Originally posted by pdizo916:
Originally posted by qnnhan7:
haha, this n***a.
Man, i didn't realize that the naming rights will pay for 1/4th of the stadium cost. What other sponsors can help pay for that nice ass stadium?
It doesn't quite work that way.
1) 66 Mil goes directly to the 49ers. We could complain about that but thats only 30% of the deal. By contrast, the Seahawks, Rams, and Cards kept 100% of the naming rights deals....tho they were smaller and the teams covered some building overruns.
2) The remaining money won't get directly applied to the cost of the stadium. It's 11 mil per season, not a lump sum of 220 million. The stadium is financed, so a good portion of that 11 mil per will actually be applied to the INTEREST on the loan, not the principal.
I'm just guessing here, but I'd guess that only 80 to 100 mil of that contract actually goes toward paying down the principal of the loan.
[ Edited by Marvin49 on May 10, 2013 at 3:43 PM ]