An interesting question. In the case of the NFL I'm not sure the teams actually receive any taxpayer money directly. AT&T Stadium, for example, is owned by the city of Arlington, and the Cowboys are just listed as the Operator. Presumably they pay rent, but I would be willing to bet that they got a VERY good deal on their contract to be the Operator. You might amend your proposal to take that into account, but the owners are very crafty dudes when it comes to protecting their bottom line and I'm sure their lawyers would get to work on finding a solution right away.
As for colleges and universities, do you really mean ANY taxpayer money? Practically every one of them in the U.S. receives some kind of taxpayer funds. Aside from State schools like UT, A&M, UNT, Texas Tech, and so forth which are designed to be taxpayer subsidized, virtually every school has some kind of funding for scholarships or research grants which trace back to State or Federal taxpayer funds. So that would probably include every institution of higher education in the country, if that's what you meant. Probably many of them wouldn't be very interesting to watch, but it would be interesting to see how it would be implemented.
College football doesn't really interest me any more anyway, and it seems it just isn't what it used to be. Very few even pretend that the players are there for an education. IMHO it's time for the NFL to just form a minor league like baseball with AAA, AA, and A divisions. Of course the universities would squawk because they would lose a stream of income, but it seems to me completely divorced from what a university is supposed to be about anyway. Just my opinion, and worth what you paid for it.
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