The Carolina Panthers are not moving anywhere. Not anytime soon.
The club struck a deal with the city of Charlotte that will help pay for upgrades at Bank of America Stadium. According to the Charlotte Observer, the City Council has agreed to give the Panthers $143.75 million over the next 15 years, money that will be raised from a hike in food and beverage taxes. It is an increase of $18 million over a previous proposal.
In exchange, the Panthers cannot relocate elsewhere during those 15 years. The deal would also include $62.5 million from the state of North Carolina
“I never would want our team to move somewhere else,” Panthers owner Jerry Richardson said. “I never said that.”
The Panthers will also be kicking money into upgrades and plan $250 million in renovation to the stadium.
Follow me on Twitter: @BradBiggs
Brad Biggs covers the Bears for the Chicago Tribune
Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.
OCT 20 National Football Post
Our Introduction to Scouting students break down the Wisconsin Running Back
OCT 18 Joel Corry
Seattle shipped the wide receiver to the Jets in a surprising move on Friday.
OCT 14 Jesse Lawrence
Jesse Lawrence of TiqIQ looks at the week's hot tickets