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23Jun/114

NFL IN LA: THE DEFINITIVE NFL STADIUM GUIDE

nfl expansion relocationNOTE: YOU CAN FIND AN UPDATED VERSION OF THE GUIDE HEREBy Jaboner Jackson 8 am | As the return of the NFL to Los Angeles looms, the FOOTBALLPHDS continue to analyze the myriad players involved in this complex transaction.  Yesterday, we reviewed the defunct Majestic Realty stadium in the City of Industry and on Tuesday we introduced our readers to Bill Rosendahl.  A couple of weeks ago we analyzed the roles that the NFL, AEG, and City of Los Angeles will have in bringing football to the L.A. (See References at bottom of page.)  Today, we bring you The Definitive NFL Stadium Guide for all 32 NFL teams.  Included in our guide, you will find lease terms, rental payments, ownership structures, and other pertinent facts, all collected in one place so that you no longer have to hunt around for the information.  Using this information and other information directly from AEG, tomorrow we will review the potential tenants for Farmers Field.

Here are some quick hits from below:

  • Only four stadiums are privately owned; the rest are all publically owned.
  • Lease terms generally range from 20-30 years.
  • Rents are generally minimal.
  • All four California stadiums are significantly older than the league average.
  • City politics remains the world’s second oldest profession.

 

TEAM

STADIUM

OPENING YEAR

LEASE TERM EXPIRATION

OWNER

COMMENTS

 

 

 

 

 

 

Arizona Cardinals

University of Phoenix Stadium

2006

2034

State of Arizona

$395 million construction cost of which $261 million was publically financed and $134 million was privately financed.

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Atlanta Falcons

 

Georgia Dome            

1992

2020*

 

 

State of Georgia

*Lease Term depends on the retirement of the debt service on the stadium, which is expected to be 2020 by the State but estimated by the Falcons to be as soon as 2016.

Owner Arthur Blank shares in the profits of the stadium by the State.

Blank wants a new stadium but has not yet played the relocation card.

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Baltimore Ravens

M&T Bank Stadium

1998

2026

State of Maryland (Maryland Stadium Authority)

$224 million stadium cost of which $200 million was publically financed. 

The Ravens pay $1 per year in rent but cover capital expenditures for improvements at the stadium.

Ravens received $50 million at outset of lease.

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Buffalo Bills

Ralph Wilson Stadium

1973

2013

Erie County, New York

Owner Ralph Wilson could have terminated the lease beginning in 2004 for $2 million but has not and remains committed to Erie County.  However, he is 92 years old and a sale upon death is possible depending on estate planning issues.

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Carolina Panthers

Bank of America Stadium

1996

Not disclosed (team owns stadium)

Carolinas Stadium Corporation (Carolina Panthers)

Panthers essentially own their own stadium.

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Chicago Bears

Soldier Field

1924; renovated 2003

2033

City of Chicago (Chicago Park District)

Bears pay $5.7 million per year for lease.

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Cincinnati Bengals

Paul Brown Stadium

2000

2026

Hamilton County, OH

Bengals will pay $7.4 million in rent for the next five years

The publicly owned stadium has been losing money for years and property taxes have been covering the deficit.

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Cleveland Browns

Cleveland Browns Stadium

1999

2026

City of Cleveland

Browns pay $3.6 million in rent.

Stadium pays for almost all game day expenses except for first $250K.

Browns received $30 million upfront at beginning of lease term.

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Dallas Cowboys

Cowboys Stadium

2009

2038

City of Arlington

Cowboys pay $2 million annually in base rent.

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Denver Broncos

Invesco Field

2001

2028

City of Denver

(Metropolitan Football Authority)

The Metropolitan Football Stadium Board wanted six luxury boxes upon completion of the stadium and ended up getting one.  Like I always say: City Politics is the second oldest profession in the world.

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Detroit Lions

Ford Field

2002

2034

Wayne County / City of Detroit

$125 million cost of stadium publically financed and $346 million privately financed.

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Green Bay Packers

Lambeau Field

1957 and renovated in 2003

2030

City of Green Bay

$293 million renovation completed in 2003 for which $160 was publically financed.

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Houston Texans

Reliant Stadium

2002

2031

Harris County, TX

$424 million total cost of which $309 million was publically financed and $50 million was obtained through sale of Personal Seat Licenses.

Texans pay $1.5 million rent annually.

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Indianapolis Colts

Lucas Oil Stadium

2008

2034

State of Indiana

Colts pay $3.6 million in rent.

Colts received $48 million at outset of lease.

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Jacksonville Jaguars

EverBank Field

1995

2030

City of Jacksonville

Jags can only break their lease if without fault if a judge determines that the city has not properly maintained the stadium.  One of the toughest leases in the NFL with payments to break the lease estimated at $60-80 million.

Jags pay $10.2 million in rent.

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Kansas City Chiefs

Arrowhead Stadium

1972 and renovation completed 2010

2031

Jackson County

Renovation cost of $375 million.

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Miami Dolphins

Sun Life Stadium

1987

Not applicable; Team essentially owns stadium

Stephen M. Ross

(owner of Miami Dolphins)

Shared baseball and football stadium for Dolphins and Marlins until this year when Marlins got dedicated baseball stadium.

