NFL as an Investment Company

In a discussion of the National Football League's nonprofit status, Timothy Lavin notes that the NFL resembles more of a loan organization than a football organization. The money observation:

 Loans, in fact, make up most of what the (NFL) office now does: Seventy percent of (NFL's) assets are loans receivable, notes John Vrooman, a sports economist at Vanderbilt University, and 76 percent of its liabilities are loans payable to third parties.

If the NFL were treated as a financial firm, then NFL commissioner Roger Goodell's $44.2 million salary looks outsized. JPMorgan Chase CEO Jamie Dimon earned $20 million in compensation package while Bank of America CEO Brian Moynihan received $14 million.

It could be argued that Goodell is dealing with the Ray Rice fallout while Dimon and Moynihan continue to face lawsuits, and possible government investigations. On the other hand, Dimon and Moynihan failed to improve Chase's and BoA's business like Goodell has improved the NFL's revenue.