SportsBusiness Daily — Sports Business Resources — your sports business news and information source. Learn More
Advanced
Home About Us Advertise With Us Marketplace/Classifieds College & University Program Subscribe/Trial My Account

Thursday
May 1, 2008
Print This Issue


 
MOST VIEWED STORIES
View the top 20 stories
 
Recent Issues
Collegiate Sports

NCAA Agrees To Keep CWS In Omaha Through At Least 2030

College World Series To Begin Play
In New Ballpark In Omaha In 2011
The NCAA and College World Series of Omaha Inc. (CWS) yesterday reached an agreement to keep the CWS in the city through at least 2030, according to Kotok & Sloan of the OMAHA WORLD-HERALD. The deal includes the construction of a $140M ballpark, set to be completed by 2011. While the exact length of the contract "is still being negotiated," it is "possible the final contract could be for 25 years." The agreement, dubbed a "memorandum of understanding, won't be finalized until" top NCAA officials approve it, which is expected to happen in the next several days. The deal is the longest contract for a city to host a "major" NCAA championship. Omaha has hosted the CWS since 1950 with a "series of one-year to five-year contracts." Omaha City Councilman Garry Gernandt said that while the length of the agreement is "something of a coup for Omaha, it's also a sign that the city should embrace the plan for a downtown ballpark." The city council still must approve "several details involving the construction" of the park," but Omaha Mayor Mike Fahey said that he is "pleased with the financial aspects of the agreement, which are intended to protect taxpayers." As part of the deal, revenues generated by the new ballpark "first would be used to make annual payments on the construction debt." Then "stadium and CWS operating expenses would be paid, followed by payments to a capital improvement fund for future repairs" to the ballpark, and any "leftover funds would be shared with the NCAA" (OMAHA WORLD-HERALD, 5/1).


Get A Free Trial To SportsBusiness Daily

Reader Comments

To post comments on this article, log in or register for a free trial.

Related Stories By Company Related Stories By Sport
NCAA HQs Will Receive $35M Expansion
November 2, 2009 : SportsBusiness Daily

Presidents: Coaches' Salaries Excessive
October 27, 2009 : SportsBusiness Daily

Tough Year For NCAA Merchandise
October 15, 2009 : SportsBusiness Daily

Cotton Bowl To Host Dallas Football Classic
October 14, 2009 : SportsBusiness Daily

Frozen Four Capacity 36,000 At Ford Field
October 9, 2009 : SportsBusiness Daily

UCF-Adidas Spat May Head To Court
November 6, 2009 : SportsBusiness Daily

WAC Hires PR Firm To Help Boise State
November 5, 2009 : SportsBusiness Daily

ESPN Interested In March Madness Rights
November 5, 2009 : SportsBusiness Daily

Jordan Wears Nike; adidas Ending UCF Deal
November 5, 2009 : SportsBusiness Daily

NCAA HQs Will Receive $35M Expansion
November 2, 2009 : SportsBusiness Daily

ALSO IN THIS SECTION


A Publication of Street & Smith's Sports Group.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (REVISED 2009-06-23) and Privacy Policy (REVISED 2009-06-23).

© 2009 Street & Smith's Sports Group and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Street & Smith's Sports Group.