Conference Committee puts Vikings’ share at $477 million

AP

The Minnesota House of Representatives increased the Vikings’ share of a new stadium from $427 million to $532 million.  The Minnesota Senate increased it to only $452 million.

The Conference Committee charged with ironing out the differences between the two bills has pegged the final number at $477 million, according to Aj Mansour of KFAN.

The Vikings previously called a $105 million increase “not workable.”  In the end, the increase will be only $50 million.

The final bill also has a “clawback” provision that would give Minnesota a share of the profit arising from a sale of the team.

It’s not yet known whether the final bill preserved the no-blackout provision that the Senate added to the stadium bill.

The final bill will return to the House and Senate for up-or-down votes, with no further amendments.

65 responses to “Conference Committee puts Vikings’ share at $477 million

  1. It’s not yet known whether the final bill preserved the no-blackout provision that the Senate added to the stadium bill.
    _________________

    For Vikings fans, that’s the most important provision.

  2. $50m should pass. I imagine the NFL would encourage the Wilfs to agree to these terms. If they didn’t expect some changes then they were crazy.

    We’ll have to wait and see, but it seems like a bad business move for the Wilfs to walk away at this point.

  3. I love this… the politicians and the people of Minnesota have negotiated the HECK out of this deal. It’s still not a great deal, but it gets better all the time. They ignored all the moronic haters that show up on this site saying stupide things like ‘deserve’ ‘move’ ‘just do it’ ‘partisan politics’ etc… The people of Minnesota were divided on this measure and the politicians knew it and everybody tried to represent every idea and challenge the FORCEFUL nature of the NFL. We have been and always will be under the thumb of the owners and the league, but at least we made them sweat and fight and dig deep to bully us in to this deal… WAY TO GO MN!!!! Keep sticking it to them, b/c we all know within 3 years of this thing being built, we will be bought and sold by another group of NFL jesters.

  4. Anybody know if there is a a final deadline to get this signed, sealed, and delivered? Is it any day now or is it weeks away?

  5. so the tax payer will put up 400 million or so and if the game dont sell out thay cant watch well hell!!! i think the tax payer should put up another 100 million to add 50.000 seats…PRIVATE PROFIT WITH PUBLIC MONEY and you cant even watch..

  6. It would be very hard for the Vikings to walk away from a deal for $50 million more than they had agreed previously. They knew they would have to offer something at the end to seal the deal. This is it. I doubt the League would let them walk away either.

  7. @contra they have to be done in the next couple days or they will have to call a special session and I think no one wants that. I would expect by tomorrow night it will be done.

  8. I’m no attorney… but how can a provision in law to reap a share of the profits from the sale of an asset that the state didn’t pay for be upheld when challenged in court?

    In other words… though the state is paying for part of the stadium they get to reap the benefits of that stadium through rent, taxes, etc. But they didn’t contribute to the purchase of the Vikings themselves. The Wilfs and their partners borrowed or dug into their personal wealth to do that.

    So when the Vikings are sold how can the state be entitled to a cut of the profit? I doubt they can… but then again… I’m no attorney.

  9. If a team can’t leave a city without working in good faith to stay, the Vikings have no leg to stand on if they do want to move. Looks like a fair deal to everyone from up here in the peanut gallery.

    Rams, looks like you’re next on deck to be shaken down by the NFL to keep your team. And I mean shakedown in the most Mafia way.

  10. and tomorrow the house will pass a bill that has the vikings paying for the entire stadium
    vikings need to say we will pay said amount nothing more

  11. I’m not sure why Vikings fans are celebrating…the Vikings organization has been curiously extremely quiet. The fans seem to think this is “over” and ground is going to be broken.

    I wouldn’t count your chickens just yet…

  12. As for a deadline, the legislature by law only has two official working days left with today (or should I say tonight) until 6:59am counting as one of those days. So, one way or another we should know within 24 hours. As for if the Vikings will go along with the extra $50 million, well, lets just say I am sure that is why it is 10:30pm and this is just getting ready to hit the house floor. Today was more about talking to Ziggy and the NFL about how much more they are willing to kick in.

  13. contra74 says:
    May 9, 2012 11:17 PM
    Anybody know if there is a a final deadline to get this signed, sealed, and delivered? Is it any day now or is it weeks away?
    ————————————————-

    I think it needs to finished by tomorrow and voted on by both parties tomorrow. Then I heard on Kfan it could be on Dayton’s desk for signature on Friday, although the Vikings will need to agree on the $50 mil, so next week seems more realistic to me.

