Will Smith Nfl Net Worth

National Football League

Expert American football league National Football League Current season, competitors or edition:

No. of teams 32

Country United States [A] Park Opportunity New York City NY Tampa Bay Buccaneers Green Bay Packers [B] TV partner(s) United States:

Fox NBC ESPN NFL Network Telemundo Deportes Broadcasters Official website

consisting of 32 groups, divided similarly in between the National Football Conference (NFC) and the American Football Conference (AFC). The NFL is among the four major North American professional sports leagues, the highest expert level of American football worldwide.

eighteen-week routine season runs from early September to early January, with each group playing seventeen video games and having one bye week. Following the conclusion of the regular season, 7 groups from each conference (four department winners and 3 wild card teams) advance to the playoffs single-elimination tournament culminating in the Super Bowl, which is usually hung on the very first Sunday in February and is played in between the champions of the NFC and AFC. The league is headquartered in New York City The NFL was formed in 1920 as the American Expert Football Association (APFA) before renaming itself the National Football League for the 1922 season. After at first figuring out champions through end-of-season standings, a playoff system was implemented in 1933 that culminated with the NFL National Championship until 1966. Following an arrangement to merge the NFL with the rival American Football League (AFL), the Super Bowl was initially kept in 1967 to identify a champ between the very best teams from the two leagues and has remained as the last game of each NFL season considering that the merger was finished in 1970.

Today, the NFL has the highest average presence (67,591) of any expert sports league on the planet and is the most popular sports league in the United States.

The Super Bowl is also among the biggest club sporting occasions in the world, with the private video games representing a number of the most watched television programs in American history and all occupying the Nielsen's Top 5 tally of the all-time most viewed U.S. television broadcasts by 2015.

The NFL is the wealthiest expert sports league by revenue and the sports league with the most important teams.

Green Bay Packers hold the most combined NFL championships with thirteen, winning 9 titles before the Super Bowl period and 4 Super Bowls afterwards. Since the production of the Super Bowl, the Pittsburgh Steelers New England Patriots both have the most championship titles at 6.

Source: en.wikipedia.org

Establishing and history

On August 20, 1920, a meeting was held by representatives of the Akron Pros Canton Bulldogs Cleveland Indians Dayton Triangles Jordan Hupmobile car display room in Canton, Ohio This meeting led to the formation of the American Expert Football Conference (APFC), a group who, according to the Canton Night Repository, meant to raise the requirement of professional football in every way possible, to eliminate bidding for gamers between competing clubs and to protect cooperation in the development of schedules.

Another conference was held on September 17, 1920 with representatives from groups from 4 states: Akron, Canton, Cleveland, and Dayton from Ohio; the Hammond Pros Muncie Flyers from Indiana; the Rochester Jeffersons from New York City; and the Rock Island Independents Decatur Staleys Racine (Chicago) Cardinals The league was relabelled to the American Professional Football Association (APFA).

The league elected Jim Thorpe as its first president, and included fourteen groups (the Buffalo All-Americans Chicago Tigers Columbus Panhandles Detroit Heralds signed up with the league throughout the year). The Massillon Tigers Massillon, Ohio was likewise at the September 17 conference, however did not field a group in 1920. Just two of these teams, the Decatur Staleys (now the Chicago Bears) and the Chicago Cardinals (now the Arizona Cardinals), stay in the NFL.

Akron Pros won the first APFA (NFL) Championship in 1920.

Although the league did not keep main standings for its 1920 inaugural season and groups played schedules that consisted of non-league opponents, the APFA granted the Akron Pros the championship by virtue of their The first event occurred on September 26, 1920 when the Rock Island Independents defeated the non-league St. Paul Ideals 48–-- 0 at Douglas Park On October 3, 1920, the very first full week of league play happened.

The following season resulted in the Chicago Staleys controversially winning the title over the Buffalo All-Americans.

On June 24, 1922, the APFA changed its name to the National Football League (NFL).

, the season ended with the Chicago Bears () and the Portsmouth Spartans) connected for first in the league standings.