Owner Stephen M. Ross wants hotel taxes directed towards $225 million renovation.

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Minnesota Vikings

Metrodome

1982

2011

State of Minnesota

(Metropolitan Sports Facilities Commission)

$4 million in annual rent has been waived by stadium for past few years.

Two competing stadium proposals for new stadium: City of Minneapolis and Ramsey County.  Ramsey County remains the frontrunner as of this writing. 

AEG likely to play a management role for the new stadium in Ramsey County.  

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New England Patriots

Gillette Stadium

2002

2026

Kraft Sports Group

(Robert Kraft, owner of the Patriots)

$406 million total construction cost of which $336 million was privately financed.

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New Orleans Saints

Louisiana Superdome

1975

2025

State of Louisiana

(Louisiana Stadium/Expo District)

Saints signed lease extension in 2009.

Saints receive $6 million annually (maximum) from Louisiana to play in the Superdome.

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New York Giants

New Meadowlands Stadium

2010

2032 with opt options beginning in 2022

State of New Jersey (New Jersey Sports and Exposition Authority)

Naming rights expected to be $1 billion over 30 years and split between Giants and Jets.

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New York Jets

New Meadowlands Stadium

2010

2032 with opt options beginning in 2022

State of New Jersey (New Jersey Sports and Exposition Authority

Naming rights expected to be $1 billion over 30 years and split between the Giants and Jets.

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Oakland Raiders

O.co Coliseum

1968 with renovations in 1996

2013

City of Oakland and Alameda County

Raiders made no upfront contribution for their return to Oakland while the City of Oakland paid $100 million for the stadium project.

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Philadelphia Eagles

Lincoln Financial Field

2003

2032

Philadelphia Eagles

$520 million cost of which $330 million was privately financed and $190 million was publically financed.

Several lawsuits between the Eagles and the City of Philadelphia have worked their way through the legal system regarding payments and debt obligations.

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Pittsburgh Steelers

Heinz Field

2001

2030

City of Pittsburgh and County of Allegheny

$234 million construction cost with $138 million publically financed.  $42 million was financed through Personal Seat Licenses on the private side.

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San Diego Chargers

Qualcomm Stadium

1967

2020*

 

 

City of San Diego

*Chargers can break lease with early termination fee that is currently $24 million

Stadium operating at $10 million loss annually.

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San Francisco 49ers

Candlestick Park

1960

2015*

City of San Francisco and County of San Francisco

Niners have an option to opt out of the lease in 2014

Proposed new stadium in Santa Clara likely if ownership does not change.

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Seattle Seahawks

CenturyLink Field

2002

2031

State of Washington

$465 million in construction cost of which $296 was publically financed and $169 was privately financed including $100 million from owner Paul Allen.

Seahawks pay $850K annually in rent.

State referendum for stadium financing barely passed 51 to 49 percent even though Allen paid $5.4 million promoting the referendum.

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St. Louis Rams

Edward Jones Dome

1995

2024*

City of St. Louis

(St. Louis Regional Sports Authority)

*Rams have an out clause in their lease for 2014.

Rams pay $3.6 million in rent.

Rams received $30 million at outset of lease.

$257 cost of the stadium of which 100% was publically financed.

Stan Kroenke is majority owner since 2010.

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Tampa Bay Buccaneers

Raymond Jones Stadium

1996

2025

Hillsborough County, FL

Bucs pay $3.5 million annually in rent.

$168 million cost of which $153 million was publically financed.

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Tennessee Titans

LP Field

1999

2024

City of Nashville and Davidson County

Titans pay $1 million rent annually.

$292 million construction cost of which $220 million was publically financed.  Almost all of the $72 million in private financing was from the sale of Personal Seat Licenses.

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Washington Redskins

FedEx Field

1997

2026

Daniel Snyder

(Owner of Redskins)

$259 construction cost of which then owner Jack Kent Cooke financed $189 million.  The remaining was publically financed through civic upgrades.

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References:

NFL in LA: Majestic Realty

NFL in LA: Bill Rosendahl

NFL in LA: Mockery of Public Process

NFL in LA: Wrap-up and Comments

NFL in LA: Forecasting the Future

NFL in LA: Expansion Versus Relocation

NFL in LA: The AEG Side

NFL in LA: The NFL Side

NFL in LA: The City Side

 

jaboner@footballphds.com

Comments (4) Trackbacks (0)
  1. If the Bills are pretty much done with their lease and Buffallo cannot support a team realistically because of economic factors then they HAVE to be the front runners for coming to LA. I know the CEO came out recently and said AEG hasn’t contacted him but CEOs are supposed to finesse situations and there’s no reason for him to admit anything.

    Otherwise San Diego looks like a possible relocation team.

    The thing that is hard to understand is that if California has all aging stadiums then why are team still playing here? How much do these teams actually make in a year?

  2. Falcons as second team for Farmers Field after completion of stadium if lease can truly end in next few years?

  3. Lame. Show me some Boing! charts.

  4. “Colts received $48 million at outset”

    What exactly does that mean? For what was this fee paid?


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