REVENUE SHARING ALSO TOPIC OF DEBATE AT MEETINGS
Aside from settling the Raiders situation, the NFL owners
also established a revenue-sharing system to help struggling
teams. According to Will McDonough in today's BOSTON GLOBE, a
pool will be established so "financially strapped teams can apply
for money from a league committee." The money will come from the
$20M the Rams are paying to move to St. Louis and from PSL's sold
in Jacksonville, St. Louis and Carolina (BOSTON GLOBE, 5/25).
Also, a portion of teams' gross from club seats will be pooled.
The NFL expects to generate a $72M pool over a four-year period
and distribute up to $3M per season to recipient clubs (John
Helyar, WALL STREET JOURNAL, 5/25). The Lions, one of the NFL's
"least-profitable teams" due to their unfavorable lease at the
Pontiac Superdome, stand to gain $50,000-$3M under the new plan.
Lions COO Chuck Schmidt called the team's share a "drop in the
bucket," but said it was indication the league is doing "whatever
it can to keep the revenue gap from widening" (DETROIT FREE