Now that the Brexit vote is official, most of us on this side of the pond are left wondering how this will affect America's Team. I have examined the contours of the looming Brexit, and come up with the top five things you need to know about how the Brexit will affect the Jacksonville Jaguars.
1. Pounds down, salary cap up
As was predicted by those following the Brexit, the British Pound took a nose dive following the news that a majority of Brits voted "Leave" over "Remain." The Pound dropped by 11% and hit a 31-year low against the U.S. Dollar. What does that mean for the Jaguars?
MORE CAP SPACE.
If one British Pound is equal to 1.36 U.S. Dollars, then the Jaguars' $40,871,168 is now worth just over $55,584,788. This is in large part due to Jaguars exclusive marketing rights in the UK. The math checks out.
2. A Jagxit?
As the team hand selected by Her Majesty to be the face of American Football in the UK, the Jaguars are now free to choose whether to operate independently of the other 31 NFL teams. Thanks to a clause in the agreement to play one home game a year in the UK, the Jaguars -- after the Brexit referendum -- are now free to exit the NFL and operate independently, while still playing an NFL schedule.
If they choose to exercise this option, however, the Jaguars will no longer share in the NFL revenue. I don't think they will chose a Jagxit, but the choice is there.
3. Royal promotion
The Jaguars signed Prince Amukamara this offseason. Does Brexit put Prince in line to be the King of England? Some experts say this may actually be the case.
4. Raiders to London
Brexit means that Jason La Canfora's 2021 prophecy is officially defunct.
@TommyWSpratley re-read the column. Ain't a damn thing changed. Check back with me around 2021— Jason La Canfora (@JasonLaCanfora) June 19, 2013
After all, La Canfora's prediction did not foresee Boris Johnson being the man in charge. Judging simply on the similarities in the appearance of Mark Davis and Boris Johnson, the Raiders are now officially the frontrunners to be the UK's full-time franchise.
5. No more Jag-wires
Brexit also means the end of British folks telling some of us we are pronouncing "Jaguars" incorrectly. Now that Brexit is official, we are free to pronounce "Jaguars" however we want.
Brexit also means the UK lost its authority to tell the rest of the world how to say words. This is good news for head coach Gus Bradley, who has had very public struggles with pronouncing "Jaguars".
In all seriousness...
The NFL has seen London as a front door to the rest of Europe for the last decade. If and when the UK leave the EU, that will likely change and the NFL will reconsider what city (or cities) are the best gateways to Europe in the future. Or it could swing the opposite way, now that the NFL only needs to negotiate with the UK for the possibility of international expansion.
As far as how Jaguars President Mark Lamping views Brexit as it relates to the franchise:
"I don’t think there’s any question it’s too soon [to say how Brexit affects us]. That Brexit situation is going to take a couple of years to sort itself out, so there is probably going to be some uncertainty just because of the unknown. But what happened yesterday doesn’t change in any way our commitment to play games in London. It doesn’t change in any way the fact there are three NFL games in London this year and all three of them are sold out. So we’ll be following it just like everybody else, but this isn’t something that all of the sudden from one day to the next you are going to see a major change. It’s going to take a couple of years to sort this out."
In short, it creates more uncertainty around something that was already uncertain. The NFL could choose one of two paths to take after Brexit: look for other countries and cities in the EU to use as a gateway to the rest of Europe, or use the added flexibility of a non-EU UK to host its inaugural international expansion franchise.