The AAFL Needs Some Cash!

To run a successful sports league there are two very important items. The first is the staff. You know, players, coaches, referees, etc. The second is cash. The All-American Football League has had no problem with the first one, as was evident during their inaugural draft. However, they seem to be having a slight problem with that second part.

The new All American Football League will have to postpone its 2008 season unless it finds additional financial backing.

The announcement Thursday came less than a week before camps were to open for the six-team league.

Now, I know that there are a lot of football fans out there with deep pockets, but I just can't see too many of them putting up thousands of dollars to keep the AAFL afloat. Though, maybe someone should let Ben Bernake of this dire situation because apparently the problems are tied directly to the subprime mortgage crisis.

In an attempt to secure kickoff of its inaugural season as well as its long-term future and success, the All American Football League® has begun discussions to explore multiple financing options.

Since inception, the League's finances have been indirectly tied to the $300 billion federally guaranteed student loan asset backed securities market. In August, the sub prime mortgage crisis began spreading into other sectors such as municipal bonds and federally guaranteed student loans. The situation, which was considered to be temporary at the time, has continued to worsen.

Despite the fact that the Federal Reserve has repeatedly lowered interest rates during this financial crisis, their efforts have not yet restored liquidity in many asset backed markets, including municipal bonds and student loans.

The League held its inaugural draft in January, and the team rosters and staffs are all in place. All teams are scheduled to open training camp Wednesday if liquidity can be immediately restored.

Every effort is being made to insure that the '08 season will be played as planned, but this depends upon a locating new majority owner with the needed liquidity, which in turn depends upon the League being able to finalize a TV deal. Otherwise, the inaugural season will be postponed to '09.

In all seriousness, I've dealt with the AAFL, and I've never had any problems with the people that I interacted with. They all wanted to put together a competitive football league where players could continue their careers, and fans could enjoy watching some quality games. Hopefully they can get this financial situation worked out, and I wish them nothing but the best.

Eugene Gross, Heading Back To School For The AAFL

I'll admit, when I first heard about the AAFL, I was a bit skeptical. Though, it's hard not to be when you look at all of the different football leagues that have popped up and then folded throughout the years. However, the same was probably said about the AFL when they started, and look what that's become.

The more I read and hear about the league, and the more interaction that I have with the people working hard to make this league a reality, the more excited I get to see this thing kick off next spring. It's also made me hopeful that a number of former athletes will return to their former college or university to get their degree. Athletes like Eugene Gross.

Gross was a very successful running back for the Middle Tennessee State Blue Raiders, starting at tailback all four years. Despite being able to run and catch the ball well(he holds the MTSU record of total receptions by a running back), he went undrafted following the completion of his senior season this past year. Gross views the AAFL as his way to continue playing football, but there's one problem. He doesn't hold the four year degree from his college that is required by the AAFL. So he's heading back to school to pick up the 13 credit hours he needs for his diploma so that he can continue playing the game he loves in a professional league.

Former MTSU running back Eugene Gross has an additional incentive to finish his degree. Gross wants to play in the new All-American Football League, but it requires players possess a four-year degree.

Gross, who recently earned his real estate license, lacks 13 credit hours to graduate with a bachelor's degree in sports psychology. The All-American Football League is set to start in 2008.

"I want to put the pads on again because I've still got the love for the game in me," said Gross, MTSU's all-time leader in receptions among running backs.

"My agent is trying to get a tryout set up for me, but I've got to focus on school so that I can graduate in December and keep playing."

And while getting fans to come to the games is a great indicator of the league's success, if they can motivate former student-athletes to go back to school to finish their degree requirements that might ultimately be the most successful aspect of it.