adcorbett
This F'n Guy
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I Root For: Louisville
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RE: Big 12 Info from Pete Thamel
(12-30-2015 01:26 PM)TexanMark Wrote: To be fair to Louisville's sweetheart deal...UConn Student Fees and State Money subsidized (non allocated revenue) the heck out of UConn's numbers.
Would someone define "sweatheart" deal to me? Because if you pay more to your city for a publicly financed arena for 22 college games , than all but one NBA team (and more than all when naming rights are accounted for), and more than 18 NBA teams COMBINED, I am not sure the term "sweatheart" deal applies. But maybe that is just me?
Code:
Rk Team % Pub Pblc Pledge $ Ttl Pblc Cost Naming Rts Annl Rent* Details on Public contribution Facility Notes
11 Detroit Pistons 0.0% $0 $0 $0 $0 Privately owned Palace of AH
1 New York Knicks 0.0% $123,000,000 $225,000,000 $0 $0 Privately owned Madison Square Garden
34 Milwaukee Bucks 0.0% $0 $0 $1,000,000 $0 Money donated by Pettit family Bradley Center
20 Sacramento Kings 0.0% $0 $0 Unknown $0 Tm on relocation block for a decade Sleep Train Arena
7 Boston Celtics 0.0% $0 $0 $5,950,000 $0 All private money TD Garden
3 Toronto Raptors 0.0% $0 $0 $2,000,000 $0 Privately owned Air Canada Centre
17 Denver Nuggets 3.0% $4,935,000 $68,000,000 $3,400,000 $0 Public contribution in tax breaks Pepsi Center
3 Chicago Bulls 7.0% $12,250,000 $12,250,000 $1,800,000 $0 - United Center No rent, just 10% of ticket revenue to owner
4 Philadelphia 76ers 11.0% $23,100,000 $35,200,000 $14,000,000 $0 Privately owned Wells Fargo Center
2 Los Angeles Clippers 19.0% $71,250,000 $109,000,000 $5,800,000 $0 Arena is privately owned Staples Center Team receives only small
2 Los Angeles Lakers 19.0% $71,250,000 $109,000,000 $5,800,000 $0 Arena is privately owned Staples Center portion of naming rights
33 Utah Jazz 22.0% $20,680,000 $21,000,000 Unknown $0 Privately owned Enerrgy Solutions Arena
8 Washington Wizards 23.0% $59,800,000 $59,800,000 $22,000,000 $0 Infrastructure contributions Verizon Center
13 Phoenix Suns 39.0% $42,100,000 $49,175,000 $866,666 $500,000 - US Airways Center City receives 40% of luxury suite and ad revenue
26 Indiana Pacers 43.0% $78,690,000 $100,000,000 $2,000,000 $0 Tax was in place to provide capital Bankers Life Fieldhouse City is paying Pacers $10 MM per yr to offset loss; pays $3.2 million for parking lot
18 Cleveland Cavaliers 48.0% $72,960,000 $157,500,000 $0 $0 sin tax $3/liq, $0.16/beer, $0.045/cig Quicken Loans Arena
5 Dallas Mavericks 30.0% $125,000,000 $365,000,000 $6,500,000 $3,400,000 5% car rntl, 2% hotel tax American Airlines Center
16 Miami Heat 59.0% $125,670,000 $255,000,000 $2,100,000 $0 City pays bond debt American Airlines Arena rent based on gate receipts
6 Golden State Warriors 25.0% $250,000,000 $400,000,000 $0 Contribution in land and taxes Unanmed
1 Brooklyn Nets 51.0% $511,000,000 $1,100,000,000 $10,000,000 N/A - Barclays Center Details scarce
22 Portland Trailblazers 82.0% $253,440,000 $507,270,000 $0 $0 Privately owned Rose Garden
49 Memphis Grizzlies 83.0% $207,500,000 $546,500,000 $5,000,000 $708,000 - Fed Ex Forum
36 San Antonio Spurs 84.0% $156,240,000 $337,000,000 $2,050,000 $861,000 Tix/prking surcharge of $1.00 AT&T Center No rent, just ticker surchage
19 Orlando Magic 87.5% $420,000,000 $955,700,000 $2,000,000 $1,000,000 Tm given 5 acres of land for dvlp Amway Center
9 Atlanta Hawks 91.0% $193,830,000 $375,000,000 $9,250,000 $0 3% car rental tax Philips Arena
10 Houston Rockets 100.0% $202,000,000 $508,500,000 $4,760,000 $5,400,000 Hotel and car taxes also used Toyota Center $200k of rent is for control of naming rights
41 Oklahoma City Thunder 100.0% $189,000,000 $311,000,000 $3,000,000 $1,642,000 One cent sales tax increase Chesepeake Energy Arena
25 Charlotte 100.0% $265,000,000 $572,000,000 unknown $928,000 City tourist taxes used to help Time Warner Cable Arena Maximum of $23.2 million over 25 years
15 Minnesota Timberwolves 100.0% $164,000,000 $268,000,000 $1,500,000 $0 Includes renovation Target Center
51 New Orleans Pelicans 100.0% $114,000,000 $277,000,000 $4,000,000 $0 Arena built before team Smoothie King Center
48 University of Louisville** 100.0% $238,000,000 $573,000,000 $1,350,000 $3,400,000 arena district tax KFC Yum Center Rent is 10% tix, 12% luxury, + $2 tix surcharge
What's that? Someone was repeating what someone else stated and never bothered to look into themselves? Too bad.
(This post was last modified: 12-30-2015 02:20 PM by adcorbett.)
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