I’m sure most people have heard the saying, ‘It takes money to make money’. With the NFL, that statement couldn’t be closer to the truth. An NFL team can cost upwards of hundreds of millions of dollars, depending on its worth, and it’s not hard to see why.
First of all, there’s the obvious. All NFL teams need players, coaches, and staff, all of which require salaries and benefits. Factor in medical assistance, a training staff, security personnel, and the list goes on, and the costs quickly add up. Then, there’s the cost associated with the game itself. NFL stadiums, fields, and equipment are expensive, and that means the team has to shell out a pretty penny for them.
On top of that, NFL teams have to make sure they’re keeping up with their competition. That means investing in scouting and strength and conditioning teams, so they know what the other teams are doing and can beat them on the field. But that’s not all – NFL teams need to have good relationships with their fans, so they’re constantly investing in marketing campaigns and community outreach programs.
And then there’s the cost associated with competing in the NFL. NFL teams need national and international stadiums and training fields, which can get really pricey. Not to mention, the cost of ferrying the team to these places, with accommodations, travel expenses, and other costs of the road.
As if all of that weren’t enough, there’s also the cost of maintaining the legal infrastructure of the team. NFL teams need lawyers, accountants, business consultants, and more to make sure they stay in good standing with both the league and the public.
All in all, running an NFL team isn’t cheap. It takes an impressive amount of money to make an NFL team run properly, so it’s not surprising that so many teams are willing to shell out millions of dollars to do so.