How the heck is the NFL a tax-exempt not-for-profit?
As the NFL reels from the Ray Rice case and its handling of domestic violence among its players, some American senators are drawing attention to something you might not have considered: the NFL is classified as a not-for-profit organization. It means some of the league's revenues are tax-free, and the senators are pushing to strip the league of its status....
As the NFL reels from the Ray Rice case and its handling of domestic violence among its players, some American senators are drawing attention to something you might not have considered: the NFL is classified as a not-for-profit organization. It means some of the league's revenues are tax-free, and the senators are pushing to strip the league of its status. But how can a league that brings in an estimated $10 billion a year -- and that pays its commissioner a cool $35 million dollar salary -- be treated as a not-for-profit entity? We asked Gregg Easterbrook, author of The King of Sports: Football's Impact on America, to explain.