Economic Fumbles Lead To NFL Job Cuts

With tickets sales and ad revenue down the National Football League is cutting cost by eliminating 10% of employees at league offices. The move will reduce the impact of worsening economic conditions. Although the NFL has the best TV deal of any professional league in the United States margins are small.

The layoffs are a attempt to act ahead of what the NFL sees as revenue declines not only this year but into the 2010 season. Many leagues are experiencing drops in revenue from advertisers not resigning or advertisers who are trying to renegotiate current terms. Although NFL ticket sales are only down marginally, many other sports are experiencing bigger attendance declines. Cities where the economy and credit crisis has had the worst impact have slashed ticket prices to keep arenas and stadiums full.