The Redskins have become the NFL's top revenue-generating franchise under owner Daniel Snyder, thanks to the financial benefits of FedEx Field, the Washington Post reported Wednesday.
According to the league's financial records for each franchise, made public during the Oakland Raiders' lawsuit against the league, the Redskins generated a league-best $83.9 million in local revenues in 1999.
NFL teams get to keep most of the local revenues they generate from ticket sales, luxury boxes, concessions, advertising, parking and local broadcast rights fees. Teams share their national television and merchandising income equally, and the home team shares a portion of ticket sales for non-premium seats with the visiting club in each game.
The Redskins received nearly $64.8 million as their portion of shared revenue in 1999, for total revenues of $148.7 million. The Dallas Cowboys were second with local revenues of $76.1 million and total revenues of $142.1 million that season. The Baltimore Ravens ranked fifth with local revenues of $56.4 million.
Snyder has spent more than $70 million on the stadium since he and his partners purchased the team, its stadium and its training facility in Ashburn from the Jack Kent Cooke estate in 1999 for $800 million.
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