NFL Commish makes $29,500,000/year

[smokin3000gt]

As the Super Bowl approaches New York much like a blizzard, here are some things to think about: in 2012, NFL commissioner Roger Goodell was paid $29.5 million to run the organization. And that’s not all. The NFL, if you didn’t realize it, exists as a 501 c 6 organization. It’s not for profit!

In order to have that status, the NFL must be run as a charitable foundation. In 2012, they gave away a meager $2.3 million. Almost all of it–$2.1 million– went to the NFL Hall of Fame.

Goodell made 15 times what the group donated to other charities.
More crazy: Goodell’s salary is 1/10th of what the NFL claimed in total assets for 2012– $255 million.
Or even crazier: the NFL only made charitable donations equaling one-one hundredth of their annual income.



Read more at: http://www.showbiz411.com/2014/01/21/nfl-commish-makes-29-5-mil-a-year-15-times-more-than-tax-free-org-gives-to-charity-more-than-ceos-of-ford-heinz-fedex


Time to revoke their 'non-profit' status I think.

[steelerdude15]

:jawdrop2:

[fansince'76]

*Bites tongue*

[NCSteeler]

When their idea of charity is giving to their own HOF

[steelreserve]

Hmm. I could ruin the league half as much, for half the salary. Then again, so could most people.

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Time to revoke their 'non-profit' status I think.

What, so the price of everything could go up even more?

[smokin3000gt]

Hmm. I could ruin the league half as much, for half the salary. Then again, so could most people.

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What, so the price of everything could go up even more?

Then they need to up the minimum rquirement.

the NFL only made charitable donations equaling one-one hundredth of their annual income.
Something is wrong there.

On the other hand, I had no idea you could file as a non-profit as long as you donate 1% of your income. I'll have to talk to my accountant and attorney about filing as a non-profit. This could be amazing! Obama dollars for everyone!!! :high5:

[fansince'76]

Time to raise taxes (again) on all those evil and filthy rich small business owners who aren't paying their fair share!

[Chidi29]

Wow! It's like they're a....business or something.

[steelreserve]

Then they need to up the minimum rquirement.

Something is wrong there.

On the other hand, I had no idea you could file as a non-profit as long as you donate 1% of your income. I'll have to talk to my accountant and attorney about filing as a non-profit. This could be amazing! Obama dollars for everyone!!! :high5:


I think there is some confusion about what is going on here. What they're referring to as a "non-profit" is the league office itself, which really isn't trying to make a profit. All the NFL's income from tickets, TV, merchandise, etc., goes to the 32 teams, and you bet your ass the IRS treats them like regular, for-profit corporations. The league office doesn't get any of the football-related income - which would be billions, not $255 million - it just administers the league. The way that's likely set up is that each team contributes a certain amount off the top to run the league, the league office uses it for their budget, and whatever money is left over at the end they give away (they may budget the HOF's allotment, and it just happens to also be considered another non-profit company).

Being a non-profit corporation doesn't mean you have to give a certain amount of your money to charity, by the way. It just means exactly what it says: You are not trying to make a profit. You could set up an organization to do really anything you want - help youth sports, save the whales, stage practical jokes for no reason, lobby for more violence in movies - and as long as you aren't keeping any of the money, it's a non-profit. If the league wasn't treated as a non-profit, the same amount of money would probably just be an expense item deducted from each team's net earnings. But they want the league itself to be a separate legal entity so that it can claim impartiality in things like enforcing the rules, running the draft, paying the officials' salaries, etc.

Anyway. Sorry for the long-winded explanation, but it seemed like people were confused. I don't think there's any funny business going on there, at least as far as taxes are concerned.

[SteelMember]

Either way, It's about 29 million too much. :noidea:

[ALLD]

That is an obscene amount to pay that individual. I am not saying that some people are not worth that kind of money, I am saying specifically he is not worth it. He should be selling timeshares somewhere.

[tube517]

$11.6 million in 2010
$29.49 million in 2011

B-b-b-b-b-b-b-b-b-b-but only $1 during the lockout. What a humanitarian..... :sarcasm:

http://espn.go.com/nfl/story/_/id/8952737/roger-goodell-compensation-nearly-tripled-2949m-2011

[Psycho Ward 86]

Wow! It's like they're a....business or something.

lol

[steelreserve]

That is an obscene amount to pay that individual. I am not saying that some people are not worth that kind of money, I am saying specifically he is not worth it. He should be selling timeshares somewhere.


