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Vikings' new stadium will cost insane amount

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Vikings' new stadium will cost insane amount

From Comcast SportsNet

ST. PAUL, Minn. (AP) Now that the Minnesota Vikings will get their new stadium, the worrying can begin over a gambling expansion designed to pay the state's share of the 975 million project.

By passing the final stadium bill Thursday, lawmakers committed the state to raising 348 million by allowing electronic pull-tabs and bingo in bars and restaurants. The financing plan drew skepticism on the bill's way through the Legislature, prompting the sponsors to include backup measures in case the pull-tab dollars don't materialize, including a lottery game and luxury suite taxes.

Gov. Mark Dayton has pledged to sign the stadium bill into law after serving as its chief cheerleader. Backers pushed it through the Legislature after years of failed attempts, despite opposition from no-new-spending Republicans, liberal Democrats and even the top House Republican, Speaker Kurt Zellers. Lawmakers were on the receiving end of an intense outpouring of support from Vikings fans, while the state's business leaders and labor unions also put their clout behind the project. Minneapolis Mayor R.T. Rybak brought 150 million from his city to the table, subject to a City Council vote later this month.

But money questions were on the sidelines Thursday as Vikings fans celebrated the bill's passage. In the Senate gallery, fans broke out in a rendition of the ''Skol Vikings!'' fight song, earning a reprimand from the Senate secretary.

''Let's build it!'' shouted Vikings vice president Lester Bagley, the team executive who spent much of the past decade lobbying for the nearly 1 billion stadium. The new stadium will be built on the downtown Minneapolis site of the 30-year-old Metrodome, an inflatable bubble-topped building the Vikings argued did not generate enough revenue for the team to compete.

On Thursday, the Vikings and the University of Minnesota announced they have reached preliminary agreement on the Vikings' use of TCF Bank Stadium during construction of a new Vikings stadium. 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 that the Vikings would share with the university would amount to 300,000 per game, or 3 million per regular NFL season. The Board of Regents takes up the agreement Friday, and university President Eric Kaler could sign the letter of intent in the next few days.

The Senate vote capped an amazing comeback for the Vikings' stadium dreams, which just a few weeks ago were fizzling before a visit from NFL Commissioner Roger Goodell crystallized fears that the Vikings could leave the state without a new home.

At a celebratory news conference, owner Zygi Wilf recalled when he and his brother Mark first took ownership of the team nearly seven years ago and being asked whether they would move the team.

''We kept on fighting that this day would come, and it's here today,'' Wilf said.

Dayton publicly thanked the Wilfs for agreeing to a 50 million bump in their share in final negotiations this week.

''Without your willingness to take that last step, we wouldn't have crossed the goal line,'' the governor said.

The stadium project - with 51 percent of the construction cost covered by taxpayers - comes after years of state deficits and spending cuts to schools, health care and other programs. The state is currently in the black, but a 1 billion-plus deficit is projected for the two-year budget that starts in mid-2013.

''When this doesn't work, it's money right out of schools, right out of welfare, right out of health care, right out of you name it - everything we spend money on,'' said Sen. Sean Nienow, R-Cambridge, before he cast a vote against the project.

Opponents on both sides of the political spectrum predicted that the state is likely to further expand gambling if the electronic pull-tabs - now just a low-tech paper game offered in bars and restaurants - don't bring in enough money.

''They'll want to double down on the bad deal. We've created a monster here,'' said Sen. Dave Thompson, R-Lakeville, leader of the conservative faction within the GOP Senate caucus.

Stadium supporters noted that the final deal required the team to round up 477 million from private sources, 50 million more than originally promised.

Sen. Doug Magnus, R-Slayton, said he is confident the gambling money will come through. The bill envisions the new electronic games bringing in 59 million a year in tax revenue by 2014. But if tax collections end up being lower, a sports-themed lottery game and a 10 percent suite tax would kick in. Together the two measures would raise 4 million a year, Magnus said.

''Certainly there are a lot of folks that are never going to support any stadium no matter if a fairy godmother dropped one next door to us,'' said Magnus, who participated in a legislative group that worked behind the scenes on a bill for two years.

Over the long term, supporters also expect the stadium to be a good deal for the state. Sen. John Harrington, DFL-St. Paul, said he expects the return on the state's investment to be substantial over time. The Metrodome was built for 55 million, including 33 million in public money, and ended up bringing in hundreds of millions in tax revenue over the past three decades. Harrington said he voted yes on the stadium to help put people to work.

''I have 20 percent unemployment on the east side of St. Paul,'' he said. ''I need every job in this bill that we can possibly come up with.''

The deal guarantees the Vikings' future in Minnesota for three decades. Bagley said the team's billionaire owners, New Jersey developers Zygi and Mark Wilf, supported the final plan, even with the additional private cost, because time was running out. Senate passage came on the last day the Legislature was allowed to take votes.

''It's a good deal for the state, it's a good deal for our fans and it's a good deal for Minneapolis. It's a fair deal,'' Bagley said.

The Vikings intend to take advantage of an NFL loan program, sell naming rights and possibly impose seat license fees to help cover the team's end of construction costs. They will be bound by a 30-year lease on the stadium and pay about 13 million a year in operating fees. Minneapolis will kick in about 7 million a year for operating costs, and a public authority will have the power to rent the stadium on non-game days for concerts, conventions and special events such as monster truck rallies.

