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County Commission Approves Dolphins "Finder's Fee" Deal

Categories: Sports

Thumbnail image for sunlifestadium.jpg
Well, Miami will soon be back in the running to host the Super Bowl, and next time they do the Miami Dolphins will get a big fat bonus from Miami-Dade County.

The county commission approved a deal today that would see the county paying up to $5 million a year in "finder's fees" for big events hosted at Sun Life Stadium. In return, the Miami Dolphins and owner Stephen Ross will privately finance most of the roughly $350 million in renovations needed to bring the stadium up to the NFL's ever-increasing Super Bowl hosting standards.

The vote came down to a 7-4 split in favor of the deal. Commissioners Lynda Bell, Esteban "Steve" Bovo, Xavier Suarez and Juan C. Zapata were the dissenting votes.

Under the deal, the Dolphins will get $4 million for each Super Bowl hosted at Sun Life, $3 million for a college football national championship game, $2 million for college playoff games (they'll host those once every three years anyway), and $750,000 million each for up to two selected other special sporting events that sell more than 55,000 tickets a year. The total payout is capped at $5 million a year.

That money will come out of the county's hotel tax fund.

The county can delay starting payments until 2025, but the Dolphins can start accruing credit for those payments once renovations are completed in 2016.

Those renovations will start this summer, but will not interfere with football season. The renovations will include a canopy, HD lighting and other cosmetic and tech upgrades.

Miami has hosted a total of 10 Super Bowls, but after hosting its last big game in 2010 NFL brass indicated Miami would not be selected unless stadium upgrades were made.

The deal brings to an end a long crusade by Ross to get some sort of public money for the renovations. A deal that would have seen Ross and taxpayers go halfsies died in the state house last year. Though, Ross could also still seek subsidies from the state of Florida.

The stadium will continue to be privately owned, and notably will continue to pay all property taxes. The deal also ensures that the Dolphins will remain in Miami for the next 30 years. Assuming that Miami isn't already be devastated by rising sea levels by then, just go ahead and assume that the drum beat for a brand new stadium altogether will start in about 20 years.

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12 comments
dsmith9777
dsmith9777

Am I the only one that thinks it looks like a haven for birds to poop on people????

Vanessa Lizzy
Vanessa Lizzy

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Ariel Ogen
Ariel Ogen

Unbelievable. Mean while in Dade county hundreds of police and firefighters are being threatened to get laid off. Carlos Jimenez is a joke!! Dade county needs a new mayor and new commissioners!!

DRAKEMALLARD.0
DRAKEMALLARD.0 topcommenter

great, this will mean 1 billion in taxes that we must pay for 40 years!

 

Every year, millions of taxpayer dollars are poured into stadiums, 
hockey rinks, baseball parks, and other arenas in order to attract and retain 
professional sports teams in big cities.  Often the money is spent by 
the cities after a team "threatens" to leave the city.When that happens, of course, the local news media act as the willing accomplices of the billionaires who own the teams.When city and state governments build facilities for sports organizations which are owned by billionaires, and raise taxes as a result, it is clearly an abuse of power the infrastructure Is falling apart and the schools are in decline with overcrowding and not enough quality teachers no after school programs no firemen,  no policemen, no health programs for the poor. also the cites  are always going to be in debt. this thing do make money.

it time for more recalls /jail time




http://articles.elitefts.com/wp-content/uploads/2010/05/football2.jpg



Pete
Pete

It would have been ludicrous to turn down this deal with Ross putting in upwards of 400 million bucks in necessary upgrades. I think people forget the stadium is now one of the oldest facilities in the NFL and the league was NOT bluffing about the Super Bowl. A kickback if and when (and ONLY if and when) the facility hosts a huge event that has tangential economic benefit to the community is a far better deal than many cities make.


The ridiculous Marlins debacle never should have been ANY part of the conversation here. There was never any similarity except in the minds of woefully misinformed people.


Good deal. I look forward to the upgrades.

markee67
markee67

Kyle, wondering if the commission asked for any proof of financial impact from these types of events to support these payments.

miamitrev2
miamitrev2 topcommenter

"descanting votes"?  

LOL I laughed.   The word you were looking for is dissenting

eddie
eddie

@Pete  Please define "woefully misinformed." 'Cause I'm questioning your ability to understand what exactly this deal entails. Especially when you get to Super Bowls and this "tangible economic benefit" of which you speak.

miamitrev2
miamitrev2 topcommenter

@markee67 

LOL  yeah right. The only questions they asked was where their free seats are located and how many parking passes they are getting

Pete
Pete

@eddie @Pete  Gladly. "Woefully misinformed" as in continually seeing comments from people carping about "their tax dollars" even though they are not on the hook for a PENNY of this stadium upgrade. Comments about owners "threatening to leave" even though Ross has NEVER made even the slightest comment in that regard. Continual comments likening this deal to the Marlins debacle even though there is ZERO relationship between the two (and I'd be the first to call the Marlins deal a horrible boondoggle) and a general thought pattern that this yet another case of a sports owner being "bailed out" when in reality it is nothing even remotely close to that.


Ross is the one spending nearly FOUR HUNDRED MILLION DOLLARS here. Not you. Not the taxpayers. Not the county. In return, he gets a check for a set amount IF and ONLY IF certain huge events like the Super Bowl are awarded to the facility. And you can be assured that those events were NOT coming back to that aging stadium without upgrades.


Now, as for the tangible economic benefits? Well, I'm certainly not in the camp that thinks a Super Bowl or other huge event creates some grossly inflated impact on the economy but to think that it doesn't bring in FAR more money than the amount the county would be cutting a check for would be equally ludicrous.


I know this is an unpopular opinion. I get it. I know the Marlins poisoned the well.


But I also know a lot of people are spouting off things about this deal that are simply not grounded in reality.


They will continue to carp about "their money" even though it isn't being spent.


Carry on.


Pete
Pete

@eddie @Pete  Gladly. "Woefully misinformed" as in continually seeing comments from people carping about "their tax dollars" even though they are not on the hook for a PENNY of this stadium upgrade. Comments about owners "threatening to leave" even though Ross has NEVER made even the slightest comment in that regard. Continual comments likening this deal to the Marlins debacle even though there is ZERO relationship between the two (and I'd be the first to call the Marlins deal a horrible boondoggle) and a general thought pattern that this yet another case of a sports owner being "bailed out" when in reality it is nothing even remotely close to that.


Ross is the one spending nearly FOUR HUNDRED MILLION DOLLARS here. Not you. Not the taxpayers. Not the county. In return, he gets a check for a set amount IF and ONLY IF certain huge events like the Super Bowl are awarded to the facility. And you can be assured that those events were NOT coming back to that aging stadium without upgrades.


Now, as for the tangible economic benefits? Well, I'm certainly not in the camp that thinks a Super Bowl or other huge event creates some grossly inflated impact on the economy but to think that it doesn't bring in FAR more money than the amount the county would be cutting a check for would be equally ludicrous.


I know this is an unpopular opinion. I get it. I know the Marlins poisoned the well.


But I also know a lot of people are spouting off things about this deal that are simply not grounded in reality.


They will continue to carp about "their money" even though it isn't being spent.


Carry on.

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