Why is the Los Angeles market still without a franchise?
Simple, it’s used as leverage for team owners to threaten a move or get the free stadium they want. Think about it, a free $700 million stadium is worth more than 1/32 of the franchise fee for a new team.
Perfect analysis, except the required stadium tab is now about a $ billion based on the new Minnesota facility.
The Indy deal at $700 mil was opened 6 yrs ago.
It's not just the stadium, it's all the loot that goes with it. It's a license to guzzle at the government money trough.
Keep in mind, the NFL salary cap is tied to each team's cut of the television contracts. The salary cap is always less than the TV cut. From the standpoint of "personnel costs," every NFL owner is well in the black just from TV revenue before they sell one ticket or licensed jersey. And that doesn't even count their cut from concessions, parking, and other goodies, like tax breaks. Sure, the teams have other expenses, but they aren't back breakers. You cannot lose money as an NFL owner. It's like owning an oil well that that never runs dry.
Why do you think that the average NFL team is worth $1.17 Billion?