If the sports leagues want to buy integrity, they’ll apparently have to pay for it themselves. At least in West Virginia.
Of course, that’s possibly not the end of it. With Congress possibly crafting legislation aimed at regulating sports wagering, the integrity fee could be foisted onto the states by the feds.
According to Daniel Kaplan of SportsBusiness Journal, the cost of the stadium itself has moved north of $4 billion. Rams owner Stan Kroenke and his wife, Ann Walton Kroenke, will contribute $1.6 billion of their own money.
To put that in perspective, and as Kaplan notes, Terry and Kim Pegula paid $1.4 billion for the Bills franchise.
In January 2016, when Kroenke first secured approval to build the stadium and to move the Rams from St. Louis to L.A., Kroenke expected a $2.3 billion expense. That quickly moved to $2.6 billion and then to $3 billion. Kaplan explains that the cost increase partially arises from efforts to ensure that the new stadium will withstand an earthquake. The estimate also now includes “soft costs,” like access roads and utilities.
(Friesen’s new team, the Devils, beat the Ducks to win that year’s Stanley Cup.) The Sabres had time to draft and develop two franchise-caliber forwards before breaking out. The Knights were able to draft James Neal and were lucky that players such as Jonathan Marchessault and William Karlsson were left unprotected, but they didn’t have the time to develop and/or trade for a core of talent like these other organizations enjoyed.
The Jets don’t call the Giants. Why? The belief is because the two teams are in the same market, the Jets would have to pay a tax for the second pick. Also, keeping their trade pursuit quiet is paramount, to keep others from springing into action and setting off a bidding war.