With those paltry salaries, I can't believe Ebersole didn't have each franchise set up escrow accounts to cover player and front office salaries as part of their entrance into the AAF. Hell, even the local ice cream franchise demands that you have 4-6 months of salaries in the bank before you open up a store.
Agreed. Everything about the league makes it seem like it was rushed to come together as quickly as it did, and they were banking on getting through one season and then reeling in big TV deals and investors. Or, to entice the NFL to allow or loan practice squad players.
I'm no business major, but that seems like a horrible model to try to start a football league with.