Mostly true but you should then take college football revenue in the US into account.
I think your point is totally fair though in that my description of NFL as a monopoly isn't as comprehensive as I expected. From what I can find, CFL revenues are about $213M , and US college football is $3.4 billion. CFL is pretty close to being a rounding error compared to the NFL, but college football is a definitely a significant presence. I think I'd say a market where one entrant commands almost 80% of the revenue is pretty close to being a functional monopoly, but not entirely, so I should have accounted for that.