The NFL as we all know is the biggest sports league in the United States, bar none. They sell it we buy it, they shovel it we eat it. They give it to us 24/7, even in the absolute dead time (now) we can get our fix even though all the players and coaches are on vacation.
How much is too much? How long will it continue to expand? a couple of months ago I read a quote from Judge Doty. For those that do not know his influence on the NFL, it is the wide spread product that we now see on the field. He ruled on what we now know as free agency giving the Reggie White case the green light. He also ruled on Star Caps and withheld the TV revenue from the owners during the lockout.
This is what he had to say “I never quite understood why anybody would want to pay $45 or $100 to watch a football game in bad weather, when you can’t see it, you can’t hear it, instead of sitting at home in a nice comfortable chair, smoking a cigar with a nice glass of scotch. To me it’s perverse as hell,” he told a room full of sports lawyers, team executives and agents.
“I’m wondering if at some point the bubble theory will overtake sports. I thought it would happen long before, but this bubble seems to get bigger. I’m wondering if something is going to happen that will burst the bubble of sports and huge salaries and huge stadiums that are subsidized by taxpayers.”
Short, Simple and to the point.
To me the main stream media doesn’t want to spin it…it doesn’t sell.
A few things to chew on. Minnesota tax payers are on a 498 million dollar hook while Seattle tax payers are still paying for the King Dome they imploded years ago. Tax payers paying 6.4 million for a new Redskins training facility…All the while this goes on in our back yard…
In Louisiana, the House of Representatives has approved a ten-year, $36 million tax subsidy to keep the state’s NBA team, the Hornets, in New Orleans until 2024. Some are asking if the state can really afford it given a $211 million budget gap. Representative Sam Jones noted that while the state has cut health and education spending, it still found a way to come up with millions of dollars to help out the ”wealthiest man in the state.” That would beTom Benson, owner of not only the Hornets but the legendary New Orleans Saints football team, whose net worth is $1.1 billion
Furthermore we are told of the economic impact of the NFL and big sporting events, they just like to hang that golden egg over our heads don’t they? BUTT let’s look at this a little closer….And the beat goes on…..
Let’s take a look at what is really going on and how the NFL spins it …
First, the studies often ignore the substitution effect. To the extent that attendees at a sporting event spend their money on that event instead of on other activities in the local economy, the sporting event simply results in reallocation of expenditures in the economy, rather than in real net increases in economic activity. Next, the studies usually ignore the crowd out effect. Many large sporting events are staged in communities that are already popular destinations for tourists. If hotels and restaurants in a host city normally tend to be at or near capacity during the period in which a competition takes place, that contest may simply supplant, not supplement, the regular tourist economy. Third, the studies may fail to address whether money spent at a sporting event stays within the local economy. Much of the money spent by out-of-town visitors pays for hotel rooms, rental cars, and restaurants. To the extent that hotels, car rental agencies, and restaurants are national chains, their profits associated with a sporting event do not advance the welfare of the local citizens, but rather accrue to stockholders around the country. Similarly, revenue from ticket sales is often paid to a league or to a sport’s ruling body instead of local organizers. Fourth, sporting events’ non-economic costs—traffic congestion, vandalism, environmental degradation, disruption of residents’ lifestyle, and so on—are rarely reported (Lee, 2001). Finally, since economic impact studies are often used by sports boosters to justify public expenditures on sports infrastructure, the ultimate question for anyone reading such studies is whether analysis conducted by agents with a vested interest in the research outcome can ever be considered an objective examination of events’ true economic impacts.
While they are pulling the carpet from under the unsuspecting patrons of their empire, they throw us a bone. Free Wi Fi in every stadium..check. Free red zone access in every stadium..check. Heck they are even toying with the idea that you can access live conversations from the players and coaches, all this while making the game a sell out at 85% for the poor boobs in Jacksonville and Tampa Bay so they can watch a game at home.
The NFL can and WILL keep shoveling BUTT i will use Tabasco to help with the taste.
Burping right at ya, Da egg.