Skip to content

Cleveland gets city to hand over $30 million

Miami Dolphins v Cleveland Browns Getty Images

The NFL has become so adept at getting money out of the hands of cities, that they’re now convincing them it’s less than they’re getting.

According to Mark Naymik of the Cleveland Plain Dealer, the Browns and the city of Cleveland have agreed on a plan that would give the team $2 million a year over the next 15 years out of the pool of taxpayer money.

So $30 million’s not a bad deal right? The story says the “true cost” of the handout is only $22 million, “because the money is being committed at the present-day value of the dollar.”

The city’s wallet must feel fatter already.

Either way you count the beans, the Browns are getting someone else to shake the stalk for a chunk of the $120 million in improvements they’re making to the new stadium.

“I would do nothing to put the city of Cleveland in jeopardy, . . . or sidetrack or disrupt a councilman’s desire to have development in their ward,” Cleveland Mayor Frank Jackson said. “It’s $2 million a year that is not needed to provide the level of service that we are providing today.”

Of course, if they don’t find a quarterback, the Browns won’t need the new scoreboard to provide the level of offensive highlights they’re providing today, so it kind of evens out.

Permalink 14 Comments Feed for comments Latest Stories in: Cleveland Browns, Home, Rumor Mill
14 Responses to “Cleveland gets city to hand over $30 million”
  1. PFT=crap says: Nov 21, 2013 7:01 AM

    I can’t get mad at owners for asking, but it infuriates me when municipalities actually capitulate and agree to deals like this. What is the direct benefit to the city of Cleveland if the Browns get a new scoreboard?

  2. sfm073 says: Nov 21, 2013 7:01 AM

    Whatever happened to loans? If I need $50k to make improvements on my house I have to take a loan out. Why can’t NFL teams do the same?

  3. fdallas says: Nov 21, 2013 7:24 AM

    The NFL makes an obscene amount of money from a variety of revenue streams. The fact that taxpayers anywhere should have to bear the capital cost to further build this empire is beyond absurd.

  4. betterandbetterthan says: Nov 21, 2013 7:32 AM

    Doesn’t time value of money work the opposite way?

  5. fordmandalay says: Nov 21, 2013 7:38 AM

    Another city held hostage by billionaires, demanding blood money from taxpayers so they can make a little more profit – or else.

  6. akatrain says: Nov 21, 2013 8:03 AM

    You should really read the lease agreement . this is actually saving the City from making payments in the 5 to 8 million a year range over the last 5 years of the lease . And it meets the obligation for the lease . By spreading it out over the 15 years and hopefully having the sin tax renewed , the city is avaioding huge payments they could never afford toward the end of the lease .

  7. tmoore94 says: Nov 21, 2013 8:21 AM

    The city is required to pay that money under the teams of the lease they have with the team, but why let the facts get in the way of a rip job?

  8. matt2calvin says: Nov 21, 2013 8:41 AM

    Assuming the “city” in your headline is in fact Cleveland…

    The headline reads:

    Cleveland gets Cleveland to hand over $30 million

    I hope you didn’t have to repay your school loans, because you certainly didn’t get a very good education…

  9. csilojohnson says: Nov 21, 2013 8:51 AM

    I will never understand the rational of forcing people to pay for something 98% of the city is not able to use. Due to blackouts or outrageous ticket prices.

  10. abninf says: Nov 21, 2013 9:49 AM

    Didn’t Cleveland have it’s credit rating downgraded a couple of years ago because of massive debt?

  11. crownofthehelmet says: Nov 21, 2013 1:18 PM

    Unless they hand that directly over to the refs this Sunday, expect a very sound L.

  12. drunkadamschefter says: Nov 21, 2013 1:29 PM

    Saw someone bring up the sin tax. I highly doubt that it’ll be renewed.

    Hell, I don’t even know how it passed the first time.

  13. pabrownsfan says: Nov 21, 2013 2:59 PM

    I am quite sure if you would check the net worth of N.F.L. owners they can afford these things on their own. Am I the only one that thinks tax payers are getting screwed every time and in every city?

  14. rcali says: Nov 21, 2013 3:25 PM

    Sounds like the city signed a bad agreement but when you are desperate you make bad decisions and Cleveland was desperate to get a new team. The NFL and owners takes advantage of desperate cities.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!