Are the Saints Really the Only NFL Team their State Pays?
With Louisiana facing serious budget cuts again this year, it might be time to look at the sweetheart deal given to the New Orleans Saints.
The Saints are one of the few teams that pay no rent to play in their stadium. Louisiana owns the Mercedes Benz Superdome, but the state actually pays the Saints about $4 million a year to stay in the Crescent City.
We have been checking out stadium deals from other cities and found this surprising list from the City of San Diego.
Now the Oakland Raiders are moving to Las Vegas and their deal does not involve paying rent at a proposed tax-funded stadium which has a price tag of $1.9 billion.
The Seattle Seahawks, owned by Paul Allen, one of the richest people in the world, pay the state about $1 million a year in rent in return. But they do get something in return for that rent. The team gets most of the revenue from ticket sales, concessions, parking, and broadcasting.