Favorite Food Essay Nfl
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The basis of this research essay will focus on how finances function in the National Football League. In doing this I will pull examples from the Cleveland Browns, and other organizations. In 2020 alone the NFL made around $12.2 billion, which NFL Commissioner Roger Goodell expects to increase to be upward of $27 billion by the 2027 season (Eckstein). This essay will break down the way in which this money is used in the NFL, as well as how it is distributed amongst the league.
Fans are able to watch their favorite team compete through Television deals, different streaming apps, and local networks. The NFL has secured contracts with ESPN, Amazon , CBS and more. An example of how media deals are structured are with negotiation between the NFL and media coverage is with CBS.
Big parts of stadium operations include concessions, security, landscaping, cleaning and maintenance, security, the type of stadium itself, and so much more. The operations may be different based on the type of stadium you play at and rather its grass or artificial turf. A dome stadium is favorable to some as it is an indoor facility, so the weather will not always be a factor in games. Oftentimes teams that play in stadiums are more successful than teams without one because of the weather, as they have more fan support which also leads to an increase of a lot more money made (Rodney J. Paul et al. p.5). My personal favorite stadium is the traditional outdoor stadium that most teams play. These stadiums are open to weather and wind, most if not all highschool stadiums are open. The one other type of stadium is the hybrid stadium which is really a dome stadium that includes a roof that retracts open and closed depending on the conditions.
Throughout sporting events fans always want to eat as it takes hours long for a game to conclude with commercial breaks and so forth, even though there are only 4 quarters with 15 minutes of time each. Like a mall or any other business that resells the products of another company, the NFL uses vendors to sell food. Like any other team in the National Football League The Cleveland Browns raise a higher price than what a restaurant would normally sell food for to create a large profit.
This essay will serve to help fans, and athletes alike understand and be informed on the aspects of finances in football. Athletes trying to go to the next level have to learn how to be financially responsible and careful when they are in the process of contract negotiations, not just from different teams, but from bad agents as well. Players will then be able to go to front office meetings with some understanding on how to use this financial literacy, and communication, to use their skills, personality, and what they can give to an organization as a way to bargain for what they believe they deserve.
Fans will be able to know more about the market in the NFL, how the league is as wealthy as it is, why their favorite team cannot afford a specific player, why a team may need to rebuild, why their favorite player may leave to go to another team, and so much more. Someone trying to learn and possibly gain a career in sports could use this information to teach themselves on how money is moved, and how it is evaluated. It is a million dollar market that many have minimal knowledge on.