At the time, groups were ranked on a single table and the team with the highest gaining portion (not including ties, which were not counted towards the standings) at the end of the season was stated the champ; the only tiebreaker was that in case of a tie if two teams played two times in a season, the result of the 2nd video game figured out the title (the source of the 1921 debate). This technique had been utilized given that the league's creation in 1920, but no scenario had actually been encountered where two groups were tied for first. The league rapidly determined that a playoff game in between Chicago and Portsmouth was needed to decide the league's champion. The teams were initially set up to play the championship game, formally a regular-season game that would count towards the regular season standings, at Wrigley Field in Chicago, however a combination of heavy snow and severe cold required the video game to be moved indoors to Chicago Stadium, which did not have a regulation-size football field. Playing with modified rules to accommodate the smaller playing field, the Bears won the game 9–-- 0 and therefore won the champion. Fan interest in the de facto national championship led the NFL, beginning in, to divide into 2 divisions with a national championship to be played in between the division champs.

1934 season likewise marked the first of twelve seasons in which African Americans were absent from the league. The de facto restriction was rescinded in, following public pressure and coinciding with the elimination of a similar ban Big league Baseball The NFL was constantly the biggest professional football league in the United States; it however faced numerous competing professional leagues through the 1930s and 1940s. Competing leagues consisted of a minimum of three different American Football Leagues All-America Football Conference (AAFC), on top of different regional leagues of varying caliber. Three NFL groups trace their histories to these competing leagues, consisting of the Los Angeles Rams (who came from a 1936 version of the American Football League), the Cleveland Browns San Francisco 49ers (the last two of which came from the AAFC). By the 1950s, the NFL had an effective monopoly on expert football in the United States; its only competition in North America was the professional Canadian football circuit, which officially became the Canadian Football League (CFL) in 1958. With Canadian football being a different football code than the American video game, the CFL established a specific niche market in Canada and still survives as an independent league.

A brand-new professional league, the fourth Football League (AFL), started to play in 1960. The upstart AFL began to challenge the established NFL in popularity, gaining lucrative tv agreements and engaging in a bidding war with the NFL for free representatives and draft choices. The 2 leagues announced a merger on June 8, 1966, to take full impact in 1970. In the meantime, the leagues would hold a common draft and national championship. The video game, the Super Bowl, was held four times before the merger, with the NFL winning Super Bowl I Super Bowl II, and the AFL winning Super Bowl III Super Bowl IV After the league merged, it was reorganized into 2 conferences: the National Football Conference (NFC), including the majority of the pre-merger NFL teams, and the Football Conference (AFC), including all of the AFL groups in addition to 3 pre-merger NFL teams.

Today, the NFL is the most popular sports league in North America; much of its development is credited to former Commissioner Pete Rozelle, who led the league from 1960 to 1989. Total annual attendance increased from 3 million at the beginning of his tenure to 17 million by the end of his period, and 400 million global viewers enjoyed 1989's Super Bowl XXIII The NFL developed NFL Residences in 1963. The league's licensing wing, NFL Characteristic earns the league billions of dollars yearly; Rozelle's tenure likewise marked the production of NFL Charities and a nationwide collaboration with United Way Paul Tagliabue was elected as commissioner to prosper Rozelle; his seventeen-year period, which ended in 2006, was marked by big boosts in television agreements and the addition of 4 expansion groups, as well as the intro of league initiatives to increase the variety of minorities in league and team management roles.

The league's existing Commissioner, Roger Goodell, has focused on minimizing the number of unlawful hits and making the sport safer, mainly through fining or suspending gamers who break guidelines.

These actions are amongst many the NFL is taking to decrease concussions and improve player safety.

Source: en.wikipedia.org

Season and playoff advancement

From 1920 to 1934, the NFL did not have a set number of games for teams to play, rather setting a minimum. The league mandated a twelve-game routine season for each team start in, later on reducing this to eleven games in and 10 video games in, mainly due to The second world war. After the war ended, the variety of games returned to eleven games in, and later back to twelve in 1947. The NFL went to a fourteen-game schedule in, which it kept until changing to the present sixteen-game schedule in In March 2021, the NFL formally embraced a seventeen-game schedule after acquiring the agreement of the National Football League Players Association Having an odd number of video games in the schedule will offer half the teams 9 video games as the house group while half the teams have only eight home games. To minimize the viewed advantage on competitors of having more home video games, the extra home video game will be turned between the two conferences each year. This is because playoff berths are designated at the conference level, so all groups within the conference will have played the same number of home video games.

The NFL ran in a two-conference system from 1933 to, where the champions of each conference would meet in the NFL National Championship. If two groups connected for the conference lead, they would meet in a one-game playoff to identify the conference champ. In, the NFL expanded from fifteen teams to sixteen groups. Rather of simply evening out the conferences by including the growth New Orleans Saints to the seven-member Western Conference, the NFL straightened the conferences and split each into 2 four-team departments. The four department champions would meet in the NFL playoffs, a two-round playoff.

