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So its okay not pay taxes as long as its "only" on 200 million?
Teams paid taxes on that 200m when they earned it. Paying taxes again on that 200m is stupid, because those are dues paid to a non-profit (which does NOT make a profit).
Does your chess club do multi-billion dollar royalty licensing? The NFL is not a chess club, they are a business and should be treated as such.
Licensing profits go to the teams. The NFL org does not make any profit. It collects dues from teams, who have already paid taxes on that money.