Selling timeshares, that's pretty tame ... way I see it, if he wasn't doing this, he'd probably be a patent troll, or leader of some icky political group, or something equally despicable where you piss a lot of people off.

[st33lersguy]

He doesn't deserve to make a penny of it

[Count Steeler]

How come his salary isn't capped?

He makes more than any player in the league. That is just obscene.

[NCSteeler]

"Not for Profit" companies are a ruse. Novant Health is a Not for Profit company, they enjoy tons of tax breaks own multiple hospitals and pay their top execs tons of money.

There is no way the NFL should be able to get by as a Not for Profit, the whole idea of the Sheild is "for profit" their agenda is to make money lots of it. So when they make it through their Not for profit arm the for profit arm , teams get rich. What a joke.

BTW, total crickets on this story at PFT, silence says it all

[salamander]

It's about $29,499,999 too much.

[Chidi29]

Combined, just the 32 franchises alone are worth over 37 billion. How much is the league worth as a whole? God knows, so much more than that. So it's reasonable to expect the leader and face of the league to be compensated a relative amount. Just like when people ask why players get paid "so much" it's because the franchises have so much money. It'd be more ludicrous for a player to get paid a tiny, tiny fraction of what the team is allowed to spend. Numbers are all relative.

[fansince'76]

It's about $29,499,999.99 too much.

Fixed. :thumbsup:

[Steelerette]

I have no problem with the market compensating ceos, commissioners, figureheads, that kind of person, for providing that kind of worth to the business.

It's easy to rail on CEOs making "obscene" salaries but in many cases it's just a conglomerate of razor thin margins all adding up into something substantial. It's kind of like the people who say "$13 billion US debt? Let's start by cutting congress' salaries!" Uh, it doesn't work that way really. Everybody in Congress' salaries combined still amounts to the kind of "small potatoes" that we hand out like candy to this or that country that had an earthquake or such. As for a company, say the NFL. Billions in revenues. $29 mil would be relative small potatoes for a person that manages the relationship between the 32 teams, the players' union, the media, the public, all facets of perhaps the most well-known enterprise in the United States.

A good commissioner is easily worth that salary. The problem is that Goodell isn't a good commissioner. I bet if Tagliabue were still commish and making that much, nobody would bat an eyelash. The system doesn't have to change too much. Goodell just needs to go.

[NCSteeler]

I have no problem with the market compensating ceos, commissioners, figureheads, that kind of person, for providing that kind of worth to the business.

It's easy to rail on CEOs making "obscene" salaries but in many cases it's just a conglomerate of razor thin margins all adding up into something substantial. It's kind of like the people who say "$13 billion US debt? Let's start by cutting congress' salaries!" Uh, it doesn't work that way really. Everybody in Congress' salaries combined still amounts to the kind of "small potatoes" that we hand out like candy to this or that country that had an earthquake or such. As for a company, say the NFL. Billions in revenues. $29 mil would be relative small potatoes for a person that manages the relationship between the 32 teams, the players' union, the media, the public, all facets of perhaps the most well-known enterprise in the United States.

A good commissioner is easily worth that salary. The problem is that Goodell isn't a good commissioner. I bet if Tagliabue were still commish and making that much, nobody would bat an eyelash. The system doesn't have to change too much. Goodell just needs to go.

I'm not against them making their money either. Hell my CEO pulls down 7 mil a year and folks complain, but she gave up her life to be dedicated to business. I on the other hand like screwing off and taking vacations too much. HA

BUT at least don't freaking claim to be Not for Profit tax free, no reason the league shouldn't be paying taxes like the rest of us

[steelreserve]

I'm not against them making their money either. Hell my CEO pulls down 7 mil a year and folks complain, but she gave up her life to be dedicated to business. I on the other hand like screwing off and taking vacations too much. HA

BUT at least don't freaking claim to be Not for Profit tax free, no reason the league shouldn't be paying taxes like the rest of us


Not to beat a dead horse but ... as I explained above, the teams are the ones making the money, and they aren't tax-exempt. The "not-for-profit" designation is just for the league office itself, which is fine. It'd be the same thing as the MLB commissioner's office being not-for-profit. Those are just the administrative bodies running the league and aren't making any money. Or did you think the entire league only had revenues of $255 million last year?