The PSFL (Professional Spring
Football League) existed for roughly five months. The PSFL folded ten days before the season opener. Red, white, and blue
league was born on November 1, 1991, at a news conference in New York City the same room as the defunct spring league the
USFL. Founded by Vincent Sette, a computers salesmen, was also the leagues first and
only President. The league had no media coverage, no television, or radio deals in the work for the first season. Basically,
another shot at ill-fated attempt by the WLAF under a new regime. The players, were to be paid 40,000 a season under a 2 million
dollar salary cap along with extra million salary cap, for non-player expenses. Teams would need to average 20,000 fans per
game to break even.
Originally, nine teams were announced and another
team would be announced at later date set to play a 16 game schedule. Albuquerque, Boston, Columbia, Las Vegas, Little Rock,
Miami, Portland, Tampa Bay, and Salt Lake City. The PSFL, added Washington as the tenth and final team.
Franchise fees set at $250,000, rosters at 43 active players and 7 on developmental squad,
and commissioner, Rex Lardner, in place, the league was ready to head to training camp. The individual teams didn't sign players
since the league owned the franchises. The league offices and assigned teams who had regional appeal; college location near
Judge Peter Spivak and Walter Michaels from
the USFL, were Chairman of the Board and Director of Football Operations, would take their knowledge to the new league. February
29, 1992, would have been a historical day, being the leagues’ first game would be played between, Utah and Tampa Bay
in Tampa Bay.
The leagues’ championship game would be
known as "Red, White, and Blue Bowl" on Sunday, January 5, 1992, in Washington D.C. at RFK Stadium. The 1992 season
never made it to the field nor the papers. The league folded ten days before the season opener on February 19, 1992, during
training camp. The worst part was Miami closed shop early; leaving the league at 9. The rosters were also being trimmed down
to 60 before the plug was pulled. PSFL, probably won't be remembered by anybody other than few diehard football historians.