Article on Jerry Richardson's Succession Plans

[Floppin]

So do lot's of other billion dollar businesses in CLT. Glad you are ok with corporate welfare.

Almost all billion dollar businesses get public funds of some sort or another. Glad you don't complain about public welfare except when it's against the Panthers because you have beef with the way that the team has been playing.

[Panthro]

Point being Charlotte was growing at a rapid rate before the sports teams located here.

Charlotte provided an area of the country where a sports franchise could flourish.

One has more to do with the success than the other

[Panthro]

Almost all billion dollar businesses get public funds of some sort or another. Glad you don't complain about public welfare except when it's against the Panthers because you have beef with the way that the team has been playing.

I'm actually not ok with it.

Glad you are ok with it because omgz you love the Panthers.

[Floppin]

Point being Charlotte was growing at a rapid rate before the sports teams located here.

Charlotte provided an area of the country where a sports franchise could flourish.

One has more to do with the success than the other

This doesn't discount the fact that it's a symbiotic relationship, as such the city is willing to provide funds to maintain a healthy business relationship. Simply allowing the Panthers to exist is not a valid argument.

[Panthro]

This doesn't discount the fact that it's a symbiotic relationship, as such the city is willing to provide funds to maintain a healthy business relationship. Simply allowing the Panthers to exist is not a valid argument.

The city already invests in the areas around the stadium and improving the city's infrastructure. Hell building a baseball stadium with public funds is a better use of money. There is no ROI and there is no cost justification. This is a shake down the Panthers are performing based on the fears of Shinn/Hornets v2.0

I have no issue with the ticket holders paying for the renovations in this case.

[Floppin]

I'm actually not ok with it.

Glad you are ok with it because omgz you love the Panthers.

Meh, I thought I remembered you arguing for bailout and certain "corporate welfare" programs in the TB. Perhaps, I'm mistaken.

Regardless, this isn't a "corporate welfare" case. The Panthers aren't failing and aren't asking to be bailed out. They have asked for the city, based on mutual benefit, to share part of the renovation cost of the stadium. You realize that the city isn't paying the entire bill right, the team is putting in a large portion as well - generally equal to the City's portion?

[Floppin]

The city already invests in the areas around the stadium and improving the city's infrastructure. Hell building a baseball stadium with public funds is a better use of money. There is no ROI and there is no cost justification. This is a shake down the Panthers are performing based on the fears of Shinn/Hornets v2.0

I have no issue with the ticket holders paying for the renovations in this case.

Well, no. That's just the spin that you want to put on it. The City wants the team here, and they jumped a chance to tie the team, financially, to the city. This wasn't the main motivation behind the deal though.

[Panthro]

So you are saying there will be no chance of relocation because of the $125M

[Floppin]

So you are saying there will be no chance of relocation because of the $125M

Is that what I said? It does mean that if they want to move the team they would need to buy the city out, on top of whatever the cost of moving the team would be.

[Panthers_Lover]

So do lot's of other billion dollar businesses in CLT. Glad you are ok with corporate welfare.

Cities, counties and states provide incentives for all kinds of businesses to locate in their areas to provide tax revenue and jobs. Without these incentives, the companies could and would go elsewhere. Same with sports teams.

[Panthro]

So that clause is in the deal?

[fieryprophet]

I never said he is not spending money. I am saying that the salary cap in no way reflects the amount of money being spent on a salaries in a given year.

The only amount Jerry is required to pay is the guaranteed amount which is prorated over the length of the contract.

Just because someone signs a $100M contract does not mean he is guaranteed to be paid $100M.

. . .THAT IS EXACTLY WHAT I SAID. . .

[Panthro]

Cities, counties and states provide incentives for all kinds of businesses to locate in their areas to provide tax revenue and jobs. Without these incentives, the companies could and would go elsewhere. Same with sports teams.

Yeah the difference is "to locate" vs "to renovate"

[Floppin]

Yeah the difference is "to locate" vs "to renovate"

Yeah, Panthro, they do that as well.