Actually I think this would fall under hobby status and was not run for profit. Additionally you could treat it as a for profit company that made no money. Income - Expenses = 0. But really the IRS could care less about something like this that is obviously not for profit 501c3 status or not.
Matt Cassel - 58.9 completion %, 13,495 yards, 82 TD, 57 INT, 24 Fumbles, 80.4 Passer Rating
Alex Smith - 59.3 completion %, 14,280 yards, 81 TD, 63 INT, 36 Fumbles, 79.1 Passer Rating
Do you realize the backups we have to this second coming of Matt Cassel have NEVER EVER thrown a regular season pass.