Could Arena Football represent the outer layer of the professional sports onion? It appears that the minor league of professional football is heading towards an abrupt conclusion.
The term "swelling" used below sums up the last twenty years of salary growth in all of professional sports. It appears that logarithmic growth might have reached its limit.....classic overshoot and collapse?
The AFL opted to suspend operations for the 2009 season December 15, promising to use the year off to resolve major financial problems. One of the big sticking points was swelling player salaries approved shortly after the AFL reached a television agreement with EPSN.
The Arena Football League is teetering on the brink of dissolution, an act that could come by the end of the week and would drag the Dragons down with it - largely against their will.
Since a group headed by Steve and Shanna Silva bought the team from Islanders owner Charles Wang last summer, it consistently has been among those hoping to keep the league afloat, even as a majority of owners voted to cancel the 2009 season and now prepares to file for Chapter 7 bankruptcy. The league and its players agreed on a new collective-bargaining agreement in March, but a majority of owners never could quite agree on a new business model.
Source:
http://www.chicagotribune.com/sports/football/rush/orl-sports-arena-football-league-folds,0,2068837.story
http://www.newsday.com/columnists/neil-best/arena-football-league-on-brink-of-folding-1.1346286
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