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Dolphins stadium naming deal worth $250+MM over 12 yrs

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Paranos

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Dolphins stadium naming deal worth $250+MM over 12+ yrs , this deal is a good long term pay day for Ross no wonder he ponied up the overtime money to get the stadium completed on time.

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Naming rights deal a jackpot for the Miami Dolphins | Miami Dolphins In Depth

Naming rights deal a jackpot for the Miami Dolphins

It goes without saying that anytime a major international corporation wants to hang its name, its brand, its trademarks, its logos all over a sports venue that is going to host multiple high profile national events, the price for doing that is going to be high.

The Miami Dolphins on Tuesday got final approval from the NFL to give over naming rights to their stadium in Miami Gardens to Hard Rock International. And so the price for this stadium to become Hard Rock Stadium is high.

Think a quarter of a billion dollars.

That's what the deal is worth, give or take a couple of million dollars, over the life of the deal.

That's not a misprint: In the ballpark of $250 million.

Cha-ching.

This deal covers at least a dozen years but doesn't extend so long that the stadium, which owner Stephen Ross is renovating, will be obsolete before the deal expires. The exact length of the contract is still being guarded by the parties.

And the amazing thing for the Dolphins is that because Hard Rock International is an entertainment and hospitality company it does not preclude the possibility the Dolphins can add secondary sponsors such as banks, beer, alcohol and soft drink companies and even automotive manufacturers or auto dealers.

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Yes, that is two consecutive business posts for this space and, I get it, you are football junkies.

Fine ...

Consider that the Dolphins much-heralded (by the team itself) defensive line is going to play against the Dallas Cowboys on Friday evening for the first time in 2016.

So Cameron Wake, Mario Williams, Jason Jones, and Ndamukong Suh are going to be unleashed. That means that Miami's line will debut against perhaps the best offensive line in football.

That's right, the Cowboys have for a couple of years now enjoy a reputation for having a fine offensive front. They played well in their preseason opener over the weekend.

It will be an awesome test even if it is for maybe three series.

Speaking of patting on the back, this is what does Ndamukong Suh think of his defensive line mates
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I don't see how da Seminoles gonna make enough additional profit from having their name on a stadium to justify paying that kind of money. Unless the Seminoles getz to install slot machines all over the stadium and sell blow in the parking lot maybe.
 
Canedog said:
I don't see how da Seminoles gonna make enough additional profit from having their name on a stadium to justify paying that kind of money. Unless the Seminoles getz to install slot machines all over the stadium and sell blow in the parking lot maybe.
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The stadium deal isn't with the Seminoles, it's with hard rock international, who have hotels and casinos all over the world.
 
Ibis Wingz said:
How much of that does UM get?
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When doing the math, the key is remembering to use the order of operations: Parenthesis, Exponents, Multiplication, Division, Addition, Subraction. Keeping that in mind, if you carry the 2... ballpark figure is $0.00.
 
Ibis Wingz said:
How much of that does UM get?
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I picture a meeting with Ross and James about it going like this:


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Ross, he's a shrewd Business man. So obviously that $500m he's forking out of his own pocket means nothing to a boss. He's going to get $250m from Hardrock, not including other potential sponsors, the NFL will break him off from hosting the SB, the NCAA will break him off from hosting the OB, he'll get broke off from hosting concerts and other events, and our Canes are breaking him off. Sheesh.

This is the only reason why I wanted the Canes to somehow partner up w someone to get our own stadium, so they could have another revenue stream. It's no different than the landlord and the renter...the landlord gets the monthly income from rent and gets the tax break while the renter gets zilch.
 
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Update in the article: Deal is over 18 years, comes out to $13.8M per year making it the 3rd highest in the NFL.
 
1mg of Epi said:
Canedog said:
I don't see how da Seminoles gonna make enough additional profit from having their name on a stadium to justify paying that kind of money. Unless the Seminoles getz to install slot machines all over the stadium and sell blow in the parking lot maybe.
Click to expand...

The stadium deal isn't with the Seminoles, it's with hard rock international, who have hotels and casinos all over the world.
Click to expand...

Didn't the Seminoles buy Hard Rock International a few years back?
 
1mg of Epi said:
Canedog said:
I don't see how da Seminoles gonna make enough additional profit from having their name on a stadium to justify paying that kind of money. Unless the Seminoles getz to install slot machines all over the stadium and sell blow in the parking lot maybe.
Click to expand...

The stadium deal isn't with the Seminoles, it's with hard rock international, who have hotels and casinos all over the world.
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The Seminole tribe of Florida owns Hard Rock International. All the restaurants, casinos, clothing, everything trademarked Hard Rock. They have made so much gambling money, the tribe has millions to just throw away.
 
Gatorhater said:
Hard Rock -- I think I like that. "we will, we will rock you ...." goes well with that.
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**** you ol' basterd you brought it back to Queen. Good lord I didn't even think of that, oh wow my youth just came flooding back 8-). I was the lone minority in my Catholic school class so I was forced to listen to this A lot.

[video=youtube_share;-tJYN-eG1zk]http://youtu.be/-tJYN-eG1zk[/video]
 
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Hard Rock Stadium is a cool name.

I hate that we are in any way connected with the Seminole tribe, but no one outside of Florida knows or gives a **** who owns Hard Rock.
 
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