faba Posted July 17, 2014 Share Posted July 17, 2014 By Dom Cosentino | NJ.com Follow on Twitter on July 17, 2014 at 2:06 PM, updated July 17, 2014 at 2:29 PM 0 Reddit Email Forbes is out with its annual informed guesstimation of the value of worldwide sports franchises. You'll be shocked to discover that it pays—no, it really pays—to be an NFL owner. Yes, that includes Jets owner Woody Johnson. According to Forbes, New York's AFC franchise has an approximate value pegged at $1.38 billion, which, for the second consecutive year, makes the Jets the 14th-most valuable franchise in sports. Forbes points out that the Jets "cut ticket prices the past two seasons, but still struggled to fill MetLife Stadium." Yet somehow, Johnson still manages to feed his family. That $1.38 billion figure for the Jets is $96 million higher than last year's estimated value of $1.284 billion, which is a 7.4 percent increase in just the last 12 months. Johnson, by the way, paid "only" $635 million when he bought the Jets back in 2000. Because every NFL team except the Packers is privately owned, it's tough to know a franchise's exact value. Forbes describes its methodology for credibly calculating franchise values as "enterprise values (equity plus debt) based on current venue deals (unless a new venue is pending)." The world's three most valuable franchises are all European soccer clubs: Spain's Real Madrid, FC Barcelona, and the UK's Manchester United. The New York Yankees are fourth. And then, beginning with the Dallas Cowboys at No. 5, 30 of the remaining 46 franchises in the top 50 are in the NFL. A total of 23 NFL franchises are worth at least $1 billion, up from 20 just a year ago. The Raiders and Jaguars are the only NFL franchises that don't rank in the Forbes top 50. The Jets are the NFL's sixth-most valuable franchise, trailing only the Cowboys, Patriots, Washington, Giants, and Texans. Why do the values of these teams keep rising? The Packers' financials, which must be made public and were recently released, provide a pretty good clue. The Pack reported $187.7 million in national revenue last year—their cut of the more than $6 billion in television money that was distributed to every NFL team. As Deadspin put it, "all those owners received a $187.7 million check just for being NFL owners." Keep in mind: The Vikings (estimated value: $1.007 billion) are sticking taxpayerswith more than half the cost of their new stadium. The Dolphins (estimated value: $1.074 billion) recently tried to squeeze the public in a similar manner, but owner Stephen Ross eventually relented after the good people of South Florida refused to play along (though Ross is still getting a sweetheart tax deal). And the Panthers (estimated value: $1.057 billion) have an owner, Jerry Richardson, who cried poverty as a justification for the 2011 lockout, only to have leaked financial documents reveal that he raked in more than $100 million in profit over a two-year span. True, the Jets and Giants did not use public money to pay for their stadium. But the CBA that was ratified after the lockout includes a rookie-wage scale that mandates four-year contracts for all drafted players, plus a fifth-year option for all first-round picks. The Jets have already exercised that option on their best player, defensive end Muhammad Wilkerson. If they so choose, they could also franchise Wilkerson the year after that, thus retaining his rights and completely restricting his ability to bargain for a fair-market contract for the first six years of his career. Remember this—and the fact that NFL contracts are not guaranteed—the next time you want to fault an NFL player for demanding more money from the team that employs him. Being an NFL owner: Nice work if you can get it. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted July 17, 2014 Share Posted July 17, 2014 Whew. That's a load off my mind. Link to comment Share on other sites More sharing options...
faba Posted July 17, 2014 Author Share Posted July 17, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? Link to comment Share on other sites More sharing options...
Sperm Edwards Posted July 17, 2014 Share Posted July 17, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? Gotta be at least ten, no? It looks like a pretty good business. We should get a pool together and buy one. Link to comment Share on other sites More sharing options...
faba Posted July 17, 2014 Author Share Posted July 17, 2014 Gotta be at least ten, no? It looks like a pretty good business. We should get a pool together and buy one. Yes fat chance you could get more than 5 Jets fans to agree on one thing> Link to comment Share on other sites More sharing options...
