There are 9 article(s) tagged lease:
Morant’s extension means he’ll be here when the Grizzlies and the city and county negotiate the guts of a new FedExForum lease. All of which makes him the most important Grizzly at the most important moment in the city’s NBA history. Just another reason to thank Ja.
The County Commission Monday approved the agreement with Grizzlies to keep the team in Memphis through at least 2029.Related story:
The Grizzlies have reached an agreement with the city and county that will keep the team in Memphis through 2029. Should Grizzlies fans worry about what will happen after that? No. And here’s why.
The Grizzlies may be closing in on an agreement with the city and county that would dramatically reduce the chance the team relocates under the “early termination” clause of the arena lease.
There is a lease provision that has to be dealt with, but right now there’s no reason Memphis and its touchstone can’t work things out.
Here's how the "early termination" section came to be in the Grizzlies lease — and why Memphians should still consider the lease to be an emphatic success.
When the FedExForum deal was struck, some people worried that the city and county might not have the money to pay off the arena bonds. Instead, there's a $29 million surplus. And it might come in handy real soon.
The Memphis Grizzlies have met with city and county officials to discuss a little-known "early termination" clause in the Grizzlies lease which could require the city and county to spend millions to make up for ticket shortfalls this season — or risk losing the team.
An "early termination" clause in the Grizzlies lease poses a real challenge for the city and county. But if you're worried about the Grizzlies relocating someday, that's not what you should be most worried about.
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