Ben Gilbert

Unshared revenue for teams grew from 12% in 1994 to 21% in 2003 and is over 30% today.

So there's definitely a meaningful and ever-growing part of NFL team revenue that really does come from just the team itself and what it can do in its local market, not from that sort of locked brotherhood of we're all in it together league revenue.

It's a good question.

The comps would probably be like Marvel or Lucasfilm.

Really?

Yep.

Because the NFL does $18 billion a year in revenue right now, which is expected to grow to $25 billion by 2027.

Yep.

Wow.

Yeah, that's wild.

Because it's an annual basis.

That's every year.

I mean, this TV contract that they just signed, the 10-year deal is for $112 billion across all these entities.

Just wild.

And just to share what that specifically looks like.

CBS broadcasts a Sunday afternoon package for $1.85 billion a year.

Fox has a Sunday afternoon package for $2 billion a year.

They invented a new SKU, the Sunday night package, and they invented this a while ago, but NBC has that for $1.7 billion a year.

Disney owns Monday Night Football, as we mentioned, for $2.55.

It is a single game per week, and it's the most expensive package.