Vince McMahon's announcement that the XFL will return in 2020 has aroused the curiosity of many people. It came at a perfect time because there was a renewed interest in the subject thanks to ESPN's 30 For 30 documentary on the deferred football league. Although the XFL only lasted one season and got worse reviews every week, some people had a penchant for nostalgia.
Rethinking an idea like the XFL is an expensive proposition, so Vince McMahon sold $ 100 million worth of WWE stock in December 2017 to fund the league. This may have been a good start, but ESPN reports that Vince McMahon informs insiders that he will indeed spend nearly $ 500 million in the revised football league in the first three years.
Oliver Luck was announced as CEO of XFL on Monday will officially move into his offices opposite the WWE Titan Towers. The league has still not selected cities to play in, but they are already selling goods from the XFL online store. This type of early exposure could greatly help and determine interest, but there is much more to do and too much money.
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Oliver Luck said that player salaries average around $ 75,000. Players with a higher demand make more than the average, but the salaries of the players and coaches are the biggest costs for the league. The $ 75,000 average is well above the last incarnation of the XFL, where players normally earn around $ 45,000, but it's still a long way from the NFL paydays.
Another big issue for the XFL will require its insurance to work. You need to protect the assets of the league and a proper insurance plan is vital to any plan of this scope and content especially with this type of injury risk.
"I was at every level of football, and the importance of a broad-based insurance program can not be underestimated," Luck continued, discussing further major costs for the XFL. "There are very few participants who draw more for this market and it is obviously expensive."