Generally speaking the majority of professional sports teams are profitable. To offset the usually high contracts of professional athletes, TV revenue for playing the teams on local and even national stations brings in allot of money, helping make the sports team profitable.
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Pro sports is also called professional sports. Example includes Basketball, soccer, Rugby, and tennis. Sports is a big business and involves lots of money, from sponsorship, advertisement, to TV rights. And this money are shared along to the players.