Left at 2-1 to go see The Disaster Artist (really good movie). Did a triple take at the score when I got home lol
Winning does bring fans but is relocation still possible? The building looks scary empty most of the time.
On December 8th 2015 by a 5-3 vote Broward County agreed to provide the Panthers a financial package for 86 million to keep the team in Florida until 2028. Panthers ownership has an outclause (I believe it's July 1st 2023, where they are able to opt out of the last 5 years of the deal at a termination cost of 72 million). This is contingent on there being 100 million in losses through the 1st 7 seasons (a certainty). Florida also has to give (iirc) 1 year notice, so in 2022 you'll know if it's their last year. It's a ridiculously front loaded deal
Year Annual Cumulative
1 2015 2016 12,000,000 12,000,000 18,000,000 Not Applicable
2 2016 2017 12,000,000 24,000,000 30,000,000 Not Applicable
3 2017 2018 10,000,000 34,000,000 40,000,000 Not Applicable
4 2018 2019 10,000,000 44,000,000 50,000,000 Not Applicable
5 2019 2020 8,000,000 52,000,000 58,000,000 Not Applicable
6 2020 2021 8,000,000 60,000,000 66,000,000 Not Applicable
7 2021 2022 6,000,000 66,000,000 72,000,000 Not Applicable
8 2022 2023 6,000,000 72,000,000 72,000,000 Not Applicable
9 2023 2024 4,000,000 76,000,000 72,000,000 72,000,000
10 2024 2025 4,000,000 80,000,000 64,000,000 64,000,000
11 2025 2026 2,000,000 82,000,000 56,000,000 56,000,000
12 2026 2027 2,000,000 84,000,000 48,000,000 48,000,000
13 2027 2028 2,000,000 86,000,000 40,000,000 40,000,000
Total Payments 86,000,000
Average Annual Payment 6,615,385
http://www.broward.org/Arena/Documents/ExecutiveSummary10-13-15.pdf
72 of the 86 million is paid out that 1st 8 years, and yes, you're reading that correctly, 12 million in taxpayer money is currently going to our clown owners. The buyout is the 72 million that was paid returned to the county.