NFL Salaries
In today's market based society, strong economic decisions are a crucial element to running a profitable NFL franchise. NFL owners are responsible for most major team decisions. Whether or not to sign, trade, or cut players are examples of what economic decisions NFL owners are faced with every day. Sports Illustrated's Don Banks recently wrote an article that describes how NFL athletes are no longer running the show. With teams forced into tough financial choices by the salary cap, teams around the league seem to be a lot more harsh towards their players, even towards their so called franchise players. According to this article, NFL football today is intertwined with economics like two strands of ivy. The game is different than in the past. The league is more of a business money maker than in the past. Every time you look, a team is moving, a player is moving, the rules are changing. At the bottom of it all is the essential building block of economics: money. Recently the Philadelphia Eagles released Jeremiah Trotter, their defensive franchise player to cut back salary cap expenses. This did not go well with fans because he was great talent and strong defensive presence. This was a decision the team
By getting rid of high paid players they are able to fill the role with younger talent and pay a lower salary. Today's owners will not hesitate to wheel and deal their franchise players to make there franchise more profitable. Teams are basically trimming costs to maximize profit. If they are continually disappointed by the teams owner or player personnel letting go of all their favorite higher paid, more talented franchise players, fans may lose interest in the team. Player contracts are not guaranteed in the NFL, and by releasing a player the team has basically gotten rid of that players salary burden. However if a team is not winning football games then their would be an opportunity cost of signing that high paid talented athlete to help increase the revenue being brought in and maximize team profit. According to the Author of this article, many teams may shop more thriftily for low budget players that are on the verge of breaking out in their careers. The new trend in the NFL is a lean and cheap team with low paid veterans and talented young players. To an extent I agree with what the owners are doing because they have to keep their teams profitable. Some players simply demand way to high of a salary and can be replaced by a lower paid player that may be just a little below the skill level of the franchise player. If they do, demand will more than likely plummet, and so will the teams revenue. The salary cap is determined by giving players a percentage of the leagues defined gross revenues which last year was 63. The danger in the formula lies in their discontent.
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