NFL team prices

FILE – Denver Broncos fans cheer as the AFC championship NFL football playoff game between the Broncos and the New England Patriots was about to start, Jan. 19, 2014, in Denver. The Walton family has won the bidding to purchase the Broncos in the most expensive deal for a sports franchise anywhere in the world.

AP

In January 1965, Joe Namath, a quarterback from the University of Alabama, signed a contract with the New York Jets worth for the outrageous sum of $427,000.

It was the most lucrative contract ever signed by a rookie — a three-year deal that included an annual salary of $25,000, a whopping $200,00 bonus, a green Lincoln and $30,000 for attorney’s fees. 

Cleveland Browns owner Art Modell grumbled that “contracts like the one Namath got can be the ruination of the game.”

It didn’t ruin the game, but in the decades since then, as player salaries rose to insane heights, others echoed the same sentiment.

Every step up the pay scale spelled doom for the NFL (or NBA or MLB).

So what would Modell and his contemporaries have thought of the spending spree that’s underway this offseason? NFL teams have awarded contract extensions as if they are printing money.

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Source:: Deseret News – Sports News

      

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