Sports

NFL Decides to Increase Team Debt Limit to $700 Million

League’s debt limit has raised four times in 8 years
Colts Owner Jim Irsay wants limit to be closer to $1 billion

The NFL has long had conservative debt limits, but with the rapid increase in team valuations, it has steadily allowed more borrowing against teams. — The NFL has long had conservative debt limits, but with the rapid increase in team valuations, it has steadily allowed more borrowing against teams.
Photographer: Katelyn Mulcahy/Getty Images

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By Randall Williams

October 18, 2023 at 5:22 PM UTC

NFL owners voted to allow teams an additional $100 million in debt, raising the overall limit per team to $700 million, with the league continuing to adapt to skyrocketing team valuations and rising interest rates.

The decision to increase the debt limit came from Indianapolis Colts owner Jim Irsay, who originally proposed to increase the limit to $800 million but settled for $700 million.