Terms of Miami Dolphins and Miami-Dade Potential Stadium Agreement Released

Richard Heathcote

With the offseason well and truly in full swing, the Dolphins have been busy these past few weeks in coming to an agreement with Miami-Dade over the renovation of Sun Life Stadium. At last, a deal appears close. Let’s check out the terms of the potential deal.

Last week it was reported that the Miami Dolphins and Miami-Dade were close to a stadium deal that would see the county pay for a franchise fee for bringing in major sporting events, like a Super Bowl.

This week, the Miami Herald has released the specifics of the deal that is due to be voted on by county commissioners, bringing an end to a five-year battle by Dolphins owner Stephen Ross to win public help for the renovation. The terms include a unique bonus system that would be payable to the Dolphins for hosting international sporting events, from soccer matches to national college football championships. 

Under the deal, $4 million would be payable to host a Super Bowl or soccer World Cup finals game, $3 million for a soccer World Cup semi-final or national college-football championship, $2 million for a college play-off game and $750,000 for an international soccer match with at least 55,000 paid tickets.  The maximum that the county would pay the franchise over a year would be no more $5 million.

Should the commissioners vote ‘yes’, it would end the wait for a long-overdue renovation that hindered the team’s chances to host a Super Bowl, and has the potential to bring significant economic benefits to the area.

For now it appears a win-win situation.  Stay tuned.

Alex Parish is an Associate Editor at The Phinsider. Be sure to follow me on Twitter @AlexParish89.

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