Why does the NFL have tax-exempt status?

I guess this could go political, but I am curious if anybody here can explain it.

I would assume then that MLB, and NBA are as well... But I need to do some more research I guess.

Thoughts?

 

Good question.

 

This can not be answered in this forum.

 

http://bit.ly/1xD5uBS <------ here is your answer

 

Major League Baseball gave up its nonprofit status in 2007, and the National Basketball Association never had one.

NFL is technically classified as a 501(c)6 organization. Here's how the IRS describes 501(c)6 tax-exempt status:
http://www.huffingtonpost.com/brian-frederick/nfl-tax-exempt_b_1321635.html

 

While that was certainly informative... How did "football leagues" become no - profit... Inquiring minds and all that.

 

When you pay your QB and RB, Etc. millions upon millions to play, you don"t have any left for profit, DUH

 

Is there a "whoosh" smiley?

 

Just the league itself, the sanctioning body, is tax exempt. Not the teams, which is where the majority of the revenue goes.

Fencer, most teams are actually very profitable. The way the collective bargaining agreement is set up, between the teams and the players, the salary cap is based off the overall revenue. I think the players get around 50% of the projected revenue, but I'm not positive on that number.

 

Sarcasm font is needed. I thought the and DUH would help you out, but I guess not

Now where is that Whoosh smiley?

 

Pretty sure the Packers are the only publicly owned/ traded NFL franchise but I'm not clear on their 'profit' status.

 

We have one

 

Bush's fault.

























Reggie Bush, ya buncha idjits!