is an incredibly lucrative business. Because the Green Bay Packers are publicly traded, we can dive into the numbers for some insights and discover why the NFL business is more than touchdowns and trophies!
🏈 The Packers had Operating profits of $68.6 million based on Record revenue of $610.3 million in 2022.
🏈 Incredibly each team’s share of national revenue is $375 million…while the salary cap is $225 million. These revenues consist of broadcast rights, sponsorships, and other partnerships
🏈 This means that before you sell a ticket or local sponsorship as an NFL team, you have $150 million in surplus
🏈 This is offset by salaries (coaching staff, business staff, game day staff…), lease/rent, marketing and other costs.
🏈 Interestingly, NFL teams are not compensated for playing “home games” in the International series – except the Jacksonville Jaguars..
Dan Julien's Musings 