The NFL is in itself a business, a very smoothly run business that generates money from every angle possible. Companies pay top dollar to finance multi billion dollar stadiums or just the team in general. Next time a coach is giving a post game interview or press conference look at the wall behind him, it will most likely have a corporations logo adorned on it, such as Wachovia Bank for the Giants. Not only do corporations pay top dollar but broadcasting companies pay even more to show NFL games, especially the Super Bowl, which currently is the most watched sporting event, and don't even get me started on the advertising prices for the Super Bowl.
However, if you step back and look at it, the NFL needs to generate high revenues due to the insane contracts they give players, case in point Jake Long, the top draft pick of this year who got $37.5 million guaranteed! But don't feel bad for the NFL, they'll just charge you more for team gear such as jerseys, hats or jackets. In the end the NFL is run by the team owners who are rich to begin with and just want to get richer, and as long as that is the case they will continue to get money from every angle possible.
1 comment:
It's true. The National Football League is a very lucrative business. And yes, shouldering additional costs has increasing become the plight of the fan. Giants fans in particular are feeling the heat right now because in order to finance the construction of a new stadium, owners have increased the cost of season tickets by thousands upon thousands of dollars.
It would be interesting to learn just how influencial advertising firms in the NFL. Revenue generated from advertisements are a substantial source of income for teams and depending on the location of your team ads become more or less expensive. In New York for example, the number one largest media market in the country(probably the entire world) Advertisers pay a premium for billboards and scoreboards that don the company's logo.
the relationship between advertising and professional sports is mutually advantageous. The advertisers have access to huge markets to sell their products, and in turn the professional sports teams bring in money to improve facilities, and also attract the best coaching staff and players to help them win championships which in turn make the team more valuable commercially.
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