Big Execs Reminisce On Sports Media Executive Transactions WVU Looking For Luck's Replacement DC United Finalizes New Stadium Approval Rams' Move To L.A. Unlikely For '15 Cuba Decision Could Impact MLB Wojnarowski Profile Alleges Improper Sourcing Constellation, NHL Sign Groundbreaking Pact Year In Review Intro USOC Denies Boston Has Weakest '24 Bid
SBD/November 11, 2011/FacilitiesPrint All
The Bradley Center and the Bucks "have reached agreement on a new one-year lease that covers last season, but the deal also contains a provision in which the NBA team won't get any money until professional basketball resumes," according to Don Walker of the MILWAUKEE JOURNAL SENTINEL. The Bradley Center "owes the Bucks $9.5 million," but in the new agreement, "those payments have been extended further to as late as 2019." The new agreement "establishes a prorated payment plan on all concession, catering and suite-shared revenue payments to the Bucks based on the actual number of games played." At all Bradley Center events, the Bucks "receive 27.5% of concession sales and 13.75% of food beverage sales in the suites." The team also "receives 30% of all merchandise sales at Bucks' games." In addition, the Bucks "pay no rent at the facility." Walker notes the new agreement "basically leaves unchanged most lease terms and conditions relating to suite, concessions and revenue sharing." The Bucks "generate 40% of all revenue" at the facility (MILWAUKEE JOURNAL SENTINEL, 11/11).
Ramsey County officials said that they have "struck a $28.5 million deal with the military to buy the Arden Hills site of a proposed $1.1 billion" Vikings stadium, according to Frederick Melo of the ST. PAUL PIONEER PRESS. The purchase price reportedly "includes cleanup costs and squelches speculation that the cost and cleanup of the Twin Cities Army Ammunition Plant could run as high as $70 million." Vikings Dir of Public Affairs Jeff Anderson said these are "positive developments on the site that we think is the ideal site for the stadium project" (ST. PAUL PIONEER PRESS, 11/11). Vikings Owner Zygi Wilf Thursday said that the team would "spend significantly less than the $400 million it has pledged to help build a new stadium if it's not located on the team's preferred site in suburban St. Paul." Wilf: "We're committed to the Arden Hills site for what it brings to the fans, but we're also committed to investing over $400 million in specific to the Arden Hills site for the experiences that everyone can get from Arden Hills. Any other location besides Arden Hills wouldn't justify near that level of commitment" (AP, 11/10).
Cowboys Owner Jerry Jones and the city of Oxnard, Calif., have "reached an agreement on a three-year deal, which includes an option for three additional years, for the Texas NFL team to once again to set up camp at River Ridge fields," according to Buttitta & Wenner of the VENTURA COUNTY STAR. Oxnard General Services Superintendent Michael Henderson said that "seeing the Saints spend time in Oxnard, and hearing their coach Sean Payton talk about a potential return, pushed Jones and his staff to aggressively pursue the long-term deal in Oxnard." The deal "would have the Cowboys spend anywhere from two weeks to up to 40 days of their 2012, 2013, and 2014 training camps in Oxnard." The Cowboys since '01 "have traveled to Oxnard on six occasions to train." Under terms of the agreement, the city and the Cowboys will "share in the cost of security, field maintenance, fencing and field house maintenance." In addition, the Jerry and Gene Jones Foundation will "donate $10,000 a year to a charity of the city's choosing." Oxnard will "keep all revenue generated by the parking lot fees charged to spectators" (VENTURA COUNTY STAR, 11/10). In San Antonio, Tom Orsborn reports the Cowboys' "five-year, rent-free deal with the Alamodome expired in August, allowing the club to explore other options." A source said that Cowboys coach Jason Garrett and his staff "prefer training in Oxnard, where the layout at the River Ridge facility allows the players to walk from their hotel rooms to the grass practice field" (SAN ANTONIO EXPRESS-NEWS, 11/11).