papazoid Posted December 21, 2012 Share Posted December 21, 2012 glass half full: the Bills are here for another seven years... glass half empty: the bills are gone after seven years..... seriously tho, this is very good news.....$400 million penalty is big enough to insure the full 7 years..... now, go buy some tickets and help keep them here even longer... Link to comment Share on other sites More sharing options...
EasternOHBillsFan Posted December 21, 2012 Share Posted December 21, 2012 now, go buy some tickets and help keep them here even longer... When they show a commitment to winning through better management, sure. It might be until after we get a new owner... Link to comment Share on other sites More sharing options...
purple haze Posted December 21, 2012 Share Posted December 21, 2012 400 million reloaction fee for years 1-6. After 7 the penalty goes bye bye Lets not forget the fee for moving a franchise assessed by the NFL The penalty has a one time moratorium after year 7 only from what I've read. Year 8-9 the penalty is back in effect. Link to comment Share on other sites More sharing options...
May Day 10 Posted December 21, 2012 Share Posted December 21, 2012 The NFL Relocation rules also say that there needs to be a situation where the public wont help finance facilities. Not sure how they would prove that, when the public is giving them what they asked for Link to comment Share on other sites More sharing options...
weehawk Posted December 21, 2012 Share Posted December 21, 2012 This is anything but good news. They are gone in 7 yrs. This almost guarantees it. It will take that long for RW to pass on and sell the team. Then it will take the new owner about 3 years to fight the State over a new stadium that he'll never get. When year 7 comes up, he cuts a meesley $29 million check and it's buh bye BUF. Worst lease evah!! Good news. BTW did anybody hear the guy call in and tell Buddy Nix he was absolutely wrong? I was ROTFL Confirmed by the news, with details http://buffalonews.c.../121229867/1109 35 mil from the team, very good 10 year term, ridiculous out after 7 years with no financial penalty, uber ridiculous Way to negotiate, Cuomo and Polancarz! And Ralph is an ass for making this short of an agreement with those demands. Link to comment Share on other sites More sharing options...
rsxfirefighter Posted December 21, 2012 Share Posted December 21, 2012 Well, here is a Glass Half Full Opinion: This is allows the team to transition to an owner that will want to keep it here. (Unless they are willing to spend 1 Billion for a franchise, 400 million to relocate it, and 1 Billion+ to build a new stadium wherever they go) This will also allow the new owner to work on a new Stadium Plan to be built in the year 2020 which would be perfect timing for replacing the Ralph. But like I said, this is my Glass Half Full Opinion. Link to comment Share on other sites More sharing options...
The Tomcat Posted December 21, 2012 Share Posted December 21, 2012 (edited) My take. Its actually a 7 year lease guarenteeing the Bills here for the given future. I think they are in perfect position to package this momemtum for a new owner the possiblilty of a new stadium or serious stadium upgrades and sign an extention from these 7 years to 25 or 30. We stand at a cross roads. There is an oppurtunity right in front of us. I hope they parlay this into something special. Its there for the taking! Let the wave of getting a team in LA, London or Toronto pass us by. No longer our issue. The Bills and Buffalo fit together. Bill-eve it! Congratulations to us the fans and the "little guy", Hammer and the rest, who rely on the Bills to...well...pay the bills. The NHL needs to remember the little guy as well but this isn't the time and place for that. GO BILLS! Edited December 21, 2012 by The Tomcat Link to comment Share on other sites More sharing options...
papazoid Posted December 21, 2012 Share Posted December 21, 2012 it is highly likely that L.A. will already have a different franchise relocate to them before our 7 years is up...like chargers, jaguars, raiders or vikings Link to comment Share on other sites More sharing options...
May Day 10 Posted December 21, 2012 Share Posted December 21, 2012 in 7 years, LA could have team(s) already, the NFL may be open to expanding, etc. Its a long time in terms of the NFL. Link to comment Share on other sites More sharing options...
The Tomcat Posted December 21, 2012 Share Posted December 21, 2012 This is anything but good news. They are gone in 7 yrs. This almost guarantees it. It will take that long for RW to pass on and sell the team. Then it will take the new owner about 3 years to fight the State over a new stadium that he'll never get. When year 7 comes up, he cuts a meesley $29 million check and it's buh bye BUF. Worst lease evah!! You do realize the current buy out of the lease is $2 million correct? Link to comment Share on other sites More sharing options...
