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Your 3.1 billion number does not match with the numbers provided on page 2The thing is that the broadcast rights jumped exponentially in 1998. Fox broke the bank in 1993 and paid at the time that $395 million a year for the NFC rights, ABC paid $230 million, NBC paid $217 million, and ESPN and TNT paid a total of $255 million for the Sunday Night games. The total compensation was $1.1 billion a year.
In 1998, Fox paid $550 million a year, ABC paid $550 million a year, CBS paid $500 million a year, and ESPN paid $600 million a year under the new contract for a total of $$2.2 billion a year. So the TV revenues doubled.
In 2006, the new TV deals have CBS paying $622 million a year, Fox paying $712 million a year, ESPN paying $1.1 billion a year to get Monday Night Football, and NBC paying $650 billion year for a total of $3.1 billon. So the increase on this contract was slightly less than the deal in 1998. So no one should have expected more than a one or two year massive increase in the cap.
http://www.nflpa.org/pdfs/NewsAndEvents/TheAudible/Mar06Audible.pdf