{"id":6540,"date":"2022-08-31T16:44:38","date_gmt":"2022-08-31T16:44:38","guid":{"rendered":"https:\/\/americansportsplanet.com\/?p=6540"},"modified":"2022-08-31T16:44:39","modified_gmt":"2022-08-31T16:44:39","slug":"can-an-nfl-player-own-a-team","status":"publish","type":"post","link":"https:\/\/americansportsplanet.com\/can-an-nfl-player-own-a-team\/","title":{"rendered":"Can An NFL Player Own A Team?"},"content":{"rendered":"\n

Editorial credit: ChicagoPhotographer \/ Shutterstock.com<\/em><\/p>\n\n\n\n

Basketball legend Michael Jordan had to sell his 10% stake in the Washington Wizards when he abandoned retirement to play for the NBA team. The NBA does not allow players to have a direct or indirect ownership interest in a team. It is considered a salary cap violation. The NFL also has a salary cap system. So are NFL players also banned from having any ownership of an NFL team?<\/p>\n\n\n\n

The NFL doesn’t have a rule forbidding players from owning a team. In fact, George Halas owned the Chicago Staleys, renamed it the Chicago Bears, and played end while coaching. However, current salary cap rules would make it nearly impossible to do that in today’s NFL.<\/strong><\/p>\n\n\n\n

George “Papa Bear” Stanley “Mr. Everything” Halas Sr was unique in American sports history. Like Bo Jackson, Halas played baseball (New York Yankees) and football. But he is mainly known for football, partly due to being an NFL founder. His unique career as a player, coach, and team owner will probably never occur again. NFL ownership rules are complex, and it isn’t just the money.<\/p>\n\n\n\n

Is An NFL Team Owner Allowed To Play On The Team?<\/h2>\n\n\n\n

No rule outright states an NFL player can’t own a team. However, it would be challenging for several reasons, including the salary cap rules.<\/p>\n\n\n\n

The NFL salary cap rules are different from those in the NBA. However, they are complicated, leaving a gray area of what to do if a player owned part of a team. It would require special negotiating, and part of their playing salary might have to come out of their owner equity.<\/p>\n\n\n\n

Another area where a player’s ownership becomes problematic is what that would mean if they were traded or even if they would be allowed to play for another team. As it is, the NFL does not allow owners to own a second professional football team. Thus, a player-owner that’s been traded could be accused of having split loyalties or purposely throwing a game.<\/p>\n\n\n\n

However, the salary cap isn’t the only roadblock to an NFL owning a professional football team.<\/p>\n\n\n\n

Buying An NFL Team Requires More Than Money<\/h3>\n\n\n\n

NFL teams have come to owners in a mirage of ways, nor have they always been tied to great hordes of wealth.<\/p>\n\n\n\n

For example, George Halas<\/a> scooped up his team in 1920 for hundred bucks. In 2022 money, that’s around 1,300 \u2013 1,480 dollars. Admittedly, that’s more than your average American can find under the sofa cushions. But it is a heck of a bargain compared to the cheapest franchise in 2020, the Cincinnati Bangles, which were pegged to be worth 2 billion<\/a>.<\/p>\n\n\n\n

However, you can’t just buy an NFL team, even if you are the type of person with enough wealth to make an impulse purchase worth 40 billion. Owners must also:<\/p>\n\n\n\n