One of the documents holding up the Raiders stadium progress in Las Vegas is the lease with UNLV. The Nevada Board of Regents will a review a draft of the lease next week.
The lease agreement gives UNLV access to most of the revenues generated from UNLV games, like parking, ticketing and merchandise sales.
UNLV will get to use the on-site parking of the stadium, which totals less than 3,000 spots, and keep the revenue. But the Las Vegas Stadium Authority will keep revenues from off-site parking lots, which have yet to be identified by the Raiders.
UNLV will also get to keep the revenue from ticket sales, including premium seating and suites, with the exception of 30 suites that the Raiders will keep for themselves.
And the university will be able to sell merchandise in the stadium and keep the revenue. But again there is one exception, and that is the revenue from UNLV gear sold in the Raiders official team store in the stadium.
One of the larger concerns for UNLV has been the design and look of the stadium with regards to UNLV branding. The Rebels will have signs at each entrance and will be able to add temporary signage during games.
Plus the Rebels will get their own field. The Raiders will pay for UNLV have a seperate turf field, while UNLV is responsible for paying for any logos or designs they choose put on the turf.
With regards to revenue and branding, UNLV has managed to get a decent deal even if the Raiders are still able to stick their hands into some of their revenue streams.
The problem for UNLV will be putting a quality team on the field, as the university will have to pay operating costs of gameday. So if the Rebels continue to average less than 20,000 fans per game, the university will likely lose money, despite hauling in revenue.
Scheduling has become a quirky issue, as UNLV has been given the right to schedule just two non-conference home games each season at the stadium. That is in addition to the four conference home games UNLV will play each season.
While UNLV has played just two non-conference home games in each season under Tony Sanchez, the Rebels have three non-conference home games already scheduled for 2020.
The language of the agreement implies that UNLV can schedule more non-conference home games, but they will be low priority for the event schedule makers at the stadium.
UNLV is also only allowed to schedule games seven years in advance; the Rebels already have a game scheduled against Cal for the 2026 season.
Plus the Raiders hold a trump card, where they can make UNLV move any game if there is a potential conflict with a Raiders home game or an NFL event at the stadium.
UNLV will be allowed three non game day dates at the stadium as well for events like graduation or a spring game.
Adding sponsors in the new stadium may become an issue for UNLV as well. The university is allowed to have its own sponsors through temporary signage. But those sponsors can’t conflict with any sponsors the Raiders give exclusive rights to at the stadium.
The Raiders can give as many as 14 sponsors exclusive rights.
That means if the Raiders give McDonald’s an exclusive sponsorship, UNLV can’t have Cane’s as a sponsor in the stadium.
That part of the agreement could hinder UNLV’s ability to add revenue with new sponsors.
The Board of Regents will discuss the document next Thursday, and could vote on it on January 19. The Board of Regents and Stadium Authority both have to approve the lease.
Tyler Bischoff hosts Coaches Corner on AM 720 KDWN Monday through Friday at 6:00 pm.