The NFL Is Not a Nonprofit
So why does it get to act like one?
The National Football League generates about
$9.5 billion in revenue each year. It is, by
Forbes’ estimate, the most valuable sports league in the world. Its commissioner, Roger Goodell,
makes $44 million in a year. And yet, the NFL’s head office has long been allowed to operate as a tax-exempt nonprofit—as if its sole purpose for existence wasn’t to extract wads of cash from the wallets of American sports fans.
Jordan Weissmann
Jordan Weissmann is
Slate's senior business and economics correspondent.
This week two Democratic senators have announced bills that would put this obvious farce to an end. In response to the
outrage swirling over the NFL’s apparent tolerance of domestic abuse, New Jersey’s Cory Booker
introduced legislation that would prohibit tax-free status for all major sports leagues. (The National Hockey League and PGA Tour are also nonprofits.) Washington state’s Maria Cantwell, meanwhile, is offering a bill targeted
directly at the NFL’s tax-exempt status, prompted by its refusal to force the Washington, D.C., franchise to change its name from a racial slur against Native Americans.
http://www.slate.com/articles/business/moneybox/2014/09/the_nfl_should_lose_its_tax_exempt_status_the_league_is_not_a_nonprofit.html