WhoDat

Whodi - thanks for the info. I stand corrected.

BMG - did he blink? I don\'t know I saw it that way. The State needs to renegotiate to A) reduce short-term direct payments and B) ensure that the Saints will be in N.O. long-term.

I think Benson took his $87 million ball and went home. He\'s laying back saying, \"fine, you don\'t want to give me what I want, then I\'ll just be here waiting for my tens of millions of dollars that is due in a month or two. See you then!\"

CheramieIII

I agree that he won\'t move the team at least until 2011 or if LA agrees to pay his buy out clause and move them in 2008. I had a different read on the story. I truly believe Benson believes that the longer he stops negotiating and only provides silence to the questions, in the end he will make the state blink. He is a car salesman guys, the oldest trick in the book.

dberce1

add this to the mix:

Blanco seeks meeting date from Saints owner


By The Associated Press
Gov. Kathleen Blanco has invited New Orleans Saints owner Tom Benson to the Governor’s Mansion this week or next to resolve stalled contract talks with the team or to determine if a deal can\'t be reached.
\"We have not heard anything back,\" Andy Kopplin, Blanco\'s chief of staff, said.

Tim Coulon, Blanco\'s chief negotiator and chairman of the Superdome Commission, said he sent an e-mail to the Saints on Sunday and spoke to Saints Executive Vice President Arnold Fielkow on Tuesday about a response to the state\'s latest offer, tendered more than three weeks ago.

Benson \"doesn\'t owe us a meeting,\" Coulon said. \"He does owe us an answer.\"

http://www.2theadvocate.com/stories/...onmtg001.shtml

ScottyRo

I say the state fund the superdome renovations with bonds. Leave Benson out of it and deduct the value of the extra suites from the amount the state is paying him yearly.

WhoDat

Two problems with that, as I see it... I\'m not saying it\'s a bad idea, I\'m just saying that there are two things that I can thing of that might interfere with the plan.

1. I saw something a while back that said that something like 60% of the citizens of LA were against additional funding for Saints-related projects. I can\'t remember where it was, if I can I\'ll look it up. Regardless, $160 million is a big-a$$ bond for a state with no money, a questionable political history (which would affect their bond rating), and a population who doesn\'t want or have money to buy their bonds.

2. I believe that under the current contract, all revenue from the suites goes to Benson, no? If memory serves, he gets just about everything - concessions, etc. - but pays for nothing - staff or supplies, etc.

I think that all \"ticket revenue\" (which is what suites fall under) goes to the Saints. Benson (as with other owners) gets to keep the mark-up on suites, but the normal seating goes to a big NFL pot that is then redistributed to evenly amongst all teams. That\'s why Benson wants more suites. It\'s more money directly in his pocket... which is what all owners want. That and a new toy.


Again, I think this is bad news. He holds all the chips. He has something the State wants. What does the state have? It is already obligated to pay him directly. He has the naming rights to the Super Dome. He has the concessions and suites and merchandising, etc.

At this point, the State has nothing to offer. If they don\'t lock him down long-term, he can pit cities against each other later and really make things expensive for the State to retain him.

No talk is a bad sign, IMO.

\"Excuses, excuses, excuses. That’s all anyone ever makes for the New Orleans Saints’ organization.\" - Eric Narcisse


\"Being a Saints fan is almost like being addicted to crack,\" he said.[i]\"You know you should stop, but you just can\'t.\"

yasoon

Didn\'t somebody bring up the gambling money option?

Throw a freaking small casino in the dome and forget about it.

Isn\'t that what Indy did?

In times of economic strain there are a few things that never fade in value: hookers, gambling, alcohol, and drugs

The Superdome Casino, baby. Build it and they will come