May 11, 2012 at 7:26 am
MINNEAPOLIS (AP) - The Minnesota Vikings and the University of Minnesota have reached preliminary agreement on the Vikings' use of TCF Bank Stadium during construction of a new Vikings stadium.
The letter of intent provides the Vikings will reimburse the university for all changes they require for the campus football stadium. The Vikings also would reimburse the school for all non-game day expenses and game-day operational expenses related to the Vikings' use of the stadium.
In addition, the Vikings will pay rent to the university and share part of the additional concessions and sponsorship revenues.
Under the agreement, the Vikings will pay the university a fixed fee of $250,000 per game. The combined rent and expected concessions and sponsorship revenue would amount to $300,000 per game, or $3 million per regular NFL season.