SoFi and the new CBA

[CGI_Ram]

What am I seeing here?

“70% of incremental revenues to the players for the new stadium that's being built for the Rams and Chargers in Los Angeles, with ownership taking no additional stadium credits off the top. It's not clear what's meant by "incremental" revenues, but this would be the first time the players would have a defined share of revenue following the construction of a new stadium.”

That snip-it came from this piece:

Here are the NFLPA's detailed highlights of the proposed CBA

Last week, after the NFL's owners approved the "principal elements" of a proposed collective bargaining agreement with the NFL Players Association, the NFLPA put out a three-page fact sheet that provided a few vague details about what was in the deal for the players to consider.Tuesday night...

www.thescore.com

I assume it stems from our stadium overruns.... But... how does all this work?

Report: NFL owners want players to fund part of LA stadium

NFL owners are pushing for players to help foot the bill for the Los Angeles stadium that will soon house the Chargers and Rams.

sportsnaut.com

‘Stadium credits’ mooted for NFL’s next CBA - report

Talks over a new collective bargaining agreement (CBA) for American football league the NFL have reportedly included the introduction of a “stadium credits” clause. The CBA is the document that sets out the split of revenues between team owners and players, with the NFL currently coming towards...

www.thestadiumbusiness.com

 

[LesBaker]

I don't think I understand how this works.

And why do people keep claiming the stadium is 5BIL, the entire project is 5BIL from what I've read.

Southern California and they didn't account for cost over runs LOL.

 

[CGI_Ram]

I don't think I understand how this works.

Me either.

 

[LARams_1963]

I don't think I understand how this works.

And why do people keep claiming the stadium is 5BIL, the entire project is 5BIL from what I've read.

Southern California and they didn't account for cost over runs LOL.

Yeah, my understanding is the whole project. Maybe I'm wrong though. As far as the actual stadium costs I thought I read somewhere it had to do with digging deep and earthquake abatement.

 

[WestCoastRam]

They also ended up in a bidding war for contractors with LAX's major reconstruction pushing costs up.

 

[LesBaker]

Me either.

It strikes me as a throwaway negotiating chip. Why would the NFLPA agree to help fund a stadium and not have ownership?

It makes no sense.