NFL Labor: Bob McNair’s Words Ring Hollow while NFL Books Still Closed

April 14, 2010   ·   Michael Schottey   ·   Jump to comments

According to Houston Texans' owner Bob McNair, the NFL needs a bailout, and NFL teams are running out of money.
When asked why teams were not spending on free agents, McNair replied, "Most teams are stressed economically and do not have the money."
In today's economy, this is a believable statement, even coming from one of America's richest men.
Bob McNair was wealthy long before the Houston Texans—electricity, real estate, and biotechnology investments gave him more than enough money to bring the league's 32nd team to Houston.
Since that time in 2002, the Texans have not won a championship, and are just now developing into a playoff-caliber team. Yet, even without great success on the field, the team has been extremely successful financially.
Forbes.com estimates the worth of the Texans at $1.2 billion—thanks in large part to the success of the Houston economy and the new car smell that still permeates Reliant Stadium.
But, that dollar amount...

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