NFL teams lost almost $4 billion in revenue due to coronavirus pandemic
In keeping with a previous estimate that revenues could be down by at least $100 million for each of the 32 teams, the league missed out on $3 billion to $4 billion while playing in the pandemic. The estimate comes from Marc Ganis, co-founder of Chicago-based consulting group Sportscorp and a confidant of many NFL owners. "Nobody is going to cry for teams that are worth an average of $2 billion," Ganis said. With the majority of revenue tied to national TV contracts that benefit all teams equally, the NFL was well-positioned to handle the pandemic as long as games could be played. "So the NFL, its position as the top broadcast property in the United States actually got stronger," Ganis said.
cbsnews.comNFL's revenue dip in pandemic significant, but not crippling
The dip in revenue for the NFL during the pandemic has been substantial but not crippling. โNone of us are going to be surprised that thereโs going to be a significant drop-off from overall revenue,โ union executive director DeMaurice Smith said. โNobody is going to cry for teams that are worth an average of $2 billion,โ Ganis said. And no oneโs going to cry for players who are going to get reductions in salaries over the next two or three years. โBoth the league and the players association recognize that there was something going on much bigger than their own interests.
Former Alabama, NY Giants coach Ray Perkins dies at 79
FILE - University of Alabama head coach Ray Perkins explains techniques to his quarterbacks in Tuscaloosa, Ala., in this March 23, 1983, file photo. (AP Photo/File)TUSCALOOSA, Ala. โ Ray Perkins, who replaced Hall of Famer Bear Bryant as Alabamaโs football coach and started the transition with the New York Giants that led to two Super Bowl titles, died Wednesday in Tuscaloosa. An All-American receiver at Alabama in 1966, Perkins played professionally for the Baltimore Colts from 1967-71. โWe are deeply saddened to hear of the passing of coach Perkins,โ Alabama athletic director Greg Byrne said. In 1981, Perkins led the team to its first postseason berth since 1963.
NFL's coaching summit highlights minority candidates
The biggest takeaway following the NFL's two-day quarterback coaching summit aimed at improving the league's diversity, is that there's no shortage of qualified minority candidates waiting for opportunities to be head coaches and coordinators. (Rob Maaddi/Zoom via AP)The biggest takeaway following the NFLs two-day quarterback coaching summit is theres no shortage of qualified minority candidates waiting for opportunities to be head coaches and coordinators. It becomes reality when the people respond to it.After the 2018 season, eight head coaches lost their jobs. That makes four minority head coaches out of a possible 32 in the league. The NFL amended the Rooney Rule last month to require more interviews of minority candidates for head coaching and coordinator positions.
Eli Manning, Giants quarterback and two-time Super Bowl-winner, retiring after 16 seasons
New York Giants quarterback Eli Manning is retiring from the NFL after 16 seasons, the team announced Wednesday. The two-time Super Bowl winner will officially announce his retirement Friday. "For 16 seasons, Eli Manning defined what it is to be a New York Giant both on and off the field," Giants president and CEO John Mara said in a statement. In what is considered one of the greatest upsets in Super Bowl history, Manning and the Giants defeated Tom Brady and the Patriots in Super Bowl 42. While he made it to four pro-bowls, Manning also failed to make the playoffs in nine of his 16 seasons.
cbsnews.comEli Manning, Giants quarterback and two-time Super Bowl-winner, retiring after 16 seasons
New York Giants quarterback Eli Manning is retiring from the NFL after 16 seasons, the team announced Wednesday. The two-time Super Bowl winner will officially announce his retirement Friday. "For 16 seasons, Eli Manning defined what it is to be a New York Giant both on and off the field," Giants president and CEO John Mara said in a statement. In what is considered one of the greatest upsets in Super Bowl history, Manning and the Giants defeated Tom Brady and the Patriots in Super Bowl 42. While he made it to four pro-bowls, Manning also failed to make the playoffs in nine of his 16 seasons.
cbsnews.com