What would it take to end the officials' lockout? My colleague Peter King wrote today that the gap...
What would it take to end the officials' lockout? My colleague Peter King wrote today that the gap between what officials want and what the NFL is offering is around $3.3 million per season.
Gosh. That is a big number, isn't it? I don't know how the NFL is supposed to come up with $3.3 million every year ... hey, wait, I just stumbled upon this little news item: The NFL recently signed nine-year agreements with Fox, NBC and CBS that are worth $3 billion a year.
I'm no accountant, but I do have a calculator on my computer. It looks to me like the NFL could settle this dispute for the cost of 0.0011 percent of its annual TV take. That is an outrageously high number, of course. I don't think the NFL should completely cave -- this is, after all, a negotiation.
The NFL can start by generously offering 0.0004 percent of its annual TV revenue, then bump it up to 0.0006 percent of its annual TV revenue, and can probably get an agreement for close to 0.00085 percent of its annual TV revenue.
I'm guessing there, but I mean, the officials want to work. I don't think they will be stubborn and insist on that entire, enormous 0.0011 percent of the NFL's annual TV revenue. I think they could walk away from this with that 0.00085 percent of the NFL's annual TV revenue and feel pretty good about themselves.
And then, if the NFL can somehow find a way to sell a few jerseys and tickets and beers and hot dogs and parking spots ... well, the officials wouldn't get a dime of that. Then maybe the NFL could finally turn a profit. What a relief that would be.