BRAWNDO Posted December 21, 2012 Share Posted December 21, 2012 Well, here is a Glass Half Full Opinion: This is allows the team to transition to an owner that will want to keep it here. (Unless they are willing to spend 1 Billion for a franchise, 400 million to relocate it, and 1 Billion+ to build a new stadium wherever they go) This will also allow the new owner to work on a new Stadium Plan to be built in the year 2020 which would be perfect timing for replacing the Ralph. But like I said, this is my Glass Half Full Opinion. I like this scenario Link to comment Share on other sites More sharing options...
TheLynchTrain Posted December 21, 2012 Share Posted December 21, 2012 Confirmed by the news, with details http://buffalonews.c.../121229867/1109 35 mil from the team, very good 10 year term, ridiculous out after 7 years with no financial penalty, uber ridiculous Way to negotiate, Cuomo and Polancarz! And Ralph is an ass for making this short of an agreement with those demands. Seven years is probably important to the snake Cuomo, because he hopes by then to be in the White House... Link to comment Share on other sites More sharing options...
MRM33064 Posted December 21, 2012 Share Posted December 21, 2012 (edited) If the average NFL team is valued (Per Forbes) around $1.1B (Dallas high at $2.1B, Jacksonville low at $770mm) and the Bills are estimated at $805 mm - while, of course, they're in Buffalo - then at first glance the $400 million penalty sounds to me about what we'd think it'd be. Will someone pay a $400mm premium to pick up and move the team elsewhere to, presumably, capture the excess value for being in a different area? Who knows, but I don't think this is by any means a "well, we've got a team for 7 years" situation. Then again, going into today we weren't guaranteed anything either. EDIT: Now WGR is reporting there is NO MOVING until year 7, AFTER WHICH penalties kick in. I suppose we'll get the real story eventually ... good grief ... Edited December 21, 2012 by MRM33064 Link to comment Share on other sites More sharing options...
MarkKelso'sHelmet Posted December 21, 2012 Share Posted December 21, 2012 to the people bitching about the out clause in year seven. STFU. this is as secure as you could have hoped. there will be no 99 year lease... Link to comment Share on other sites More sharing options...
May Day 10 Posted December 21, 2012 Share Posted December 21, 2012 (edited) If the average NFL team is valued (Per Forbes) around $1.1B (Dallas high at $2.1B, Jacksonville low at $770mm) and the Bills are estimated at $805 mm - while, of course, they're in Buffalo - then at first glance the $400 million penalty sounds to me about what we'd think it'd be. Will someone pay a $400mm premium to pick up and move the team elsewhere to, presumably, capture the excess value for being in a different area? Who knows, but I don't think this is by any means a "well, we've got a team for 7 years" situation. Then again, going into today we weren't guaranteed anything either. Relocation fees too. Also likely some private money going into a facility. Along with proving that WNY taxpayers havent been willing to work with the NFL (which is one of their written conditions of relocation) Its still possible someone can come done with little regard for $ and just plunk it down to grab a team. I am happy and relieved its not an "empty netter" and our team wont be the lowest hanging fruit Edited December 21, 2012 by May Day 10 Link to comment Share on other sites More sharing options...
billsfaninky Posted December 21, 2012 Share Posted December 21, 2012 Great news!!!!!! Link to comment Share on other sites More sharing options...
Hammered a Lot Posted December 21, 2012 Share Posted December 21, 2012 per gr iron clad first 7 years than 400 million buyout kicks in Link to comment Share on other sites More sharing options...
May Day 10 Posted December 21, 2012 Share Posted December 21, 2012 per gr iron clad first 7 years than 400 million buyout kicks in what what what? Link to comment Share on other sites More sharing options...
DPR4444 Posted December 21, 2012 Share Posted December 21, 2012 i heard that too!! WTF? Link to comment Share on other sites More sharing options...
MRM33064 Posted December 21, 2012 Share Posted December 21, 2012 what what what? I know ... for real? That's a little embarrassing reporting if true - yet the result is great. A 7 year locked-in-to-Buffalo is far better than I ever imagined or thought likely. Link to comment Share on other sites More sharing options...
Recommended Posts