The city of San Diego submitted its Chargers stadium proposal to the NFL yesterday, and — stop me if you’ve heard this one before — it’s just a rehash of where things have stood for a while now, not an actual new bid. The actual 41-page letter can be found here, but it’s the same plan that Mayor Kevin Faulconer proposed back in August:
- $200 million in cash from the city, to be raised via lease revenue bonds (which San Diego officials say won’t require a public vote), then paid off by the city out of general revenues
- $150 million in cash from the county (which would require a public vote, which couldn’t take place until June)
- $362.5 million from the Chargers (who could use naming-rights fees to cover part of this)
- $187.5 million from PSL sales
- $200 million from the NFL’s G-4 program
Chargers owner Dean Spanos has repeatedly rejected this plan on the grounds that he doesn’t want to have to wait and see how people vote, but it’s the only plan he’s getting, so. Also, right now all three team owners (Chargers, St. Louis Rams, Oakland Raiders) have shown little interest in their current cities’ stadium plans, so there’s not much to separate them in terms of who should get to move to L.A. because of their unhappy home life.
As for the NFL as an entity, it issued a carefully phrased statement thanking everyone for playing, and offering them a complimentary edition of the home game:
“All three submissions are generally consistent with our most recent discussions with public officials and task forces,” the statementx read. “We appreciate the leadership that public officials have demonstrated on behalf of the three cities. There is a great deal of information for the three teams and all of NFL ownership to review and consider. At this point, no applications for relocation of a franchise have been filed.”
The first NFL owners meeting to discuss this mess and try to come to some sort of consensus — remember, it takes a three-quarters supermajority for the NFL to decide on relocations — is a week from Tuesday. Sadly it will not be televised, because it would blow The Decision out of the water.