  14. contra74 says:May 9, 2012 11:17 PM

    Anybody know if there is a a final deadline to get this signed, sealed, and delivered? Is it any day now or is it weeks away?
    ________

    The House and Senate both have to vote on it by 7 AM Friday. Dayton can sign it anytime after that. Gerbschmidt will be crying in his Leinenkugel all weekend.

  15. Knowing the GREEDY NFL, it will never be good enough… NFL owners will never be happy until all 32 billionaires own everyone and everything in the world…

  16. @MJkelly…..pretty informed comment there big guy. Considering the fact that a Vikings game hasn’t been blacked out since 1996. Obviously a big issue dumba$$.

  17. only thing that matters for vikings is the best back in the league, adrian petersons return.

  18. Anybody know if there is a a final deadline to get this signed, sealed, and delivered? Is it any day now or is it weeks away?

    They only have one session day left to use, so we should find out in the next 24 hours. Unless they call a special session which I highly doubt.

  19. I would like to see how that “clawback provision” is worded, because if I were an owner it would be a cold day in Hades before I would share the profits from the sale of something I own.

    Did they kick in financially to help him buy it? If not, why should they get a percentage of the profit when he sells it?

  20. @contra74-Deadline is Thursday (tomorrow) for house and senate to sign. Then the gov can sign it on Friday.

  21. Oh-and here is a little nugget for everyone-I got a call from my state senator in response to an email I sent him…he told me that he already know that there will be enough votes to pass it. (Not a joke-this call happened earlier this evening.) New Stadium-here we come!

  22. @skolvikesskol… The MN politicos have done a nice job hammering out the numbers and figuring creative areas of leverage. Mainly, they have crunched the numbers. With a public investment that is too cumbersome, state governments are unable to reap the benefits on their end of stadium projects. It’s just more dough for the owners. If the NFL wants local communities to be “partners,” the NFL will need to stop trying to strong arm states and municipalities into caving on their every whim.

  23. mjkelly77 says:May 9, 2012 11:13 PM

    It’s not yet known whether the final bill preserved the no-blackout provision that the Senate added to the stadium bill.
    _________________

    For Vikings fans, that’s the most important provision.

    How do you figure? The Vikings haven’t had a blackout since 1997 despite several uncompetitive seasons.

  24. How does Los Angeles Rams sound ????? If you take the time to read ? I think the rams are discussing going home …. They may be the only team who could stay in LA …. Its their History their …..Their only Super Bowl was there…….

  25. LA Vikings has a nice ring to it.

    It seems like there was some give and take in the original bill, now they just increase what the owners contribute, add a no blackout clause, and oh yeah if you sell the team we take part of the profit. On the other hand you can go to LA have a stadium that you contribute nothing to, and the value of your team almost doubles, if I’m a businessman it’s an easy choice, remind me is wild a businessman or someone with ties to MN?

  26. Also read that the Vikings were included in the negotiations so apparently they are on board with the final version.

  27. mjkelly77 says: May 9, 2012 11:13 PM

    It’s not yet known whether the final bill preserved the no-blackout provision that the Senate added to the stadium bill.
    _________________

    For Vikings fans, that’s the most important provision.

    _________________

    There hasn’t been a blackout in Minnesota in 16 years. The Vikings were 9-23 the last two seasons and still sold out every game.

    Weaksauce.

  28. Were at the 5 yard line!!! And ready to score a stadium and tomorow it gonna B a tochdown!!!

  29. Why the change in tone, Florio? You were so quick to volunter we Minnesotan’s money at twice this price and to castigate us in no uncertain terms for not signing up to pump a BILLION dollars into ANOTHER stadium when we’re still firing police and laying off teachers…
    So now, when we’ve reached a fairly reasonable compromise— god knows you and the other Tea Baggers won’t recognize that word, look it up, compromise, it’s a good one — you suddenly feign indifference and objectivity? Sheeet, you ARE a politician, aren’t you Mister Lawyer, you and your 13 inch neck that never so much as smelled a locker room but are somehow considered an expert on pro football… No comment? Seriously??? NOW you’re taking your opinionated far right extremist nose out of our business??

  30. Meanwhile, AEG has been spotted making it’s way out of Minneapolis, southbound via I-35. Presumably on their way to St. Louis..

