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Now that they are done screwing fans they turn on themselves.
NFL begins process to establish LA relocation fee
In another indication of the growing momentum to have an NFL team in Los Angeles, the league has begun the process of establishing a relocation fee for the team — or teams — that might move to LA for the 2016 season, Jim Thomas of the St. Louis Post-Dispatch reports.
“We’ve engaged an outside firm to help us look at various ways to analyze it,” NFL executive Eric Grubman said at least week’s owners meetings in San Francisco. “Which is not to say our finance staff is not capable of doing any of the analysis. But sometimes it’s good to have an independent mind take a look at it.”
The fee, Grubman said, could vary from market to market. The Rams in St. Louis, the Chargers in San Diego, and the Raiders in Oakland are all eyeing a possible move to LA after the 2015 season. When all is said and done, there could be a formula developed to set the fee. Or there simply could just be a flat fee determined.
“We’re not very far along in that,” Grubman said. “It’s sort of designing the analysis, and we’re debating the different ways that it could be looked at and the different time frames that could be looked at.”
The relocation fee is designed to compensate club owners for allowing another team to move into a new, lucrative market and basically gets split up among the other teams. It has been estimated that the relocation fee for a Rams move back to LA could be in excess of $500 million for team owner Stan Kroenke.
Grubman said any relocation fee probably wouldn’t be determined until very near the end of the entire relocation process.
“Anybody’s who’s getting into it or asking for a vote would be understanding of what it is,” Grubman said.
NFL begins process to establish LA relocation fee
In another indication of the growing momentum to have an NFL team in Los Angeles, the league has begun the process of establishing a relocation fee for the team — or teams — that might move to LA for the 2016 season, Jim Thomas of the St. Louis Post-Dispatch reports.
“We’ve engaged an outside firm to help us look at various ways to analyze it,” NFL executive Eric Grubman said at least week’s owners meetings in San Francisco. “Which is not to say our finance staff is not capable of doing any of the analysis. But sometimes it’s good to have an independent mind take a look at it.”
The fee, Grubman said, could vary from market to market. The Rams in St. Louis, the Chargers in San Diego, and the Raiders in Oakland are all eyeing a possible move to LA after the 2015 season. When all is said and done, there could be a formula developed to set the fee. Or there simply could just be a flat fee determined.
“We’re not very far along in that,” Grubman said. “It’s sort of designing the analysis, and we’re debating the different ways that it could be looked at and the different time frames that could be looked at.”
The relocation fee is designed to compensate club owners for allowing another team to move into a new, lucrative market and basically gets split up among the other teams. It has been estimated that the relocation fee for a Rams move back to LA could be in excess of $500 million for team owner Stan Kroenke.
Grubman said any relocation fee probably wouldn’t be determined until very near the end of the entire relocation process.
“Anybody’s who’s getting into it or asking for a vote would be understanding of what it is,” Grubman said.
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