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

Chris CantyFeb 27 11:32a

Baltimore Ravens DE Chris Canty was released Friday, Feb. 27. The move saved the team around $2.7 million on the salary cap.

Brian HartlineFeb 27 10:32a

Miami Dolphins WR Brian Hartline was released Friday, Feb. 27.

Harry DouglasFeb 27 10:32a

Atlanta Falcons WR Harry Douglas was released Friday, Feb. 27.

Matt HasselbeckFeb 26 07:42p

Indianapolis Colts impending free-agent QB Matt Hasselbeck was re-signed to a one-year deal Thursday, Feb. 26. Financial terms of the deal were not disclosed.

Steven JacksonFeb 26 07:32p

Atlanta Falcons RB Steven Jackson will reportedly be released Friday, Feb. 27.

Adrian PetersonFeb 26 05:52p

Minnesota Vikings RB Adrian Peterson's suspension was overturned by U.S. District Judge David S. Doty Thursday, Feb. 26. However, the NFL also announced that they will appeal the ruling, [ More ]

Travis KelceFeb 26 05:42p

Kansas City Chiefs TE Travis Kelce, who led the team with 67 catches and 862 receiving yards in 2014, is expected to be a more prominent part of the [ More ]

Kendall LangfordFeb 26 04:12p

St. Louis Rams DT Kendall Langford was released Thursday, Feb. 26, saving the team $6 million in salary cap space.

Greg HardyFeb 26 02:32p

Carolina Panthers impending free-agent DE Greg Hardy will seek immediate reinstatement after a judge overturned Minnesota Vikings RB Adrian Peterson's suspension, according to a source.

Theo RiddickFeb 26 02:22p

Detroit Lions RB Theo Riddick likely will be given the chance to earn a bigger role in the offense next season after the team released RB Reggie Bush.

Adrian PetersonFeb 26 12:32p

Minnesota Vikings RB Adrian Peterson's suspension has been overturned after a judge granted a motion from the NFL Players Association to vacate the suspension.

Michael RoosFeb 26 12:02p

Free-agent OT Michael Roos (Titans) has announced his retirement from professional football.

Dez BryantFeb 26 09:03a

Dallas Cowboys WR Dez Bryant is likely to receive the franchise tag because the team is hesitant to sign him long term due to a lack of trust off [ More ]

Peyton ManningFeb 25 09:23p

The Denver Broncos and representatives for QB Peyton Manning are working on revising the veteran's contract, according to multiple league sources. He is scheduled to draw a $19 million [ More ]

Reggie BushFeb 25 05:33p

Detroit Lions RB Reggie Bush has been cut Wednesday, Feb. 25.

A.J. HawkFeb 25 04:43p

Green Bay Packers LB A.J. Hawk was released Wednesday, Feb. 25. The move will save them $3.5 million against the salary cap in 2015.

Jacoby JonesFeb 25 12:33p

Baltimore Ravens WR Jacoby Jones was released Wednesday, Feb. 25.

Peyton HillisFeb 25 10:43a

New York Giants RB Peyton Hillis was released Wednesday, Feb. 25. The move saves $945,000 on the 2015 salary cap.

Dez BryantFeb 24 10:33p

Dallas Cowboys WR Dez Bryant's NFL career could be in jeopardy if a video he allegedly appears is as bad as it sounds. A source said the 'incriminating video [ More ]

Jake LongFeb 24 09:23p

The St. Louis Rams are likely to release OT Jake Long this offseason for savings against the salary cap, according to beat writer Nick Wagoner.

Mathias KiwanukaFeb 24 03:33p

New York Giants DE Mathias Kiwanuka has been released Tuesday, Feb. 24.

DeAngelo WilliamsFeb 24 12:23p

Free-agent RB DeAngelo Williams (Panthers) said he was not upset when the Carolina Panthers told him last week that he'd be released. Williams told Charlotte's WBTV that DE Greg [ More ]

Adrian PetersonFeb 23 06:13p

Minnesota Vikings RB Adrian Peterson's father denied a report that Peterson no longer wants to play for Minnesota. Peterson's father said Peterson is still open to a return to [ More ]

Ted Ginn Jr.Feb 23 04:53p

Arizona Cardinals WR Ted Ginn Jr. was released Monday, Feb. 23.

Adrian PetersonFeb 23 02:52p

Minnesota Vikings RB Adrian Peterson's situation with the team worsened during the NFL scouting combine as his agent and members of Minnesota's front office had a heated verbal altercation, [ More ]

Victor CruzFeb 21 10:22a

New York Giants WR Victor Cruz (knee) looks good as he continues to recover from a torn right pateller tendon in his knee, according to general manager Jerry Reese. [ More ]

R. Griffin IIIFeb 20 02:52p

Washington Redskins QB Robert Griffin III will enter the 2015 season as the team's starting quarterback, and general manager Bruce Allen thinks Griffin's ceiling in the NFL remains high. [ More ]

Devonta FreemanFeb 20 08:42a

Atlanta Falcons RB Devonta Freeman fits well in offensive coordinator Kyle Shanahan's scheme, according to head coach Dan Quinn. 'My first impression: I can feel the quickness,' Quinn said [ More ]

Victor CruzFeb 19 07:12p

New York Giants WR Victor Cruz (knee) may commence running shortly, according to head coach Tom Coughlin. Cruz is recovering from a torn right patellar tendon in his right knee.

Andre EllingtonFeb 19 05:12p

Arizona Cardinals RB Andre Ellington (foot) remains the focal point of the offense, according to Cardinals head coach Bruce Arians. Ellington split the injured tendon in his left foot, [ More ]

C.J. AndersonFeb 19 02:22p

Denver Broncos RB C.J. Anderson finished the year as the team's No. 1 running back and made the Pro Bowl, but new head coach Gary Kubiak said Anderson must [ More ]

James CaseyFeb 19 02:22p

Philadelphia Eagles TE James Casey has been released.

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