If the Jacksonville Jaguars’ prospective new owner wants to move the team to a new city before 2030, he’d have to pay the city millions of dollars to get out of its lease for EverBank Field.
The team could avoid paying a lot of those penalties — which could total more than $100 million — if it lost money one year and was below the NFL’s revenue average the following two years.
The team has not publicly disclosed its revenue, but Jacksonville is one of the smallest and least profitable National Football League markets, so the latter condition is likely already the case.
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If the team can show it has lost money for a year and had below-average revenue the following two years, though, that payout gets cut by about 40 percent.
Read more at Jacksonville.com:
http://jacksonville.com/sports/footb...#ixzz2ZJplE1mI
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