The Minnesota Vikings will pay the University of Minnesota up to $3 million a season to play at TCF Bank Stadium while their new stadium is being built.
The University of Minnesota's governing board is expected to sign off Friday on a deal announced Thursday that requires the NFL team to pay $300,000 per game, cover gameday costs and fund upgrades to ready the college stadium for NFL play, such as a heated field.
The agreement was unanimously approved by a committee of the Board of Regents on Thursday. U President Eric Kaler said he was "delighted to be able to help" the Vikings. "I think we've reached a very fair agreement to both sides."
The regents will also vote Friday on a related resolution that would allow beer and wine to be sold throughout the stadium during Vikings games. Hard liquor would be permitted in suites and club rooms.
The Vikings will be able to use the stadium only for Sunday games and one weeknight game per season, plus home playoff games, the new deal says. The team will pay $250,000 for each game played during the 2014 and 2015 seasons, plus a $50,000 share of concessions and sponsorships per game, for a total of $3 million a season "above all expenses," said Mark Rotenberg, the U's general counsel.
If the team needs to stay for another season, it'll cost more — $262,000 per game for 2016 and $275,000 per game in 2017.
A pledge to be 'good neighbor'
The Vikings also have agreed to contribute $90,000, plus $35,000 in in-kind services, to a neighborhood fund each season. During a news conference Thursday, Vikings officials said they might build a playground or plant trees.
"We promise to be good partners and good neighbors," said Lester Bagley, vice president of stadium development for the Vikings.