The economic downturn continues to affect the world of sports.
The NFL will cut 150 jobs, or "more than 10 percent of its headquarters staff", in the next sixty days due in part to the crumbling economy. The cuts will affect "its staff of 1,100 in New York, NFL Films in New Jersey and production facilities in Los Angeles."
The league also announced the cancellation of a preseason game in China.
The NFL "will fall at least $50 million short of projected revenue" for this fiscal year, which began on April 1 and will end on March 31.
Source: NFL
