Paying the bill for the Patriots

According to non-other than, the New England Patriots are worth $2.6 billion and are owned by Robert Kraft whose personal wealth is conservatively measured at $4.1 billion. The Patriots franchise ranks # 2 in value among NFL teams behind only the Dallas Cowboys with annual revenue of nearly $500 million. Robert Kraft bought the franchise in 1994 for $172 million. All this data was compiled by Forbes in August of 2014 - before their latest Super Bowl victory which has only increased their worth and his.

As a result of the “DeflateGate” controversy and the NFL’s decision to punish the Patriots and Tom Brady personally, tempers have flared on many sides of the controversy. The NFL has suspended Tom Brady without pay for the first four games of next season, fined the Patriots a record $1 million and  stripped them of their first-round draft pick in 2016 and fourth round pick in 2017.

What has transpired as a result of this controversy and resultant punishment leveed by the NFL front office speaks to a theme that is both pure sports and pure economics. Ardent Patriot fans have wasted no time in setting up a website on GoFundMe titled: “Paying the bill for the Patriots.” New England fans are rallying around Tom Brady and their team in an effort to raise $1 million dollars so the franchise won’t have to come up with the cash. Over 500 fans have committed to donating nearly $8,000 in total thus far. I am not kidding.

New York Jets fans have taken on this cause from a slightly different angle. The Jets have been on the losing end of this relationship for years. There is no blood lost by Jets fans at any misfortune that befalls their archrival Patriots. Seemingly overnight, 10 billboards in high traffic areas in the New York City metro-area have been plastered with messages meant to taunt Patriot fans and cast dispersions at Tom Brady’s character. I am not making this up.

If consumers have this kind of disposable income to waste, how far away can we be from a full and complete recovery in every sense of the economic word. Additionally, how far away can we be from interest rate normalization?

By the way, I have no stake in this scuffle. I am a New York Giants fan and season ticket holder my entire life. My family made certain of that. My grandfather and godfather, C.J. Devine, was a very close friend of Tim Mara when be founded the New York Giants in 1925.


Hump Day Hunks

Love When A Tight End Humps His Quarterback. Love It, Too, When A Quarterback Humps His Tight End!

Woof, Baby!

Jets cornerback Darrelle Revis marks his return to New York on this week’s Sports Illustrated cover, recreating an iconic image of Hall of Fame quarterback Joe Namath that appeared on the cover 50 years ago. This week’s cover was shot in Times Square, the site of Broadway Joe’s “Football Goes Show Biz” cover in July 1965. (James Drake and  Gregory Heisler for SI)

(VIDEO) Behind the shoot: Darrelle Revis recreates Namath cover


July 18, 1971: “For the Jets, happiness was having their quarterback in training camp on opening day today for the first time in three years,” The Times reported on the occasion of Joe Namath’s return from a wrist injury, where he talked in the locker room with Weeb Ewbank, the coach. Namath was all enthusiasm that season, as opposed to the previous one: “This year I want to play; last year I didn’t.” But a preseason injury delayed his season debut until the third quarter of a game in Week 11, which the Jets lost to the San Francisco 49ers. Photo: Barton Silverman/The New York Times