y2k8 Posted November 30, 2022 Share Posted November 30, 2022 50k is all you need these days The views would be better and you can charge more for tickets. Quote Link to comment Share on other sites More sharing options...
Maxman Posted November 30, 2022 Share Posted November 30, 2022 Lower level end zone Giants tickets this weekend are selling for $425 each. Win and there are no issues from a $ perspective for the team. And that is how these decisions are made. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post ScarletKnight89 Posted November 30, 2022 Popular Post Share Posted November 30, 2022 The Jets belong out there. Queens would be perfect. They don't have an identity in NJ. It's the Giants turf. Build a 60,000 seat stadium out there that blows MetLife out of the water and develop a better identity as a franchise. 5 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 30, 2022 Author Share Posted November 30, 2022 10 minutes ago, Maxman said: Yes we can. how? can you paste the original article as a response w/formatting? Quote Link to comment Share on other sites More sharing options...
Sonny Werblin Posted November 30, 2022 Share Posted November 30, 2022 Two things: First, have the Jets recouped their investment? The stadium is owned by the New Jersey Sports and Exposition Authority on paper. However, the New York Giants and New York Jets jointly built the stadium using private funds, and operate it through the MetLife Stadium Company, a 50/50 joint venture between the two teams. So, the Jets have sunk money in Met life, which opened in April 2010. Have they gotten enough return on the investment to walk away? Second, how do they walk away? The lease for the stadium is for 25 years, with options to extend it that could eventually reach 97 years. After the 15th year of the lease, every five years, one of the two teams may opt out of the lease after giving the state 12 months notice. However, if one team leaves for a new stadium, the other team would have to remain for the remainder of the lease. This clause presumably allows the Jets to eventually decide that they want to play in their own stadium and leave if they can find a way to finance it, although the high cost of the stadium - unless paid for by the State of NY - and relocation of team facilities to Florham Park, New Jersey may complicate this. . It is unknown if the lease started upon construction in 2007 or upon the stadium's opening in April 2010. If it's 2007 than they missed the 15 year, 12 months notice, but it (the 12 month notice) rolls around again in 4 short years. If the lease started in 2010, the 15 year 12 month notice is due in 2024. So, timing wise a new stadium seems do-able. 1 Quote Link to comment Share on other sites More sharing options...
Matt39 Posted November 30, 2022 Share Posted November 30, 2022 53 minutes ago, batman10023 said: why come on? hasn't the value gone up 9x or so since 2000? it's been a home run investment. Because Woody started life as a billionaire. Framing it as some sort of shrewd investment is silly. He was next on a list. I think a more accurate reflection of Woodys business acumen would be the Jets record since he took over. 2 Quote Link to comment Share on other sites More sharing options...
y2k8 Posted November 30, 2022 Share Posted November 30, 2022 12 minutes ago, Sonny Werblin said: Two things: First, have the Jets recouped their investment? The stadium is owned by the New Jersey Sports and Exposition Authority on paper. However, the New York Giants and New York Jets jointly built the stadium using private funds, and operate it through the MetLife Stadium Company, a 50/50 joint venture between the two teams. So, the Jets have sunk money in Met life, which opened in April 2010. Have they gotten enough return on the investment to walk away? MetLife cost $1.6 billion to build. The Jets & Giants are most definitely servicing that debt for awhile. I believe the 2 teams and the Stadium (tax payers) each are obligated to kick in about $20m a year for 25 years. The Old Giants Stadium still had $110 million in debt when it was demolished. 1 Quote Link to comment Share on other sites More sharing options...
T0mShane Posted November 30, 2022 Share Posted November 30, 2022 MetLife is far and away the worst stadium I’ve ever been in, and I’m saying this as a guy who used to go to Shea a lot as a kid. It’s simply a miserable place to drive to, spend money in, and watch a game imo. That said, @Maxman is right. Woody is invested and making his money, so he’s not gonna upset the golden goose. The only way the Jets move to Queens is if Steve Cohen buys the team. 4 Quote Link to comment Share on other sites More sharing options...
JustEndTheSuffering Posted November 30, 2022 Share Posted November 30, 2022 43 minutes ago, ScarletKnight89 said: The Jets belong out there. Queens would be perfect. They don't have an identity in NJ. It's the Giants turf. Build a 60,000 seat stadium out there that blows MetLife out of the water and develop a better identity as a franchise. Jets don't have an identity in NJ and the Giants don't have one anymore either. MetLife is a cold, characterless stadium. You would have no idea who played at MetLife Stadium if there weren't people walking around with Jets/Giants gear. 3 1 Quote Link to comment Share on other sites More sharing options...
