I've always wondered this Nak. How does their agreement work with Soldier Field because they don't own it? Also, my be biased but I would think the Bears are in the top 5 for merchandise sales, do they get a lump sum from the company or payment for each thing sold?
This a year old story but gives you some idea about Bears money.
It’s a point of pride for many Chicago fans. Soldier Field isn’t giving in to the sponsorship craze. However, just about everything else surrounding and in Soldier Field will now be eligible to be sold for naming rights.
In an agreement with the city as a part of the deal for the Lucas Museum, the Bears can now sell off naming rights for everything from garages to gates. Crain’s Chicago Business reporter Danny Ecker reported the agreement Thursday.
But gates are only the start. The Bears will be able to sell title rights to the ticket office and will call building outside Soldier Field’s southeast corner, the northwest mezzanine area of Soldier Field and the north garage and mid-south parking garages at the stadium. Team sponsor names will be allowed on all signs related to parking, too.
Also on the potential naming rights list: The stadium’s southeast lawn area, which the team will be allowed to use for its own events.
Ecker reported that other teams with a similar naming rights deal range from $1.5 million to $4 million per year.
The new money will be used for a number of new Bears projects, including new video boards, cub space and possibly a welcome center. Both the Bears and the Park District, which owns Soldier Field, have talked about a possible Bears Hall of Fame and bar/restaurant.
Any possible additions or renovations to Soldier Field would be the first major changes since the complete overhaul in 2003.. Unlike then, this construction shouldn’t hurt the Bears’ ability to play at Soldier Field.
TITLE OF AGREEMENT: Permit and Operating Agreement Lessor: Chicago Park District (CPD) Lessee: Chicago Bears Football Club, Inc.
TERM OF AGREEMENT: This Agreement shall terminate following the final NFL game of the 2033 Football Season. The Club shall have the option to extend the Original Term for four additional periods of five years each.
TERMINATION OF LEASE: Bears default: Upon a Bears Terminating Default, the CPD may terminate this Agreement effective as of the end of the third Football Season. The occurrence of any one or more of the following events constitutes a Bears Terminating Default:
Failure by Club to pay when due the total Permit Fees and any other financial Obligations totaling in excess of $100,000 within five days after written notice thereof from CPD to the Club.
Improper Relocation.
The Club admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors, or applies for or consents to the appointment of a trustee or receiver of the Club or for the major part of their property.
A trustee or receiver is appointed for the Club and is not discharged within 180 days after such appointment.
Bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings for relief under any bankruptcy law are instituted by or against the Club and are allowed against the Club, consented by it, or are not dismissed within sixty days after such institution.
CPD Default: An occurrence of any one or more of the following events shall constitute a CPD Terminating Default:
A breach of this Agreement by the CPD that results in the Club not being able to play two or more Bears Games at the Facility in any Football Season.
A willful breach of the Agreement by the CPD that results in the Club not being able to play a Bears Game at the Facility. A CPD Terminating Default shall not be deemed to have occurred if the cause or reason that the Club cannot play a Bears Game at the Facility is the occurrence of a Force Majeure
ANNUAL FACILITY AND PARKING ALLOTMENT FEE: The Club shall pay to the CPD an annual Facility Fee equal to $4.7 million from January 1, 2004 through December 31, 2007. The Club shall also pay a Parking Allotment Fee of $1 million during this period. Starting after this period, the Fees shall increase by fifty percent of the cumulative increase in the CPI that was occurred during this period. On each fifth period anniversary of January 1, 2008, an increase of similar nature will occur.
CLUB USE RIGHTS:
The Club shall have the right to use and occupy the Facility during the following periods and for the following uses:
Bowl: The Club may use the Bowl for scheduled Weekday Practices during the Football Season.
Club-Lounge Area: The Club may use the Club Lounge Area, the Club Seat Area, the Suites, and such other areas of the Facility that the CPD may consent to in its reasonable discretion upon receipt of a written request by the Club, for a total each calendar year for thirty four ClubRelated Events and Sponsor-Related Events, plus NFL Days.
Facility and Game Day Site: The Club shall use the Facility and the Game Day Site on each Game Day, and is entitled to use the Facility on six occasions per calendar year for Club-Related Events.
Parking: The Club shall be entitled to use the Parking Allotment on each Game Day. The Club shall be entitled to use up to one hundred parking spaces located under the Facility, subject to availability for both Game Days and non-Game Days.
