Menu
Leagues and Governing Bodies

Teams staying put will each get more than $53M in relocation fees

They say it’s good to be the king. It’s also good to be an NFL owner who is not relocating.

Presuming the Oakland Raiders pay a $350 million relocation fee, the league will have assessed $1.65 billion in move fees in the last 15 months.

The Los Angeles Chargers and Rams each agreed to pay $650 million. The actual amount is $550 million, but with interest the costs rise because the payments are spread over many years.

Thirty-one teams share in each of the fees, so the first $650 million from the Rams comes to $21 million a club, and the same for the next $650 million. The $350 million breaks down to $11.3 million a club. That means for the 29 teams not relocating, each during the coming decade will reap a bonanza of more than $53 million. That money is not shared with the players.

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Journal/Issues/2017/03/27/Leagues-and-Governing-Bodies/NFL-team-shares.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Journal/Issues/2017/03/27/Leagues-and-Governing-Bodies/NFL-team-shares.aspx

CLOSE