Jim Cramer: NFL’s Plan for Fall Has Everything to Do With Money

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If you're missing football, you're not alone. Most sports, including football, have been shut down since early March, and fans and players are eager to return to stadiums. But is it safe to?

The NFL and college teams are grappling with this question as they head towards the fall season, especially as new coronavirus cases surge. The U.S. set a record for new cases Wednesday for the fifth time in nine days, hitting 59,400 infections. 

For now, NFL Commissioner Roger Goodell has said games will be played with fans and training camps will begin as scheduled July 28. However, some NFL teams like the Baltimore Ravens, have announced they are limiting in-person fans to help prevent the spread of the coronavirus.

College football is grappling with the spike in COVID-19 as well. North Carolina and Ohio State both paused voluntary workouts after positive tests. The Ivy League became the first Division I conference to suspend its football season. However, other football colleges are planning for games in the fall.

Jim Cramer has a theory as to why, and it has everything to do with money.

In 2018, the NFL took in revenue of approximately $15 billion. And a Power 5 athletic director told Sports Illustrated: “We’re so dependent on football revenue, if we don’t have a season we’re all in trouble.”

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