I find it hard to belive that the Arena Football League is going out of business, but it looks like that's the case. The league finally seemed to turn the corner in the last couple of years, what with the NBC deal and relative stability in franchise locations.

While I can't say that I know anything about the underlying financial causes of the collapse (other than blaming "the economy"), I tend to think the league was a victim of its own success (so to speak). I know I found myself less interested as the league became more mainstream, and once the Elway Rule brought in free substitution, the league lost the ironman image that was such a key part of its identity. What you had, then, was NFL Lite, and who wants to watch that?

Perhaps the more amusing aspect of this is that af2, the AFL's minor league, never shut down and appears to be going one place its parent league isn't - 2010. While I assume this has somethign to do with the relatively lower cost of running the league, it should also be noted that there's no Elway Rule in af2. Coincidence?