Kirby Jackson Posted July 22, 2016 Share Posted July 22, 2016 New Era Stadium or New Era Field to be announced soon. The naming rights begin this year. Should be a long term deal.Wow, great scoop!! Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2016 Share Posted July 22, 2016 New Era Stadium or New Era Field to be announced soon. The naming rights begin this year. Should be a long term deal. Is the deal with the stadium owner or the team owner? Link to comment Share on other sites More sharing options...
Shoshone Posted July 22, 2016 Share Posted July 22, 2016 With Pegs. Maybe a 6-8 year deal. I'll check back once I get more info. Link to comment Share on other sites More sharing options...
BuffaloBill Posted July 22, 2016 Author Share Posted July 22, 2016 New Era Stadium or New Era Field to be announced soon. The naming rights begin this year. Should be a long term deal. If this is true what a really cool local tie. Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2016 Share Posted July 22, 2016 It's certainly a New Era. Very nice. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2016 Share Posted July 22, 2016 With Pegs. Maybe a 6-8 year deal. I'll check back once I get more info. Sucks for Erie County. A 6 year deal will be up when the lease is up. No help towards new stadium. Free money for Petula. Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2016 Share Posted July 22, 2016 Sucks for Erie County. A 6 year deal will be up when the lease is up. No help towards new stadium. Free money for Petula. Yeah, at that rate he may get his $1.4 billion back before the sun burns out. I'm glad to have the Bills staying in WNY and don't mind the owners exercising their rights to generate a bit of income on their investment. I'd bet the owners plan to have a significant investment in the new stadium. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2016 Share Posted July 22, 2016 Yeah, at that rate he may get his $1.4 billion back before the sun burns out. I'm glad to have the Bills staying in WNY and don't mind the owners exercising their rights to generate a bit of income on their investment. I'd bet the owners plan to have a significant investment in the new stadium. This deal is kind of strange. If as stated above--would likely be the shortest term deal in the league. Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2016 Share Posted July 22, 2016 This deal is kind of strange. If as stated above--would likely be the shortest term deal in the league. We can wait and see what the deal looks like. I'm not going to doubt the billionaire on this. Maybe he can jack up the rate for a new stadium. It really makes sense to me. Why go longer if you can renegotiate better terms in a few years? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2016 Share Posted July 22, 2016 We can wait and see what the deal looks like. I'm not going to doubt the billionaire on this. Maybe he can jack up the rate for a new stadium. It really makes sense to me. Why go longer if you can renegotiate better terms in a few years? Why would New Era pay more later? Or did you mean some other company when a new stadium gets built? And it just seems strange that the Bills could sell the naming rights for a facility that they don't own at all. Why wouldn't that be the County's prerogative? Was D. Smith the Erie County Executive before he went to the NFLPA? Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2016 Share Posted July 22, 2016 It started as Rich Stadium, so I doubt they lost that right. So why shouldn't they generate some income? As for the term of the agreement, NFL prices seem to just go up. New Era, or anyone else, can decide what they'll pay later. I'd bet it would be more. Would you rather sponsor Kia or Bentley? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2016 Share Posted July 22, 2016 It started as Rich Stadium, so I doubt they lost that right. So why shouldn't they generate some income? As for the term of the agreement, NFL prices seem to just go up. New Era, or anyone else, can decide what they'll pay later. I'd bet it would be more. Would you rather sponsor Kia or Bentley? Let a billionaire make a little more, I always say. But the County gets none of this. Doesn't seem right. Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2016 Share Posted July 22, 2016 Let a billionaire make a little more, I always say. But the County gets none of this. Doesn't seem right. Well then, like the CBA, don't negotiate that in. No one cares what any one person thinks is right. The contract is right. Link to comment Share on other sites More sharing options...
Shoshone Posted August 7, 2016 Share Posted August 7, 2016 New Era Field will be announced around the 17th- 18th. 6 year deal. The Pegs will decide in 2018-2019 whether or not they will build a new stadium in downtown. If so, Pegs will pay for it himself. If not, they will renovate our current stadium. Signs are already going up in the stadium. It will take a at least a year to complete the transition but most of it should be done by opening day. Link to comment Share on other sites More sharing options...
bg17 Posted August 7, 2016 Share Posted August 7, 2016 New Era Field will be announced around the 17th- 18th. 6 year deal. The Pegs will decide in 2018-2019 whether or not they will build a new stadium in downtown. If so, Pegs will pay for it himself. If not, they will renovate our current stadium. Signs are already going up in the stadium. It will take a at least a year to complete the transition but most of it should be done by opening day. Interesting. Thanks. Any info on the dollars involved? Link to comment Share on other sites More sharing options...
machine gun kelly Posted August 7, 2016 Share Posted August 7, 2016 The purchase of the team was for $1.4 bil., as people know, but the net net profit after everything is about $45 mil./yr. why shouldn't an owner sell naming rights for another $5 mil./yr. if he paid for the team. The county already makes money on the stadium and gets a piece on concessions. I don't understand the issue. You should want our owner to make a healthy profit as it is security the team will be here forever. There are always suitors promising a lot more money somewhere else. I don't believe Kim would let this team leave Buffalo, amd if they decide to renovate and get some state funding, the stadium most of us love could get an upgrade in a few years and the tickets don't go up dramatically in 2022. Link to comment Share on other sites More sharing options...
ALF Posted August 7, 2016 Share Posted August 7, 2016 Keeping it Ralph Wilson Stadium shows the Pegulas are a class act , not like most other owners where only profits matter. Link to comment Share on other sites More sharing options...
JohnC Posted August 7, 2016 Share Posted August 7, 2016 Let a billionaire make a little more, I always say. But the County gets none of this. Doesn't seem right. I don't know why the revenue going to the owner of the team irks you. That has been the arrangement since the stadium was originally built almost half a century ago. Ralph controlled the revenue generated by the stadium (even when renting out the stadium for events). For the past 40 years or more the arrangement has been technically the county owns the stadium but contractually the owner of the team controls the stadium The bottom line is that the county's bond costs (for the renovation) are covered by generated revenues associated with the football operation. A good chunk money covering the costs of the recent renovations came from the state tax on the players' income. So much of the state's and county's contributions were covered by income generated by events/participants associated by activity from the stadium. You may find that problematic but I don't. It's a reasonable and fair deal that satisfies all the parties involved. There is a saying that seems fitting: Don't let perfect be the enemy of the good. Or another way of relating it to this topic is that this deal isn't necessarily a perfect deal but it is still a good deal for all the parties involved. Link to comment Share on other sites More sharing options...
Shoshone Posted August 7, 2016 Share Posted August 7, 2016 All references to Ralph Wilson Stadium are being removed. It will be known as New Era Field, not New Era Field at RWS. Deal is at least $5 mil a year. Link to comment Share on other sites More sharing options...
White Linen Posted August 7, 2016 Share Posted August 7, 2016 Keeping it Ralph Wilson Stadium shows the Pegulas are a class act , not like most other owners where only profits matter. Selling the naming rights doesn't mean the ONLY thing he cares about his profit. Link to comment Share on other sites More sharing options...
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