Wednesday, January 19, 2011

The economic side

There is no denying the fact that the sport of football has some serious ties to the state of the economy. Professional sports in general have a lot to contribute to the American Economy. Every year, people shell out up to $200 dollars for a single football game ticket, thousands of dollars for season tickets, Countless dollars in merchandise sales, and even more in concessions. It is safe to say that all one would have to do to stimulate the economy would be to start a football league. In America, football is the most profitable sport with each team in the National Football League having a net worth close to or over one billion dollars. No matter what way you look at it, that’s a lot of money. Rookies coming into the NFL have multi-million dollar contracts. This is juxtaposed quite radically when you consider the starting salary for most surgeons in fewer than six figures. I’m not saying the players don’t deserve the money. After all, we pay to watch the games. Who else would you give the money to? Coaches also make millions of dollars a year. The coaches are paid highest however in the NCAA. This is because the players aren’t making any money. A head coach for a division one football team is likely to make upwards of seven figures, with superb bonuses for teams who win bowl games, especially the National championship game. It really is astounding when you think of the sum of money affiliated with football. Even look at high school teams. A Field, upkeep, new uniforms, helmets, and pads for an entire team add up to one impressive bill for a high school football program, but I’ll avoid speculating about amounts. Now imagine tripling the size of the team, building them a stadium, making the fan base hundreds of times as big, and broadcasting it on TV. Now it might be a little bit easier to understand where all that money goes. So next time you complain about how much professional football players make, remember, you’re the one who watches it.

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