Football is a pretty good business to be in these days because analysts say the National Football League's television profits are about to go up 60%!
An 8-year extension of the league's TV rights deal with broadcast partners CBS, Fox and NBC is promising the NFL $3.2 billion a year until 2021. That's more than double what they are raking in with their current contract.
But wait, there's more money to be had from the sport that every network wants a piece of. Sources report that previous deals with ESPN and DirecTV are expected to lock in another $6 billion in media fees for the NFL.
That's A LOT of money and it's only from the TV rights! Now imagine how much money the NFL is making with merchandise and ticket sales…
Can someone say, "CHA-CHING!"