2014 DRAFT GUIDE
Dayton: Wilfs should pay Vikings' share of stadium

    2013-09-16 14:48

(Eds: Updates with quotes from Dayton's letter, other details and background)
By PATRICK CONDON
Associated Press

ST. PAUL, Minn. (AP) - Minnesota Vikings owners Zygi and Mark Wilf should have to pay a large portion of the team's share of a new football stadium from their own pockets instead of using money made from fees charged to season ticket holders, Gov. Mark Dayton wrote Monday in a letter to the government authority supervising its construction.

The Minnesota Sports Facilities Authority is in final negotiations with Vikings officials over use and development contracts for the $1 billion, downtown Minneapolis stadium. A financial analysis released last week by the authority found the Wilfs have sufficient personal resources to cover the $477 million team share.

As part of the stadium funding plan that lawmakers passed in 2012, the Vikings are allowed to sell personal seat licenses, which give the holder the right to buy tickets for specified seats in a stadium for any event, including NFL games. Personal seat licenses are common throughout the NFL and have been used as a way for teams to pay for new stadiums.

But in a letter to authority chairwoman Michele Kelm-Helgen, Dayton expressed concern over a recent Minnesota Public Radio News report that concluded the Wilfs would likely be able to cover most of the $477 million without spending their own money. Instead, they could use the seat licenses, naming rights to the stadium and a roughly $200 million NFL contribution.

``I strongly urge you to negotiate a final financial agreement, which requires the Vikings' owners to provide a significant share of their financial contribution from their own resources, and not from Vikings' fans through the sale of expensive personal seat licenses,'' Dayton wrote to Kelm-Helgen.

A Vikings spokesman did not immediately respond to a request for comment.

The state of Minnesota and city of Minneapolis are covering the remaining $498 million in stadium costs.

It's not the first time Dayton and the Vikings have tangled over the issue, with the governor repeatedly warning the team to keep prices for such licenses low. Dayton has grown increasingly critical of the Wilfs in recent weeks, particularly after a New Jersey judge found them guilty of fraud - a ruling that prompted a financial review the governor cited in his letter.

In his letter, Dayton acknowledged that the stadium bill allowed seat licenses to be part of the team's financing. But, he wrote, ``those revenues were not intended to replace the need for the team's owners to make a significant equity or capital contribution.''

Dayton also wrote that he believes the legislation gives the authority, and not the team, the final say on the maximum price for seat licenses. A spokeswoman for the authority did not immediately respond to a request for comment. Dayton chose Kelm-Helgen, once a top aide in his office, to lead the Sports Facilities Authority.

More than half of NFL teams sell personal seat licenses, though prices range widely depending on the market. Kelm-Helgen suggested last November that she believed that seat licenses at the new Vikings stadium should be similar to those offered by the Minnesota Twins and the University of Minnesota football program. The Twins charged $1,000 to $2,000 annually for a small number of premium seats at Target Field, while the university charges season ticket buyers at TCF Bank Stadium an annual fee of $100 to $500. The fee is in addition to the cost to buy tickets.

Dayton noted that the financial review of the Wilfs reportedly shows they ``could finance their share of the stadium's costs with little or no revenues from stadium builder's licenses.''

``Therefore,'' he added, ``I strongly urge you to keep those prices at an absolute minimum.''

Officials hope to break ground on the new stadium in early November and begin using it in the 2016 football season.

Fantasy Football Player Notes RSS FeedPLAYER NOTES

Adrian PetersonApr 16 02:22p

Minnesota Vikings RB Adrian Peterson has been informed that he will be reinstated from the commissioner exempt list starting Friday, April 17.

Sammy WatkinsApr 15 11:33p

Buffalo Bills WR Sammy Watkins (hip) is able to work out in some capacity during the team's offseason program, although head coach Rex Ryan indicated Wednesday, April 15, that [ More ]

Kai ForbathApr 15 10:53p

Washington Redskins restricted free-agent PK Kai Forbath posted on social media Wednesday, April 15, that he has re-signed with the team. The club has not yet confirmed the signing.

George JohnsonApr 15 08:33a

Detroit Lions DE George Johnson was acquired by the Tampa Bay Buccaneers Wednesday, April 15. Tampa signed Johnson to an offer sheet that was disputed by Detroit, but the [ More ]

Philip RiversApr 15 12:13a

San Diego Chargers QB Philip Rivers is under contract for one more season, and he has expressed a desire to play out his deal. However, the Chargers might be [ More ]

Josh GordyApr 14 06:03p

Free-agent CB Josh Gordy (Colts) signed a veteran minimum deal with the New York Giants Tuesday, April 14, according to a source.

Ricardo LocketteApr 14 05:23p

Seattle Seahawks WR Ricardo Lockette signed his exclusive-rights tender Tuesday, April 14.

