It doesn't include any of the NON-shared revenue from stuff like marketing that individual NFL teams keep for themselves.
WAS + DAL = over $350M alone.
Add in Kraft and his Gillette Stadium surrounds, that's another $300M easy.
Marketing revenues are the fastest rising source of income for owners and the part the new CBA cut the players almost out of completely in exchage for a slightly bigger piece of the TV money pie.
It's also the part of NFL income that is NOT on the team NFL books, but rather kept in a separate ledger for tax purposes, where even the NFL cannot see it.
Nobody will ever accuse the NFLPA of being MBAs in business - stupit fooks.