Suites: The Club shall have the exclusive right to use all of the Suites on Game Days, and during Club-Related Events and Sponsor-Related Events provided that the CPD is not using the Bowl.
Parties: The Club may use appropriate Game Day sites for both Tailgate and Corporate Parties. The Parties shall be reasonable in number and reflect the limited space available.
Team Areas: The Club shall have exclusive use and occupancy of the Team Areas at all times subject to the CPD’s rights.
Video Boards and Sound System: The Club shall have the use of and control over the public address system and Video Board on Game Days and non-Game Days on which the Club is entitled to use the Bowl.
MAINTENANCE:
CPD Responsibilities:
The CPD shall be obligated to perform and pay the cost of all Routine Maintenance. Routine Maintenance shall mean the cleaning, maintenance and ordinary repairs to the Facility, and designated Parking areas. The CPD shall be responsible for the cost and performance of Field Maintenance in accordance with the reasonable directions given by the Club consistent with the repair, maintenance, and replacement of playing fields in other NFL facilities similarly situated as to use, wear, and weather.
Club Responsibilities:
The Club shall be obligated to perform and pay the cost of all Routine Maintenance: 1) required or needed as a result of Club Misuse, 2) required or needed for any Club Capital Improvement, or 3) required or needed for the Team Areas, except for basic repair and maintenance for the Bears Administrative Offices, Bears Locker Room, and Bears Storage Area. The Club shall also be responsible for the performance and payment for the washing of the interior and exterior glass of the Suites, and for fifty percent of all Routine Maintenance associated with the Video Boards and LCDs.
INSURANCE:
The CPD shall purchase and maintain at its own cost and expense the following insurance coverage: 1) “All Risk” or “High Risk” property insurance, 2) Boiler and Machinery coverage, 3) Workers Compensation insurance, 4) Automobile Liability, 5) Employee Dishonesty insurance, 6) General Liability insurance, 7) Liquor Liability and Contingent Liquor Liability insurance, 8) Umbrella Liability insurance, Garage Keepers Legal Liability insurance, and Pollution Liability insurance. The Club shall purchase and maintain similar insurances minus Boiler and Machinery coverage and Garage Keepers Legal Liability insurance
I've always wondered this Nak. How does their agreement work with Soldier Field because they don't own it? Also, my be biased but I would think the Bears are in the top 5 for merchandise sales, do they get a lump sum from the company or payment for each thing sold?
Sorry PG as far as their Soldier Field deal goes ,... don't know , .don't care ,.... It could fall off into the lake for allI care while the Bears where in it and the McCaskeys of corse
it's Funny Georgy was saying how impatient he was when talking with Pace the other day ,....,.... those McCaskeys have a funny way of showing it ,..
so lets see since then ,.... the Bears have unloaded a few coaches let's see if they pick up McCoy now
and as for the merchandise sales,... Bears made a killing on that,.... now by judging how the home games looked the last few games,... bet your bippy the merchandise sales are taking a hit ,... as i hope they are,.... the Friggin Crooks can suffer ,....
The Real fan base knows the score ,... Those are the ones who call for Phillips's head and for the McCaskeys to sell.
i'm not some fanboy who worships some loser of a player
I had a whole team of heroes while growing up and into my early bar days ,... NOT SOME overrated loser , the owners seemingly want and /or maybe will continually to bow down to.
MAYBE the Ricketts and Wirtz Families can buy out the McCantski's,...... YES ????
This a year old story but gives you some idea about Bears money.
It’s a point of pride for many Chicago fans. Soldier Field isn’t giving in to the sponsorship craze. However, just about everything else surrounding and in Soldier Field will now be eligible to be sold for naming rights.
In an agreement with the city as a part of the deal for the Lucas Museum, the Bears can now sell off naming rights for everything from garages to gates. Crain’s Chicago Business reporter Danny Ecker reported the agreement Thursday.
But gates are only the start. The Bears will be able to sell title rights to the ticket office and will call building outside Soldier Field’s southeast corner, the northwest mezzanine area of Soldier Field and the north garage and mid-south parking garages at the stadium. Team sponsor names will be allowed on all signs related to parking, too.
Also on the potential naming rights list: The stadium’s southeast lawn area, which the team will be allowed to use for its own events.
Ecker reported that other teams with a similar naming rights deal range from $1.5 million to $4 million per year.
