Seahawks To Add 1,000 Seats To CenturyLink Field Progressive Field Renovations On Track Benson's Daughter, Grandchildren Argue Manipulation Will Publicly Owned Stadium Deter Kroenke? Poll Shows Support For New Bills Stadium Chargers Deny Reports Of Planned L.A. Stadium Bulls, Blackhawks To Build Office Complex Benson's Family Strikes Back With Suit Mayor Backs Blackhawks' Proposed Practice Facility Benson Transferring Ownership Stakes To Wife
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SAINTS DEAL HAS UNIQUE "ESCAPE CLAUSE"
Published October 7, 1994
In an examination of the new stadium deal between the Saints and the Superdome, Jeffrey Meitrodt writes that an "unusual part" is the escape clause. If, for whatever reason, the team leaves New Orleans before 2006, Saints owner Tom Benson would have to pay $25M, after which the penalty would decline by $1M per year providing for a minimum penalty of $13M. Under the previous deal, the most Benson could be penalized was $1M. The new lease runs through 2018 (New Orleans TIMES-PICAYUNE, 10/6).