E.T. Posted September 14, 2008 Group: TBP Subscriber III Topic Count: 0 Content Count: 36,906 Reputation: 1,846 Days Won: 28 Joined: 12/24/2001 Share Posted September 14, 2008 Bulls To Remain At Raymond James StadiumBy BRETT McMURPHY The Tampa TribunePublished: Jun 27, 2007TAMPA - Raymond James Stadium will remain the home for the University of South Florida football games for at least another five years.USF and the Tampa Sports Authority, which manages RJS, have agreed in principle on a five-year deal through the 2011 season with an option for five more seasons through the 2016 season.The agreement also allows USF to terminate the contract - without penalty - by providing a two-year notice if the school decides to build an on-campus stadium."We are pleased to renew our contract with USF," Tampa Sports Authority executive director Henry Saavedra said. "We're proud to have them at our stadium and hope to for many years."We are very fortunate. They are a great community asset."The contract was approved by the Tampa Sports Authority's board last week and is only awaiting a signature from USF athletic director Doug Woolard to execute the contract. Woolard was unavailable for comment Tuesday.Under terms of the contract, USF must exercise the five-year option at least six months before August 2012. The contract also allows USF to terminate the contract with at least two years notice before the termination date as selected by USF.USF must pay the Tampa Sports Authority a $105,000 license fee in 2007 - up from $86,000 in 2006.The license fee is based on TSA's estimated direct costs for each USF game. It includes operating expenses for use of the stadium's lower bowl. That figure increases $10,000 each season to $145,000 in 2011.The agreement does not specify the license fee if USF uses the upper deck, a possibility this year with home games against UCF, Louisville and West Virginia.If USF renews the agreement beyond 2011, the license fee will be negotiated between TSA and USF.TSA also receives a ticket surcharge equal to 8 percent of each USF ticket sold, not to exceed $2.50 per ticket.TSA will provide 3,000 complimentary parking spaces for USF donors and another 300 for USF officials and media, but will retain all other parking revenue.USF does not have to pay TSA a license fee to hold its spring game at RJS, except for any direct game expenses.USF is 46-10 at RJS, including 21 consecutive wins from 2000 to 2003, then the nation's second-longest home winning streak.Last season averaging over 50K and this season on the same path, gotsta be excited from the extra revenue.Hope many take advantage of the 3 game package USF is promoting. Would love near 35K season tix for 2009, expecially with Miami coming. Would love this game to sell out as soon as single game tix go on sale, then we can consider the bleachers in the one End Zone.I seriously expect that OCS come 2015 ;D Link to comment Share on other sites More sharing options...
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