The new money will be used for a number of new Bears projects, including new video boards, cub space and possibly a welcome center. Both the Bears and the Park District, which owns Soldier Field, have talked about a possible Bears Hall of Fame and bar/restaurant.
Any possible additions or renovations to Soldier Field would be the first major changes since the complete overhaul in 2003.. Unlike then, this construction shouldn’t hurt the Bears’ ability to play at Soldier Field.
This is a one year old story and Lucas in the meantime has decided not to build his Museum in Chicago. So there are no concessions deal in place for naming rights since the Bears are not losing any thing. Like all billionaires, George was only flirting with Chicago to see what kind of leverage it gave him.
I've always wondered this Nak. How does their agreement work with Soldier Field because they don't own it? Also, my be biased but I would think the Bears are in the top 5 for merchandise sales, do they get a lump sum from the company or payment for each thing sold?
Never die easy....
This a year old story but gives you some idea about Bears money.
It’s a point of pride for many Chicago fans. Soldier Field isn’t giving in to the sponsorship craze. However, just about everything else surrounding and in Soldier Field will now be eligible to be sold for naming rights.
In an agreement with the city as a part of the deal for the Lucas Museum, the Bears can now sell off naming rights for everything from garages to gates. Crain’s Chicago Business reporter Danny Ecker reported the agreement Thursday.
But gates are only the start. The Bears will be able to sell title rights to the ticket office and will call building outside Soldier Field’s southeast corner, the northwest mezzanine area of Soldier Field and the north garage and mid-south parking garages at the stadium. Team sponsor names will be allowed on all signs related to parking, too.
Also on the potential naming rights list: The stadium’s southeast lawn area, which the team will be allowed to use for its own events.
Ecker reported that other teams with a similar naming rights deal range from $1.5 million to $4 million per year.
The new money will be used for a number of new Bears projects, including new video boards, cub space and possibly a welcome center. Both the Bears and the Park District, which owns Soldier Field, have talked about a possible Bears Hall of Fame and bar/restaurant.
Any possible additions or renovations to Soldier Field would be the first major changes since the complete overhaul in 2003.. Unlike then, this construction shouldn’t hurt the Bears’ ability to play at Soldier Field.
LEASE SUMMARY
TEAM: Chicago BEARS Team Owner: McCaskey Family Team Website: www.chicagobears.com
FACILITY: Soldier Field Facility Website: www.soldierfield.net Year Built: 1924
TITLE OF AGREEMENT: Permit and Operating Agreement Lessor: Chicago Park District (CPD) Lessee: Chicago Bears Football Club, Inc.
TERM OF AGREEMENT: This Agreement shall terminate following the final NFL game of the 2033 Football Season. The Club shall have the option to extend the Original Term for four additional periods of five years each.
TERMINATION OF LEASE: Bears default: Upon a Bears Terminating Default, the CPD may terminate this Agreement effective as of the end of the third Football Season. The occurrence of any one or more of the following events constitutes a Bears Terminating Default:
Failure by Club to pay when due the total Permit Fees and any other financial Obligations totaling in excess of $100,000 within five days after written notice thereof from CPD to the Club.
Improper Relocation.
The Club admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors, or applies for or consents to the appointment of a trustee or receiver of the Club or for the major part of their property.
A trustee or receiver is appointed for the Club and is not discharged within 180 days after such appointment.
Bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings for relief under any bankruptcy law are instituted by or against the Club and are allowed against the Club, consented by it, or are not dismissed within sixty days after such institution.
CPD Default: An occurrence of any one or more of the following events shall constitute a CPD Terminating Default:
A breach of this Agreement by the CPD that results in the Club not being able to play two or more Bears Games at the Facility in any Football Season.
A willful breach of the Agreement by the CPD that results in the Club not being able to play a Bears Game at the Facility. A CPD Terminating Default shall not be deemed to have occurred if the cause or reason that the Club cannot play a Bears Game at the Facility is the occurrence of a Force Majeure
ANNUAL FACILITY AND PARKING ALLOTMENT FEE: The Club shall pay to the CPD an annual Facility Fee equal to $4.7 million from January 1, 2004 through December 31, 2007. The Club shall also pay a Parking Allotment Fee of $1 million during this period. Starting after this period, the Fees shall increase by fifty percent of the cumulative increase in the CPI that was occurred during this period. On each fifth period anniversary of January 1, 2008, an increase of similar nature will occur.
