The NFL has not yet committed $100 mil extra 2 St. Louis stadium, my story


The NFL has not committed to spend another $100 million on a proposed St. Louis stadium, a key element of the $1 billion stadium package that won a key approval today at the city’s board of alderman. A final vote is set for Friday.
“We are not saying there is guaranteed $100 million coming from the NFL,” said Dave Peacock, co-chairman of the ST. Louis stadium task force .“They are going to have to go through their various committee approvals and league approval to determine if that is something they are going to do relative to the things that we are willing to do on the public side.”
Peacock is referring to letting the team playing in the stadium keep ticket taxes, an element not part of the previous proposal.
Eric Grubman, the NFL executive vice president in charge of the LA process and who last week told a St. Louis radio station that the stadium bid there fell short, declined to comment.
There appears to be no precedent for the NFL to go above and beyond the normal stadium financing pools it makes available to teams, and which in this case is already $200 million.
Peacock said he has discussions with many league sources, including owners, about the idea of more money for the stadium.
“We have done as much probing as we can with different people before we put something out,” Peacock said. “We were in a position where we wanted to put something in legislative form that we felt was going to pass and was going to put our best proposal forward.”
The development emerges a few weeks before owners are scheduled to meet in Houston on January 12 to potentially vote to allow relocation to Los Angeles. Three teams are expected to file relocation bids: the St. Louis Rams, Oakland Raiders, and San Diego Chargers.
The Rams have not engaged with the St. Louis process, and have proposed a stadium in Inglewood, Calif. The Chargers and Raiders are jointly proposing a stadium in Carson, Calif.

Follow me at @dkaplansbj

Reply · Report Post