Phoenix LXXII: Send in the Clowns
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02-28-2013, 10:10 PM
Join Date: Aug 2009
Location: Orbiting BoH
Originally Posted by
I could have misinterpreted as well. I thought Sherwood was indicating that, from a city perspective, a 5-year or 10-year deal with a buy out provision was not agreeable - but he would support a 12-year deal at AMF $13MM per year. I believe he then said that he had spoken to Jamison who indicated that a 12-year deal could be palatable for investors.
Consensus thinking in these parts is 5-yrs (or 5-yr out clause) means the team would be moving. Given the environment the franchise has been put into the past 4 years, it would take around 10 years to build a fan base up to where it needs to be.
Length of time also plays into locking in corporate sponsorships (and/or suite sales). So I guess the longer deal you could get the better if you want to keep the team in Glendale.
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