More Cowbell Posted November 30, 2022 Share Posted November 30, 2022 3 hours ago, Barry McCockinner said: https://www.legalsportsreport.com/91307/addabbo-to-new-york-jets-come-back-to-queens/ @Maxman we still can't copy/paste with original article formatting ... When does the lease at Met-Life expire? Quote Link to comment Share on other sites More sharing options...
Jet Nut Posted November 30, 2022 Share Posted November 30, 2022 1 hour ago, batman10023 said: they are always begging to get rid of seats. it's bad business in my opinion. have 70k seats but good demand. 10 games x 10k less seats = 100k less tickets per year. say $50 per seat net revenues (probably less since these would be the worst seats) - $5MM per year. The Jets are winning and yet they still can't sell out the crappy seats. They would be begging no differently They’re in the top 5 in attendance and just as high on % of seats sold. They’re pretty much sold out by game 1. If they have to advertise for sales and it works, in a time where the team has sucked etc? 1 Quote Link to comment Share on other sites More sharing options...
Vudu Posted November 30, 2022 Share Posted November 30, 2022 Curious, other than making it closer to a different group of fans what’s the difference NJ or some other site in NY/NJ. As I said besides the fact some want it close to home to cut back the commute and don’t care about NJ fans commute? It’s a whole different state… Quote Link to comment Share on other sites More sharing options...
Vudu Posted November 30, 2022 Share Posted November 30, 2022 Queens> that cesspool that is New Jersey. That’s Giants stadium. Jets deserve their own stadium 1 Quote Link to comment Share on other sites More sharing options...
Trotter Posted November 30, 2022 Share Posted November 30, 2022 This is all great back and forth but simply put woody is not leaving nj. metlife cost 1.6 billion 12 years ago. the queens stadium will cost 3 billion or more? who is paying for it? and if part of the finance is psl’s the bloodbath that occurred 12 years ago at MetLife will be many times worse 2 Quote Link to comment Share on other sites More sharing options...
jetfan61 Posted November 30, 2022 Share Posted November 30, 2022 A domed (retractable) stadium that could draw many other events including, concerts, basketball, soccer, monster trucks, etc etc, it will never happen. Go big or go home. P.S. the Jets have a top notch training facility and headquarters in Florum Park so it's a really really long shot. I live on Long Island so I'm all for it. I refuse to spend 4 to 6 hours round trip drive time, gas, tolls and parking fees going to that swamp in NJ Quote Link to comment Share on other sites More sharing options...
Green DNA Posted November 30, 2022 Share Posted November 30, 2022 I see a great opportunity for PSL investment gold!! 3 Quote Link to comment Share on other sites More sharing options...
August Posted December 1, 2022 Share Posted December 1, 2022 Not any time soon. Maybe not in many of our lifetime if we’re being honest. Woody has no reason to leave MetLife stadium. PS NJ is more Jets culture than Queens at this point. 1 Quote Link to comment Share on other sites More sharing options...
chirorob Posted December 1, 2022 Share Posted December 1, 2022 Question, teams have to pay $500 million to the league to move. The Chargers paid that to go to LA. Would the Jets have to pay that to move to NYC? I'd think not, it's the same market, but I'm not really sure. Quote Link to comment Share on other sites More sharing options...
Jetluv58 Posted December 1, 2022 Share Posted December 1, 2022 Didn’t have time to see all of the responses but wouldn’t playing in NY make the tax situation better for players? More attractive to play for us? Quote Link to comment Share on other sites More sharing options...
jetsons Posted December 1, 2022 Share Posted December 1, 2022 2 hours ago, Trotter said: The counter to that would be how many fans were upset during and after the game Sunday because of the stadium? the mike white chants would have been louder in queens? yes ? Quote Link to comment Share on other sites More sharing options...
jetsons Posted December 1, 2022 Share Posted December 1, 2022 2 minutes ago, Jetluv58 said: Didn’t have time to see all of the responses but wouldn’t playing in NY make the tax situation better for players? More attractive to play for us? nys/nyc taxes Suck Too. Quote Link to comment Share on other sites More sharing options...
jetsons Posted December 1, 2022 Share Posted December 1, 2022 4 hours ago, jago said: you could have a jets/mets/us open/soccer/worlds fair site weekend festival all in walking distance of each other. The way it should have been all along. Quote Link to comment Share on other sites More sharing options...