The NFL also ran the Playoff Bowl (formally the Bert Bell Benefit Bowl) from 1960 to 1969. Successfully a third-place video game, pitting the 2 conference runners-up versus each other, the league considers Playoff Bowls to have actually been exhibits instead of championship game. The league terminated the Playoff Bowl in 1970 due to its understanding as a game for losers.

Following the addition of the previous AFL teams into the NFL in, the NFL divided into two conferences with 3 departments each. The expanded league, now with twenty-six teams, would also include a broadened eight-team playoff, the participants being the three department champs from each conference along with one 'wild card' team (the team with the very best win portion) from each conference. In 1978, the league included a second wild card group from each conference, bringing the overall variety of playoff teams to ten, and a further 2 wild card teams were included to bring the total to twelve. When the NFL expanded to 32 groups in, the league straightened, changing the department structure from three departments in each conference to four divisions in each conference. As each division champ gets a playoff bid, the variety of wild card teams from each conference dropped from three to two.

The playoffs broadened again in 2020, adding two more wild card teams to bring the overall to fourteen playoff groups.

Source: en.wikipedia.org

Business structure

Roger Goodell At the business level, the National Football League considers itself a trade association comprised of and funded by its 32 member groups.

Up until 2015, the league was an unincorporated nonprofit 501(c)( 6) Section 501(c)( 6) of the Internal Earnings Code offers an exemption from federal earnings tax for Business leagues, chambers of commerce, real-estate boards, boards of trade, or expert football leagues (whether administering a pension fund for football players), not arranged for revenue and no part of the net profits of which inures to the benefit of any private investor or individual..

In contrast, each individual group (other than the non-profit Green Bay Packers) undergoes tax because they earn a profit.

The NFL quit the tax-exempt status in 2015 following public criticism; in a letter to the club owners, Commissioner Roger Goodell identified it a diversion, saying the results of the tax-exempt status of the league workplace have actually been mischaracterized consistently recently ... Every dollar of earnings produced through television rights fees, licensing contracts, sponsorships, ticket sales, and other ways is made by the 32 clubs and is taxable there. This will remain the case even when the league workplace and Management Council file returns as taxable entities and the change in filing status will make no product distinction to our company. As a result, the league workplace might owe around US$ 10 million in income taxes, but it is no longer required to reveal the salaries of its executive officers.

The league has actually three defined officers: the commissioner, secretary, and treasurer. Each conference has actually one specified officer, the president, which is basically an honorary position with couple of powers and primarily ceremonial responsibilities, including granting the conference championship trophy.

The commissioner is chosen by the affirmative vote of two-thirds or eighteen (whichever is greater) of the members of the league, while the president of each conference is chosen by an affirmative vote of three-fourths or 10 of the conference members.

The commissioner designates the secretary and treasurer and has broad authority in disagreements between clubs, gamers, coaches, and staff members. He is the primary executive officer of the NFL and also has authority in working with league employees, working out television agreements, disciplining people that own part or all of an NFL group, clubs, or employed individuals of an NFL club if they have breached league laws or devoted conduct detrimental to the well-being of the League or professional football.

The commissioner can, in the event of misbehavior by a party connected with the league, suspend people, hand down a fine of up to US$ 500,000, cancel contracts with the league, and award or strip teams of draft picks.

In severe cases, the commissioner can provide suggestions to the NFL's Executive Committee as much as and consisting of the cancellation or forfeit of a club's franchise or any other action, he deems required. The commissioner can also provide sanctions as much as and including a life time restriction from the league if an individual linked to the NFL has actually bet on games or failed to notify the league of conspiracies or strategies to bet on or fix games.

The present Commissioner of the National Football League is Roger Goodell, who was elected in 2006 after Paul Tagliabue, the previous commissioner, retired.

Financial resources

NFL earnings is from 3 main sources: NFL Ventures (merchandising), NFL Enterprises (NFL Network NFL Sunday Ticket, which the league controls), and the television contract. The league distributes such revenue equally among teams, no matter performance. Since February 2019 [upgrade], each group receives $255 million annually from the league's television agreement, up 150% from $99.9 million in 2010.

The majority of NFL groups' monetary statements are secret.

