No, the 'league' moniker is a tax loophole so that this business can avoid taxes. Perhaps if the teams had to pay taxes then players would make salaries that are more down to earth. Multimillion dollar contracts would not be given out regularly if the teams were not profitable, so why should we let them get away with not paying taxes ?
The National Football League takes in more than $9.5 billion per year and is exempt from Federal taxes - yet it stands as one of the greatest profit-generating commercial advertising ever created [source].
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