Ike TaylorApr 14 09:32a

Free-agent CB Ike Taylor (Steelers) announced his retirement Tuesday, April 14.

Wade SmithApr 14 02:12a

Free-agent OG Wade Smith (Eagles) announced his retirement after 12 years in the National Football League.

Michael CrabtreeApr 14 01:13a

The Oakland Raiders are giving free-agent WR Michael Crabtree (49ers) a one-year, $3 million deal with another $2 million in incentives, a source said Monday, April 13.

Eben BrittonApr 14 01:03a

Free-agent OT Eben Britton (Bears) has been suspended four games by the NFL for an unspecified violation.

Matt ForteApr 13 08:02p

Chicago Bears RB Matt Forte was not present for the start of the offseason workouts Monday, April 13, according to sources. Forte is entering the final year of his [ More ]

Cody LatimerApr 13 08:02p

Denver Broncos WR Cody Latimer, who is expected to line up across from WR Demaryius Thomas in 2015, has been praised by WR Emmanuel Sanders, who figures to move [ More ]

Joe MaysApr 13 04:32p

Free-agent LB Joe Mays (Chiefs) signed an undisclosed deal with the New York Jets Monday, April 13.

Zackary BowmanApr 13 02:22p

Free-agent CB Zack Bowman (Giants) signed an undisclosed deal with the Miami Dolphins Monday, April 13.

Sean RichardsonApr 13 02:02p

Green Bay Packers restricted free-agent SS Sean Richardson will remain with the Packers after the team decided to match the one-year, $2.55 million offer he signed with the Oakland Raiders, according to a source.

Sean RichardsonApr 12 10:02a

Green Bay Packers restricted free-agent SS Sean Richardson signed an offer sheet with the Oakland Raiders, and the Packers have until Monday, April 13, to inform him if they [ More ]

Jason CampbellApr 12 07:02a

Free-agent QB Jason Campbell (Bengals) is considering retirement, according to sources close to the team. Campbell has rejected multiple opportunities to sign a contract for 2015, including offers from [ More ]

James CaseyApr 11 01:02p

Free-agent TE James Casey (Eagles) agreed to terms on a one-year deal with the Denver Broncos Saturday, April 11. Financial terms were not disclosed.

Johnny ManzielApr 11 12:22p

Cleveland Browns QB Johnny Manziel has been released from his rehab facility.

Victor ButlerApr 10 03:22p

New York Giants LB Victor Butler has been suspended for the first four games of the 2015 season for violating the NFL's policy on performance enhancing drugs.

Anthony SpencerApr 10 01:12p

Free-agent DE Anthony Spencer (Cowboys) signed a one-year deal with the New Orleans Saints Friday, April 10. Financial terms of the deal were not disclosed.

Charles TillmanApr 9 04:02p

Free-agent CB Charles Tillman (Bears) signed a one-year deal with the Carolina Panthers Thursday, April 9. Terms of the contract were not disclosed.

Rob HouslerApr 9 12:42p

Free-agent TE Rob Housler (Cardinals) has agreed to terms with the Cleveland Browns on a one-year deal, according to a source. Financial terms were not disclosed.

Le'Veon BellApr 9 09:52a

Pittsburgh Steelers RB Le'Veon Bell was suspended three games and fined an additional game check after violating the league's substance abuse policy, according to league sources. He has appealed.

Stevan RidleyApr 8 07:53p

New York Jets RB Stevan Ridley signed a one-year deal with the team.

Amobi OkoyeApr 8 04:53p

Dallas Cowboys DT Amobi Okoye was released Wednesday, April 8.

Emmanuel LamurApr 8 03:43p

Cincinnati Bengals LB Emmanuel Lamur officially re-signed Wednesday, April 8, to a one-year, $2.356 million deal.

Adrian PetersonApr 8 01:33p

Minnesota Vikings RB Adrian Peterson is 'highly unlikely' to face more suspension from the league when he's finally off the Commissioner's Exempt List, according to a source. Peterson's next [ More ]

George JohnsonApr 7 10:23p

The Tampa Bay Buccaneers signed restricted free-agent DE George Johnson (Lions) to a three-year offer sheet Tuesday, April 7. Financial terms are undisclosed. The Lions have five days to match the offer.

Le'Veon BellApr 7 05:23p

Pittsburgh Steelers RB Le'Veon Bell is expected to be suspended for the first two games of next season, according to sources. Bell is being suspended following an arrest last [ More ]

Erin HendersonApr 7 05:13p

Free-agent LB Erin Henderson (Vikings) agreed to terms on an undisclosed deal with the New York Jets Tuesday, April 7, according to a source. Henderson didn't play last year [ More ]

RSS Feeds

NFL News:
 
Player Notes:
 
Forum Posts:
 

© 2015 RealTime Fantasy Sports, Inc.
Email Us  ·  Call Us 636.447.1170  ·  Lost Password
Advertising represented by USA Today Sports Media Group