The Nevada Board of Regents met today to discuss to the UNLV lease agreement for the new Raiders stadium in Las Vegas.
For the first time, we were given potential numbers on the rent UNLV will play. The university's rent can not exceed gameday expenses.
The high end for UNLV's rent is $250,000 per game. The low end is $50,000 per game. That number will likely vary from game to game.
Daniel Etna of Herrick, the NY law firm retained by UNLV, says initially estimated stadium rent of $250k per game is on the high end and should be lower, based on more research. Rebels currently paying $50-75k per game at Sam Boyd.
— Adam Candee (@adamcandee) January 4, 2018
At $250,000, UNLV could be paying as much as $1.5 million in rent for a six game home schedule.
Steve Hill, the chairman of the Stadium Authority Board, indicated that the cost of a college team playing in in an NFL stadium usually ranges from $100,000 to $175,000 per game.
A big problem for the regents stems from the Raiders ability to cancel or reschedule UNLV games.
The Raiders are the top priority in the stadium and have been given the right to cancel a UNLV football game for any Raider or NFL event.
The chances of a UNLV game being canceled in place of a Raiders game are slim, but the possibility of it is scary for the regents.
As of now, UNLV would not only be left scrambling to reschedule a game, but UNLV would also be responsible for any penalties or fees associated with canceling or moving a game.
Tyler Bischoff hosts Coaches Corner on AM 720 KDWN Monday through Friday at 6:00 pm.