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.