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NFL Commissioner Roger Goodell earned $34.1 million in 2014, and he was worth every single penny. Thanks to Goodell's masterful negotiation of lucrative television rights deals as well as the enhancement of several new league income streams, the NFL's total revenues are projected to surpass $13.3 billion this year, up more than 50% from 2010.
The projections are extrapolated from the newly revealed player revenue share numbers, which are estimated at around $200 million in total benefits for the 2016-17 season, of which $155 million will be directly allocated under the salary cap These numbers, revealed by NFLPA executive director DeMaurice Smith, mean that the approximately 1800 players in the league will share some $6.4 billion this upcoming season, which based on the collective bargaining agreement is a 47-48% share of total league revenues.
The $13+ billion revenue figure is even more notable because it is halfway towards Goodell's stated goal of $25 billion, which he claims the league will reach by 2027. When Goodell made that announcement in 2010, revenues were only $8.5 billion, meaning the league has brought in an estimated $750 million annually over the last six years... keeping them right on track for the $25 billion mark.
Where is all the new revenue coming from? The largest portion is the escalation in television rights fees from the leagues broadcast partners, including ESPN , NBC, Fox and CBS CBS -1.09%. Indeed the projections do not include the new revenues the league will receive for the sale of its Thursday Night Football television package to CBS and NBC, as well as the digital rights to the games which have yet to be sold. The NFL's primary television rights packages expire in the early 2020's, positioning the league to cash in yet again just in time to reach their lofty revenue goals.
Local revenues (e.g. tickets, concessions, etc.) are not considered to be a major contributor to the leagues continued influx of new money. That being said, it's worth noting that with the Rams move to Los Angeles, as well as the construction of a new stadiums for the Atlanta Falcons and Minnesota Vikings, there should in theory be a substantially higher contribution of ticket, suite and other revenues entering the league pool over the next several years.
The projections are extrapolated from the newly revealed player revenue share numbers, which are estimated at around $200 million in total benefits for the 2016-17 season, of which $155 million will be directly allocated under the salary cap These numbers, revealed by NFLPA executive director DeMaurice Smith, mean that the approximately 1800 players in the league will share some $6.4 billion this upcoming season, which based on the collective bargaining agreement is a 47-48% share of total league revenues.
The $13+ billion revenue figure is even more notable because it is halfway towards Goodell's stated goal of $25 billion, which he claims the league will reach by 2027. When Goodell made that announcement in 2010, revenues were only $8.5 billion, meaning the league has brought in an estimated $750 million annually over the last six years... keeping them right on track for the $25 billion mark.
Where is all the new revenue coming from? The largest portion is the escalation in television rights fees from the leagues broadcast partners, including ESPN , NBC, Fox and CBS CBS -1.09%. Indeed the projections do not include the new revenues the league will receive for the sale of its Thursday Night Football television package to CBS and NBC, as well as the digital rights to the games which have yet to be sold. The NFL's primary television rights packages expire in the early 2020's, positioning the league to cash in yet again just in time to reach their lofty revenue goals.
Local revenues (e.g. tickets, concessions, etc.) are not considered to be a major contributor to the leagues continued influx of new money. That being said, it's worth noting that with the Rams move to Los Angeles, as well as the construction of a new stadiums for the Atlanta Falcons and Minnesota Vikings, there should in theory be a substantially higher contribution of ticket, suite and other revenues entering the league pool over the next several years.
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