CLUB USE RIGHTS:
The Club shall have the right to use and occupy the Facility during the following periods and for the following uses:
Bowl: The Club may use the Bowl for scheduled Weekday Practices during the Football Season.
Club-Lounge Area: The Club may use the Club Lounge Area, the Club Seat Area, the Suites, and such other areas of the Facility that the CPD may consent to in its reasonable discretion upon receipt of a written request by the Club, for a total each calendar year for thirty four ClubRelated Events and Sponsor-Related Events, plus NFL Days.
Facility and Game Day Site: The Club shall use the Facility and the Game Day Site on each Game Day, and is entitled to use the Facility on six occasions per calendar year for Club-Related Events.
Parking: The Club shall be entitled to use the Parking Allotment on each Game Day. The Club shall be entitled to use up to one hundred parking spaces located under the Facility, subject to availability for both Game Days and non-Game Days.
Suites: The Club shall have the exclusive right to use all of the Suites on Game Days, and during Club-Related Events and Sponsor-Related Events provided that the CPD is not using the Bowl.
Parties: The Club may use appropriate Game Day sites for both Tailgate and Corporate Parties. The Parties shall be reasonable in number and reflect the limited space available.
Team Areas: The Club shall have exclusive use and occupancy of the Team Areas at all times subject to the CPD’s rights.
Video Boards and Sound System: The Club shall have the use of and control over the public address system and Video Board on Game Days and non-Game Days on which the Club is entitled to use the Bowl.
MAINTENANCE:
CPD Responsibilities:
The CPD shall be obligated to perform and pay the cost of all Routine Maintenance. Routine Maintenance shall mean the cleaning, maintenance and ordinary repairs to the Facility, and designated Parking areas. The CPD shall be responsible for the cost and performance of Field Maintenance in accordance with the reasonable directions given by the Club consistent with the repair, maintenance, and replacement of playing fields in other NFL facilities similarly situated as to use, wear, and weather.
Club Responsibilities:
The Club shall be obligated to perform and pay the cost of all Routine Maintenance: 1) required or needed as a result of Club Misuse, 2) required or needed for any Club Capital Improvement, or 3) required or needed for the Team Areas, except for basic repair and maintenance for the Bears Administrative Offices, Bears Locker Room, and Bears Storage Area. The Club shall also be responsible for the performance and payment for the washing of the interior and exterior glass of the Suites, and for fifty percent of all Routine Maintenance associated with the Video Boards and LCDs.
INSURANCE:
The CPD shall purchase and maintain at its own cost and expense the following insurance coverage: 1) “All Risk” or “High Risk” property insurance, 2) Boiler and Machinery coverage, 3) Workers Compensation insurance, 4) Automobile Liability, 5) Employee Dishonesty insurance, 6) General Liability insurance, 7) Liquor Liability and Contingent Liquor Liability insurance, 8) Umbrella Liability insurance, Garage Keepers Legal Liability insurance, and Pollution Liability insurance. The Club shall purchase and maintain similar insurances minus Boiler and Machinery coverage and Garage Keepers Legal Liability insurance
A government big enough to give you everything you want.....is a government big enough to take away everything you have. Ronald Reagan
Sorry PG as far as their Soldier Field deal goes ,... don't know , .don't care ,.... It could fall off into the lake for allI care while the Bears where in it and the McCaskeys of corse
it's Funny Georgy was saying how impatient he was when talking with Pace the other day ,....,.... those McCaskeys have a funny way of showing it ,..
so lets see since then ,.... the Bears have unloaded a few coaches let's see if they pick up McCoy now
and as for the merchandise sales,... Bears made a killing on that,.... now by judging how the home games looked the last few games,... bet your bippy the merchandise sales are taking a hit ,... as i hope they are,.... the Friggin Crooks can suffer ,....
The Real fan base knows the score ,... Those are the ones who call for Phillips's head and for the McCaskeys to sell.
i'm not some fanboy who worships some loser of a player
I had a whole team of heroes while growing up and into my early bar days ,... NOT SOME overrated loser , the owners seemingly want and /or maybe will continually to bow down to.
MAYBE the Ricketts and Wirtz Families can buy out the McCantski's,...... YES ????
This is a one year old story and Lucas in the meantime has decided not to build his Museum in Chicago. So there are no concessions deal in place for naming rights since the Bears are not losing any thing. Like all billionaires, George was only flirting with Chicago to see what kind of leverage it gave him.
Chicago Bears.......Under construction.
Year 3 of a 4 year re-build.