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New Clause in Lease - Potential for "Tens of Millions" of additional taxpayer funding
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Tiger1983 Offline
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New Clause in Lease - Potential for "Tens of Millions" of additional taxpayer funding
The $44.8 million to be paid to the Griz maybe supplemented by additional taxpayer money in the "tens of millions" if the NBA changes the revenue-sharing and media rights method for small markets in a way causing a "Material Recurring Revenue Impact Event". Failure to "cure" the impact tiggers a Grizzlies' option to terminate the FedEx lease and exit Memphis.

A change in model is considered unlikely and would probably require years of advanced notice, but it presents a risk to the taxpayers (per article).

6/15/22 Commerical Appeal Article
(This post was last modified: 06-16-2022 02:01 PM by Tiger1983.)
06-16-2022 10:28 AM
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