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NBA offseason grades: With Kawhi Leonard, Raptors shined most in Atlantic Division

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USA TODAY Sports

NBA offseason grades: With Kawhi Leonard, Raptors shined most in Atlantic Division

Here is a look at how the 2018 NBA offseason went for teams in the Atlantic Division...

Toronto Raptors, B+

2017-18 finish: 59-23, 2nd round of playoffs
In: F Kawhi Leonard, G Danny Green, C Greg Monroe
Out: G DeMar DeRozan, C Jakub Poeltl, C Lucas Nogueira

The Raptors had one of the more consequential offseasons of any NBA team this year. First, they fired Dwane Casey, the 2017-18 NBA Coach of the Year, following a season in which they won 59 games. Then, they pulled off the biggest trade of the summer, a deal that featured two perennial All-NBA players. They let go of DeRozan and brought in Leonard in return. If they hadn't parted with DeRozan and Casey, they may have gotten an A. But it's hard to tell how much better they will be following the deal and Leonard does bring with him some concerns based on his quadriceps injury and the fact he has only one year left on his contract. The Raptors do, however, also get points for re-signing point guard Fred VanVleet.

Boston Celtics, C

2017-18 finish: 55-27, conference finals
In: C Robert Williams, G Brad Wanamaker
Out: C Greg Monroe

One year ago, the Celtics flipped nearly their entire roster and brought in Kyrie Irving and Gordon Hayward. This year, they mostly stood pat and didn't add much of anything in free agency or trades. Their biggest acquisition was Williams, who they took 27th overall in the first round of the draft. The Celtics will hope they improve from within. They re-signed Marcus Smart and Aron Baynes, and should get Irving and Hayward back from injuries. They should have plenty of talent to compete for an NBA Finals berth, but as far as this offseason goes, they didn't do much.

Philadelphia 76ers, D+

2017-18 finish: 52-30, 2nd round of playoffs
In: F Wilson Chandler, C Mike Muscala, G Zhaire Smith, G Landry Shamet
Out: G Marco Belinelli, F Ersan Ilyasova

Where do we begin? This summer was about as dramatic and bad as it could get for the Sixers. First, they had to fire their general manager because of a burner Twitter account scandal. Then, they struck out miserably in free agency with LeBron James and Paul George, and in trade talks for Leonard. After that, Smith - their first round pick - hurt his foot. And along the way, Ben Simmons has been dating a Kardashian, flirting with the curse that has claimed many pro athletes before him. Philly did re-sign J.J. Redick and Johnson, and the Chandler trade was nice, but all in all it was an offseason that fell way short of the Sixers' expectations. That said, they can still get way better next season based solely on their young players taking another step.

New York Knicks, B

2017-18 finish: 29-53, missed playoffs
In: F Mario Hezonja, F Kevin Knox, F Noah Vonleh, C Mitchell Robinson
Out: F Michael Beasley, G Jarrett Jack, F Kyle O'Quinn

It's been a while since the Knicks had an offseason to write home about and this one is no exception. There was nothing they did that would flirt with an A-grade. However, the early returns on their draft are excellent. Knox and Robinson were both standouts in the Summer League and offer fans a little bit more hope about the team's future. As long as Kristaps Porzingis can return this season safe and sound from his ACL tear, the Knicks could take a step forward in 2018-19.

Brooklyn Nets, C+

2017-18 finish: 28-54, missed playoffs
In: F Ed Davis, F Kenneth Faried, F Jared Dudley
Out: F Dante Cunningham, G Nik Stauskas, C Jahlil Okafor

The best news about the Nets' offseason is that their trade with the Celtics, the one that stripped them of years of first round picks, is finally over. Next year, the Nets will have a first round pick. This summer, they once again didn't add any major pieces in the draft, but seemed to make some smart moves in free agency. The Davis deal is solid and Faried may benefit from a change of scenery. More baby steps for Brooklyn.

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Dmitry Orlov dazzles his hometown of Novokuznetsk with the Stanley Cup

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USA Today Sports

Dmitry Orlov dazzles his hometown of Novokuznetsk with the Stanley Cup

Friday featured Dmitry Orlov and his jam-packed schedule with the coveted Stanley Cup.

The 27-year-old native of Russia decided to take the Cup to Novokuznetsk (located in the southwest region of Siberia) for a meet and greet with fans by the Ferris wheel at Gagarin City Park.

It should be mentioned that Orlov's day with the trophy was nearly derailed after a travel glitch that sent the Cup to Novosibirsk instead of his hometown. 

Thanks to the ultimate assist from a helicopter, the Cup arrived in style and set up one memorable entrance for the defenseman. 

Orlov released this hype video which highlights his entire day on Instagram: 

Дорогие друзья! Огромное спасибо, что разделили с нами наш праздник! Для нас это значимое и большое событие! Ещё раз приносим искренние извинения за задержку с кубком! И спасибо за понимание, мы старались сделать все максимально быстро! Спасибо за тёплый приём! Нашим родным, друзьям, тренерам, отдельная благодарность! Вы сделали наш праздник, наш день! Мы никогда не забудем этот праздник! P.S. Лена @govor_elena , тебе и твоим родным, отдельная благодарность, если бы не ваша помощь, то не известно когда бы кубок был в Новокузнецке!

A post shared by Dmitry Orlov (@orlov_09) on

Talk about a banner weekend for the Washington Capitals. The Ovechkins welcomed their new son, Sergei Aleksandrovich, into the world and Orlov pulled off yet another spectacular day with the Cup.

 

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