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As Usual, Business is Booming for the NFL–Colts Included

By Luke Schultheis

Mar 18, 2016; Indianapolis, IN, USA; Indianapolis Colts owner Jim Irsay listens as retired quarterback Peyton Manning speaks during a press conference at Indiana Farm Bureau Football Center. Mandatory Credit: Brian Spurlock-USA TODAY Sports
Mar 18, 2016; Indianapolis, IN, USA; Indianapolis Colts owner Jim Irsay listens as retired quarterback Peyton Manning speaks during a press conference at Indiana Farm Bureau Football Center. Mandatory Credit: Brian Spurlock-USA TODAY Sports /
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According to ProFootballTalk, the NFL continues to be a booming business, as the Green Bay Packers reported record profits last fiscal year.

While the NFL’s other 31 franchises are privately held, the Green Bay Packers are the lone publicly owned franchise which means the team is obligated to disclose its financial records:

"“The Packers reported a franchise-record $408.7 million in revenue for the fiscal year that ended on March 31 along with a record $48.9 million in net income and $75 million in profit from operations. Those last two numbers represented 68 percent and 91 percent jumps from the previous year.”"

Of course, that prevents Indianapolis Colts fans from knowing the exact numbers for what the Horseshoe brought in during 2015. However, the Green Bay Packers financial records at least paint a very green picture for any NFL franchise to say the least.

Needless to say, things are going very well for Colts owner Jim Irsay and his NFL franchise along with his other 31 NFL counterparts:

Mar 18, 2016; Indianapolis, IN, USA; Indianapolis Colts owner Jim Irsay announces that the jersey of Peyton Manning (not pictured) will be retired during a press conference at Indiana Farm Bureau Football Center. The Colts will also build a statue in honor of Manning. Mandatory Credit: Brian Spurlock-USA TODAY Sports
Mar 18, 2016; Indianapolis, IN, USA; Indianapolis Colts owner Jim Irsay announces that the jersey of Peyton Manning (not pictured) will be retired during a press conference at Indiana Farm Bureau Football Center. The Colts will also build a statue in honor of Manning. Mandatory Credit: Brian Spurlock-USA TODAY Sports /

Irsay may have to “share the wealth” soon; however, as his franchise player Andrew Luck is due for a mega-extension this offseason.

Both sides remain optimistic that a deal will be reached before training camp, but the contract is widely expected to effectively make Luck the highest paid player in NFL history.

The total value is expected to be a “shocking” number and could pay Luck $25-30 million annually, while assuredly eclipsing $100M in total value–maybe much more.

Those numbers seem big at first glance.

However, seeing how much money Irsay’s Colts and every other NFL franchise are roughly bringing in on an annual basis, the franchise can certainly afford it going forward.

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