The Kansas City Star obtained the Kansas City Chiefs' income tax return for 2008–-- 2010. According to the Star, the team's income rose from $231 million in 2008 to $302 million in 2010. In 2010, two thirds of earnings originated from the league: $99.8 million from NFL Ventures ($55.3 million) and NFL Enterprises ($44.6 million), and the $99.9 million share of the television contract. The remaining one 3rd was from tickets ($42.4 million), business sponsorships ($6.6 million), food sales ($5 million), parking passes ($4.7 million), in-stadium marketing ($3.7 million), radio contract ($2.7 million), and miscellaneous sources.

The biggest Chiefs expenditure in 2010 was $148 million for gamers, coaches, and other employees. Of the $38 million in operating income, Clark Lamar Jr.

, 2 other children, and widow of former group owner Lamar Hunt divided $17.6 million, and reinvested the staying $20 million into the group.

According to economist Richard D. Wolff, the NFL's earnings design is in contravention of the typical corporate structure. By redistributing earnings to all groups the NFL is ensuring that one group will not dominate the league through excessive revenues.

Roger Noll described the income sharing as the league's essential structural weakness, nevertheless, as there is no disincentive against a group playing severely and the biggest expense item, gamer salaries, is topped.

Routine season

AFC East AFC North AFC South AFC West Costs Steelers Titans Chiefs Dolphins Ravens Colts Raiders Patriots Browns Texans Chargers Jets Bengals Jaguars Broncos NFC East NFC North NFC South NFC West Washington Packers Saints Seahawks Giants Bears Buccaneers Rams Cowboys Vikings Panthers Cardinals Eagles Lions Falcons 49ers This chart of the 2020 season standings displays an application of the NFL scheduling formula. The Buccaneers in 2020 (highlighted in green) completed in 2nd place in the NFC South in 2021, the Buccaneers will play two games against each of its division competitors (highlighted in light blue), one video game versus each team in the NFC East AFC East (highlighted in yellow), one game each against the second-place finishers in the NFC North NFC West (highlighted in orange) and one game versus the group who completed second in the AFC South (highlighted in pink).

Currently, the 14 opponents each group deals with over the 17-game regular season schedule are set utilizing a pre-determined formula:

The league runs an 18-week, 272-game regular season. Because 2021, the season has begun the week after Labor Day (the first Monday in September) and concluded the week after New Year.

The opening game of the season is typically a house game on a Thursday for the league's defending champ.

A lot of NFL video games are played on Sundays, with a Monday night video game normally held at least as soon as a week and Thursday night video games taking place on the majority of weeks also.

NFL video games are not typically used Fridays or Saturdays till late in the regular season, as federal law forbids expert football leagues from competing with college or high school football. Since high school and college groups normally play games on Friday and Saturday, respectively, the NFL can not hold video games on those days up until the Friday prior to the 3rd Saturday in December. While Saturday games late in the season prevail, the league hardly ever holds Friday video games, the most current one being on Christmas Day in 2020.

NFL games are seldom arranged for Tuesday or Wednesday, and those days have actually only been used 3 times because 1948: in 2010, when a Sunday video game was rescheduled to Tuesday due to a blizzard, in 2012, when the Kickoff game was moved from Thursday to Wednesday to prevent conflict with the Democratic National Convention and in 2020, when a video game was postponed from Sunday to Tuesday due to gamers testing positive for COVID-19 NFL routine season matches are figured out according to a scheduling formula. Within a department, all four groups play 14 out of their 17 video games versus common challengers or each other–-- 2 video games (home and away) are bet the other three groups in the department, while one video game is held against all the members of a division from the NFC and a division from the AFC as identified by a turning cycle (three years for the conference the team remains in, and four years in the conference they are not in). 2 of the other video games are intraconference games, figured out by the standings of the previous year –-- for instance, if a team ends up initially in its department, it will play two other first-place teams in its conference, while a team that finishes last would play 2 other last-place teams in the conference. The last game is an inter-conference based on a turning cycle and figured out by previous season's standings.

In overall, each team plays 17 video games and has one bye week, where it does not play a video game.

Although a group's home and away opponents are understood by the end of the previous year's routine season, the precise dates and times for NFL video games are not figured out up until much later because the league needs to represent, among other things, the Major League Baseball postseason and local occasions that might posture a scheduling dispute with NFL video games. During the 2010 season, over 500,000 prospective schedules were produced by computer systems, 5,000 of which were thought about playable schedules and were reviewed by the NFL's scheduling team. After getting to what they felt was the best schedule out of the group, almost 50 more potential schedules were developed to attempt to ensure that the chosen schedule would be the very best possible one.

Will Smith Nfl Net Worth