Ecuadorian Jet Posted December 1, 2022 Share Posted December 1, 2022 5 hours ago, BigRy56 said: YES PLEASE. Time to change the entire narrative around you @WoodyJohnson Just imagine if he delivers on a stadium and back to the original uniforms. Quote Link to comment Share on other sites More sharing options...
kevinc855 Posted December 1, 2022 Share Posted December 1, 2022 3 hours ago, Maxman said: Moving the team to Queens at this point is a great way to: 1. Have people stop paying what is left on their PSL balance 2. Not sell another PSL 3. Lose a bunch of corporate sponsorship stadium $ with attendance being down Better idea, stay out of the way and let Joe Douglas and Robert Saleh do what they are already doing. Fixing this franchise and selling out the larger stadium that you already paid for. They aren't moving. Bingo....they aren't going anywhere. Some local State Senator hack ran his mouth. That's all this story is. Not a chance they move. 2 Quote Link to comment Share on other sites More sharing options...
kevinc855 Posted December 1, 2022 Share Posted December 1, 2022 3 hours ago, T0mShane said: MetLife is far and away the worst stadium I’ve ever been in, and I’m saying this as a guy who used to go to Shea a lot as a kid. It’s simply a miserable place to drive to, spend money in, and watch a game imo. That said, @Maxman is right. Woody is invested and making his money, so he’s not gonna upset the golden goose. The only way the Jets move to Queens is if Steve Cohen buys the team. Yes, because the crack whores and seedy auto shops of Willets Point Queens is REALLY where I want to go spend my Sunday Quote Link to comment Share on other sites More sharing options...
y2k8 Posted December 1, 2022 Share Posted December 1, 2022 The Jets are never moving out of New Jersey. Not because of Met Life Stadium, but because of the Florham Park facility. 3 Quote Link to comment Share on other sites More sharing options...
Matt39 Posted December 1, 2022 Share Posted December 1, 2022 3 minutes ago, y2k8 said: The Jets are never moving out of New Jersey. Not because of Met Life Stadium, but because of the Florham Park facility. What if the taxpayers fund it like they’re doing with the Bills? Quote Link to comment Share on other sites More sharing options...
y2k8 Posted December 1, 2022 Share Posted December 1, 2022 3 minutes ago, Matt39 said: What if the taxpayers fund it like they’re doing with the Bills? No one has the appetite for that anymore. I just don't see the Jets ever walking away from FP. The investment in and value of that facility is extraordinary and impossible to replicate on the other side of the Hudson at this point. Unfortunately the next stadium they build will also be in the Meadowlands. 2 Quote Link to comment Share on other sites More sharing options...
Matt39 Posted December 1, 2022 Share Posted December 1, 2022 1 minute ago, y2k8 said: No one has the appetite for that anymore. I just don't see the Jets ever walking away from FP. The investment in and value of that facility is extraordinary and impossible to replicate on the other side of the Hudson at this point. Unfortunately the next stadium they build will also be in the Meadowlands. I was halfway kidding. Considering the deal the Bills got (and the under the table shenanigans) there’s zero chance the Jets get back to NYS. They will always be in Jersey. Quote Link to comment Share on other sites More sharing options...
TuscanyTile2 Posted December 1, 2022 Share Posted December 1, 2022 Would a 50K stadium leave enough room for them to move Jimmy Hoffa's body to one of the end zones? Quote Link to comment Share on other sites More sharing options...
y2k8 Posted December 1, 2022 Share Posted December 1, 2022 1 minute ago, Matt39 said: I was halfway kidding. Considering the deal the Bills got (and the under the table shenanigans) there’s zero chance the Jets get back to NYS. They will always be in Jersey. Yeah, people in Western NY have no problem spending public money mostly generated down state for a new Bills Stadium. What a boondoggle. 4 Quote Link to comment Share on other sites More sharing options...
batman10023 Posted December 1, 2022 Share Posted December 1, 2022 1 hour ago, Jetluv58 said: Didn’t have time to see all of the responses but wouldn’t playing in NY make the tax situation better for players? More attractive to play for us? Is this a joke? Quote Link to comment Share on other sites More sharing options...
Jets Things Posted December 1, 2022 Share Posted December 1, 2022 Pipe dream. Fcuk Leon Hess for ever leaving NY. 2 1 Quote Link to comment Share on other sites More sharing options...
ChewyandtheJets Posted December 1, 2022 Share Posted December 1, 2022 5 hours ago, Jet Nut said: So? Jealous? Who cares people inherit money, sometimes big money. That’s the world we live in Nah not jealous. Just still pissed that our (dim witted) owner got played like a violin by Charles Dolan and the corrupt state senators and blew a once in a lifetime opportunity to have an awesome building at the center of one of the greatest cities in the world. Can you blame me? 3 Quote Link to comment Share on other sites More sharing options...
MysticalJet2 Posted December 1, 2022 Share Posted December 1, 2022 5 hours ago, Jet Nut said: Curious, other than making it closer to a different group of fans what’s the difference NJ or some other site in NY/NJ. As I said besides the fact some want it close to home to cut back the commute and don’t care about NJ fans commute? NY team. NY blood runs through me. Should play in NY. Nothing practical or logical behind my want. 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.