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The PSFL will implement a salary cap that will place average salaries at about $45,000 per player.
The PSFL's director of football operations is Walt Michaels, a longtime NFL coach who also served a two-year stint with the USFL.
It's unlikely Michaels dreams of the PSFL competing with the NFL.
PSFL officials are negotiating with Steelman to lease the facilities for eight home games next year.
He spent two years researching and coordinating the financing for the PSFL, finally instituting a $250,000 franchise fee and a league salary cap that should average about $45,000 per player.
The PSFL CEO has been on a whirlwind media tour of the 10 cities with league franchises, announcing new general managers and owners.
Walt Michaels is one PSFL name most football fans will recognize.
At its meeting held on Oct 21, the Cabinet Committee decided to privatise PSFL to the highest bidder.
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- PSG Institute of Management