The Crusher Posted July 17, 2014 Share Posted July 17, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? No idea but I would love to be in a position to dedicate a few months of my life to find out. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted July 17, 2014 Share Posted July 17, 2014 Yes fat chance you could get more than 5 Jets fans to agree on one thing> Not even that Tom Brady is dreamy? Like how is that even possible? Getting back to the thread topic, I guess Woody Johnson isn't so poor after all. You want to tell Bitonti or should I? He has to come up with a new reason why Idzik isn't maxing out the cap every (or so far, any) year. Link to comment Share on other sites More sharing options...
faba Posted July 17, 2014 Author Share Posted July 17, 2014 Not even that Tom Brady is dreamy? Like how is that even possible? Getting back to the thread topic, I guess Woody Johnson isn't so poor after all. You want to tell Bitonti or should I? He has to come up with a new reason why Idzik isn't maxing out the cap every (or so far, any) year. hah Yes I thought Woody was in dire straights Link to comment Share on other sites More sharing options...
Integrity28 Posted July 17, 2014 Share Posted July 17, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? How many $150 Favre and Tebow jerseys is it? Link to comment Share on other sites More sharing options...
GenoandtheJets Posted July 17, 2014 Share Posted July 17, 2014 The investment the owner has in this team would have done a lot better if the Jets made the playoffs instead of stinking the past 3 seasons. Imagine if this team ever makes the superbowl & wins it then the value of this team would be at an alltime high. Link to comment Share on other sites More sharing options...
T0mShane Posted July 17, 2014 Share Posted July 17, 2014 Be worth 39% more with Manziel Link to comment Share on other sites More sharing options...
T0mShane Posted July 17, 2014 Share Posted July 17, 2014 #algorithm Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted July 17, 2014 Share Posted July 17, 2014 Breaking News: Woody's net wirth goes up, the JETS fans net worth not so much. Link to comment Share on other sites More sharing options...
stoicsentry Posted July 18, 2014 Share Posted July 18, 2014 The Jets are the NFL's sixth-most valuable franchise, trailing only the Cowboys, Patriots, Washington, Giants, and Texans. I see what you did there. Link to comment Share on other sites More sharing options...
pdxgreen Posted July 18, 2014 Share Posted July 18, 2014 He may be in the black, but we aren't exactly winning points with other NFL fans out there. Link to comment Share on other sites More sharing options...
RutgersJetFan Posted July 18, 2014 Share Posted July 18, 2014 OH MY GOD GET THIS sh*t OFF MY COMPUTER SCREEN Link to comment Share on other sites More sharing options...
aec4 Posted July 19, 2014 Share Posted July 19, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? The real comparison is if he invested that money in 2000 what would it be worth today. Link to comment Share on other sites More sharing options...
GKnight83 Posted July 19, 2014 Share Posted July 19, 2014 Almost double in value of what he paid- tidy profit- how many 9 dollar beers is that? $635MM x 2 = 1.27B. $1.38B > $1.27B. It is more than 2x not almost double. Not that anyone really cares Link to comment Share on other sites More sharing options...
Maxman Posted July 19, 2014 Share Posted July 19, 2014 Gotta be at least ten, no? It looks like a pretty good business. We should get a pool together and buy one. Or, you should just buy one. Link to comment Share on other sites More sharing options...
Maxman Posted July 19, 2014 Share Posted July 19, 2014 $635MM x 2 = 1.27B. $1.38B > $1.27B. It is more than 2x not almost double. Not that anyone really cares Technically it is almost double in value. It is just almost double on the greater than side of things. haha. Link to comment Share on other sites More sharing options...
T0mShane Posted July 19, 2014 Share Posted July 19, 2014 haha. ? Link to comment Share on other sites More sharing options...
Larz Posted July 21, 2014 Share Posted July 21, 2014 who said woody was broke last year, bitonti ? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.