• Loading stock data...
Saturday, March 2, 2024

NFL Debt Limit Increase Not As High As Anticipated

  • The NFL increased the amount of debt team owners can have to $700 million.
  • Some thought the league should make that figure as high as $1 billion.
Syndication: The Indianapolis Star

Amid skyrocketing NFL franchise valuations and rising operating costs, team owners are getting a little extra breathing room on the financial side of things — but not quite as much as some wanted.

At this week’s NFL fall meetings in New York, the league decided to allow existing owners an additional $100 million of debt. 

The ceiling now increases from $600 million to $700 million, but there was some discussion of raising that figure ever higher. The NFL owners’ finance committee had reportedly been exploring allowing up to $1 billion of debt. 

“I thought it should be closer to $1 billion,” Indianapolis Colts owner Jim Irsay said after the decision was made. “We’re always granting special waivers anyway — I’d rather see a higher debt limit in general.”

Still, the new $700 million figure is quite staggering when compared to recent years. In 2015, the debt limit was only raised from $200 million to $250 million.

Also under consideration was increasing incoming owners’ debt caps from $1.1 billion to as much as $1.6 billion. However, any new potential owners will simply see the same $100 million increase and will be allowed to carry $1.2 billion. Josh Harris’ group used $1 billion in debt to facilitate the recent $6.05 billion purchase of the Washington Commanders. 

Many anticipate that the Seattle Seahawks could be the next NFL franchise to be sold in the coming years — and with a recent valuation of $5 billion, any bidders may have to make full use of the new debt limits.

Copy Link
Link Copied
Link Copied

What to Read

Aug 15, 2019; Baltimore, MD, USA; Chain crew members walk on the field prior to the game between the Green Bay Packers and Baltimore Ravens at M&T Bank Stadium.

Football Is Finally Getting With the Times, Technologically Speaking

Helmet communications in college and first-down technology in NFL could be coming.

MASN-Comcast Negotiations: Big Implications for TV and MLB

Orioles-controlled RSN continues to negotiate with dominant local cable carrier.
Max Verstappen. Christian Horner

Formula One Is Back After a Particularly Spicy Offseason

Formula One begins its 2024 season with Saturday’s Bahrain Grand Prix.

NFL Combine Is Buzzing With Talk of Nearly $1B in Extra Cap Space

The 2024 NFL salary cap is $255.4M per team, a $30M-per-team jump over last season.
podcast thumbnail mobile
Front Office Sports Today

Jenny Cavnar is Breaking Barriers During Oakland’s Strange Season


Featured Today

Sheer Madness: What You Need to Know About MLB’s New Uniform Saga

MLB’s reworked uniforms have become a major source of spring training controversy.
Oct 5, 2021; Kansas City, Missouri, USA; Bob Kendrick, president of the Negro Leagues Baseball Museum in Kansas City, points to the lettering outside of the museum Tuesday.
February 28, 2024

How Do You Keep Negro Leagues Baseball History Alive? Put It in a Video Game

Negro Leagues Baseball Museum attracting increased donations, visits from ‘MLB The Show.’
February 26, 2024

The Victor Wembanyama Rookie Card Market Hasn’t Matched His Hype

A cooling market and Fanatics autograph deal leaves big-money collectors waiting.
February 25, 2024

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers
Anthony Kim

Can LIV Golf’s Bid to Bring Back Retired PGA Tour Star Succeed?

Anthony Kim will compete on LIV Golf the rest of the season.
Amanda Vandervort
February 26, 2024

With the NWSL Thriving, Is There More Room at the Top in Women’s Pro Soccer?

The USL Super League has received D-I sanctioning from U.S. Soccer.
February 28, 2024

NFLPA Report Cards: Dolphins Best, Commanders Worst

The NFLPA released its second annual team report cards.

How LivePass is Redefining Ticketing for the Next Generation of Fans

The next wave of ticketing technology.
February 26, 2024

Unsigned MLB Stars Spark Tension Between Teams, Players, and Union

Nineteen teams are currently projected to open the 2024 season with reduced payrolls.
NFL salary cap
February 23, 2024

NFL Salary Cap Sees Historic Spike Ahead of 2024 Season

Each franchise was allotted $255.4M, which is a $30M increase for each team.
February 23, 2024

Despite Nike’s Efforts, MLB Uniform Controversy Isn’t Looking Good

Manufacturer touts product benefits but ignores complaints of see-through fabric.
MLB Arizona
February 22, 2024

MLB Seeks Minimum Wage Exemption in Arizona

The system is for minor league players due to a previously agreed-on labor agreement.