Seattle’s decision to throw the ball at the goal line with 20 seconds to go in last night’s Super Bowl was a costly one. But in the long run, it won’t be nearly as costly to the rest of the United States as the National Football League (NFL) itself.
Every year, the NFL rakes in around $9.5 billion in revenue. Its commissioner, Roger Goodell, meanwhile, has an annual salary of $44 million. And while those numbers might make sense for any big business, the NFL isn’t a business – not technically, at least.
According to the Public Law 89-800, it’s a 501(c)6 tax-exempt nonprofit. That’s right, a nonprofit. In other words, the NFL, one of the most lucrative organizations in all of sports, is subsidized by you and me the taxpayers.
From The Real NFL Scandal. If you’re curious, here’s a list of other notable 501(c)(6) organizations.
American corruption takes many unique forms.