00:00 (upbeat music)
00:02 Explain how large the margin is
00:07 in terms of the numbers
00:08 between the National Football League
00:10 and even the other competitive major sports leagues.
00:13 - Well, the margin, the difference is roughly
00:16 18 to $20 billion total
00:20 when you add the local revenues on top of it.
00:22 And then you realize that the NBA is maybe 12,
00:27 baseball 14.
00:28 I'm highlighting and estimating hockey will aspire to 10.
00:33 Roger Goodell a couple of years ago said,
00:35 "Look, for you staff to earn your promotions,"
00:38 even though quote unquote, "I'm making 44 million a year,
00:41 "we gotta get up to $25 billion annually."
00:44 Preposterous?
00:45 No.
00:46 Dan Snyder bought the franchise at 800 million
00:49 and sold at 6.5 billion.
00:51 And every other owner in the NFL, I guarantee,
00:54 went back to their accountants and said,
00:55 "Look at our tax consequences.
00:57 "Look at our sale opportunities.
00:58 "Let's see what we can do to get limited partners."
01:01 But the start is 6.05 billion for everybody
01:05 and then going forward.
01:06 So the point is the NFL salary structure
01:09 where you basically take that national revenue
01:12 and then you take two thirds of it, give it to the players,
01:15 then the margin is everything above that.
01:17 Then you have the local revenue.
01:18 Then you have the stadium revenue.
01:20 You have a lot of their collateral brand value.
01:23 It's a lot of money.
01:24 (upbeat music)
01:27 (bells chiming)
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