The NFL's Most Valuable Teams
The article from forbes.com does not really have anything to do with the things we have talked about in class so far, but I chose it because it was about football. The article includes a list of all the 32 NFL teams in order from most valuable to least valuable, and it also talks about how the NFL has the highest average team value among all other sports.
I find it incredible how much NFL teams are worth. The most valuable team is the Dallas Cowboys at $3.2 billion and the average NFL team is worth $1.43 billion. That is crazy! The even crazier thing is that average value keeps rising. At $1.43 billion, it is the highest it has been since Forbes started tracking professional football team finances, and it is also 23% more than a year ago. I believe the NFL keeps getting more and more popular each year, and that is why the value of teams keeps increasing.
While this increase in value is tremendous for the owners of NFL teams, I'm not sure if it is good for our overall economy. Personally I think it is ridiculous how much professional athletes get paid. Maybe if professional athletes were paid less, our economy would be a lot better and we could fix some other problems. We could put more money towards public education or anything that needs some help.
With all of the new news in the NFL with Ray Rice and Adrian Peterson, I wonder if that will cause the NFL to lose some fans and cause the value of teams to go down. A lot of fans really dislike Roger Goodell and wish he would be fired. If Roger Goodell does not handle the Ray Rice and Adrian Peterson incidents well, that could cause many fans to get angry and maybe even cause them to stop watching football. If that's the case, maybe the average NFL team value will decrease when next year's results come out, which would be something out of the ordinary. I guess we'll have to see how things turn out in the near future and then check the average NFL team value next year.
If the Dallas Cowboys keep on being average, their $3.2 billion value will eventually decrease, and every other franchise COULD also be less valuable with the reveal of how bad the NFL's domestic violence policy is. No potential owner (or fan) would want to own a organization where many of the employees commit federal crimes and does not get punished enough.
ReplyDeleteYou made a great point in saying that if professional athletes were paid less the economy would be better. One of the reasons why our economy is struggling is because the poor distribution of wealth. In my opinion the people who suffer the most from the pro athletes huge pay checks are the middle class.
ReplyDeleteIt is crazy how much they get paid to just play football. But you have to think they put a lot of hard work into even playing there so they earn the money they make. But the middle class does get screwed here because all the money is going to them.
ReplyDeleteI don't think that Pro athletes deserve all the money that they are paid, and it really hurts the middle class because so much money is being unevenly distributed. I think there should be a lower salary cap for pro athletes.
ReplyDeleteThe amount of money that can be made out pro athletes is crazy. They are the best of the best though. They are good at what they do .
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