How does ownership of the NFL work?

According to wikipedia:



The National Football League (NFL) is the largest Professional Football league in the United States. It is an unincorporated 501(c)(6) association controlled by its members



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I understand that each NFL team has an owner (Steelers - Rooney family, Raiders - Al Davis, Dolphins - Wayne Huizenga, etc.) but I don't understand how the actual NFL entity operates.



When the NFL earns money, does it get distributed to each team?



If the NFL were near bankruptcy, would each team's owner kick in money to keep it afloat or could the NFL itself go bankrupt while each NFL team remains viable and even join a newly-formed league?How does ownership of the NFL work?
yes, they have an agreement that splits the tv money between all members. they are all equal members of the league with equal say and they vote on the commissioner who handles the day to day business of the league and resolves problems between the teams.How does ownership of the NFL work?
I am speculating here, but I think the NFL operates as its own entity. Meaning, if half of the teams in the NFL wanted to create their own league they could. But, the NFL typically owns all of the merchandising and tv/radio rights, meaning they hold the large contracts. I'm pretty sure the teams/players are getting a cut, obviously, but that is how they pull their money in. Prime example is the NFL not letting Chad Johnson change his name on the back of his jersey because of merchandising rights. Technically he could have changed his name but he would have had to purchase every "Johnson" jersey that was currently on the rack. Costing him over 2 millions dollars.

p411