  31. Are you people in Minnesota crazy there is no way the owner will agree to these terms. The 50 million increase he can probably live with but a share of the profits if he sells, HELL NO lifting of the blackout provision forget it. It looks like the Vikings will be joining the Lakers on the left coast. So Sorry from Steeler Nation

  32. From what I’ve heard on KFAN, tomorrow will probably be the day we hear the final yes or no.
    This final bill will be presented to the House and the Senate one last time for a final yes or no. God, I hope they don’t screw this up, lets get this done. SKOL

  33. Lester Bagley: ‘Tonight I am pleased to annouce the Minnesota Vikings have reached a deal with the Minnesota Legislature to build a multi-use stadium.

    Vikings accept $477 offer for contribution!

  34. contra74 says:May 9, 2012 11:17 PM

    Anybody know if there is a a final deadline to get this signed, sealed, and delivered? Is it any day now or is it weeks away?

    ===============================

    The legislature wants to adjourn tomorrow. I would expect a vote sometime tonight, or tomorrow morning. The last I heard the governor is expected to sign the bill by Friday at the latest. I would expect the Vikings to agree to pay a little more, even though Zygi, as a real estate giant, doesn’t want to appear a weak negotiator in his future deals. This has to get done now…..sometime tonight I would say.

  35. the vikings have accepted this bill per pat kessler of wcco. the final vote to seal the deal is expected within the next 12 hours!!

  36. Final deadline to vote this session is Thursday, not sure of a time deadline but must be done Thursday because session cannot last longer than 120 days with no laws being past on said 120th day. 120th day is Friday. So all us Vikings fans shall know the fate of our favorite team by the end of business Thursday. Skol

  37. The House will vote late tonight/early tomorrow morning. The Senate will vote tomorrow sometime during the day/evening and then the Gov. will sign it before the end of tomorrow. We’re almost there!

  38. Contra74

    Yes there is, the session must be done by the 24th but they have used up almost all there session days and only have 2a more days they can use. It will either be tonight or tomorrow. The house was scheduled to meet at midnight but no word if that still on.

    All and all this is great for MN, vikings and the fans. Most people get upset with using state money but it isn’t like Ziggy owners it the state does and with 300/400 events there a year the state gets the most use out of it. Really glad it is getting done because either the team would move or be sold and we couldn’t have a better owner that wants to win and will spend the money. Give it time and the results will come. This is a great for MN, the Dakotas, Iowa, parts of canada and viking fans all over. Not a done deal yet but sure looks good.

    Go vikings

  39. No actual word on if the Vikings find these new numbers “workable”? All of this won’t mean much if they decide that they were topped out at $427M and don’t agree to the changes.

  40. The house just passed the bill at 3:30am by a vote of 71-60. On to the senate later today. Never in my life did I think I would be up this late watching our legislature on tv!

  41. Revised Bill passes the house at 3:30am by 71-60 vote…onto the Senate today at 9am!

  42. mjkelly77 says:
    May 9, 2012 11:13 PM
    It’s not yet known whether the final bill preserved the no-blackout provision that the Senate added to the stadium bill.
    _________________

    For Vikings fans, that’s the most important provision.
    —————————————–
    For idiots that spew information without knowing anything, the Vikings have sold out their home games for 13 years straight.

  43. To cover thier share of the stadium cost, the Vikings will sell 1,908,000 shares of fake Packer stock! The dweeb to the east will no doubt line up in droves to buy them!

  44. I wish you guys would be a little more honest here. Yes the Vikings have sold out for the last 14 years. But, how many times were there corporate buyouts during this time. At least a few and a few extensions to get to the buyout.

    At least we don’t have to listen to PA beg for a stadium anymore. Glad it is over.

  45. The blackout provision is not in there, that’s why the $$ amount has changed. Either way if I was a Vikes fan I’d be happy with the stadium. It’s obvious how this all played out, that if they didn’t do it, the team would without a doubt move by 2014 at the latest.

  46. ezwriter69 says: —ahhh who cares what you say in your anti-teaparty rant. You’re writing just reaks of opened minded tolerance as you hurl insults even as you try to lecture about compromise (on your terms). LOL – entertaining though I have to admit.

  47. There are so many politicians tht are going to be voted out of office for dragging their feet on this issue and trying to derail it. Can’t wait until November elections!

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