AAF suspending football operations: reports

The Alliance of American Football appears to have met its maker.

Just a few weeks after launching, the AAAF required a huge infusion of cash to keep going. Tom Dundon, who owns the NHL’s Carolina Hurricanes, is serving as chairman of the AAF’s board of directors – with unilateral decisions-making power – after making a $250-million investment into the league.

The Athletic website reported in February that the league was struggling to make payroll and that its “existence was in jeopardy” before Dundon stepped forward with a quarter-billion dollar commitment. The AAF was reportedly losing tens of millions of dollars a week.

The AAF consists of eight teams and features a collection of former NFL, CFL and college players. The standard AAF player contract covers three years and would have paid $250,000 USD – $70,000, $80,000 and $100,000 – in base salaries over the deal. Players could have earned more with bonuses.

Dundon had put $70 million into the league through eight weeks and the AAF would require another $20 million to get through the rest of its schedule, two more regular seasons weeks and four-team playoff and championship game.

The AAF sent out an email to league employees.