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Grant and Danny

Commanders New Stadium Name... Northwest Stadium!

Broadcast on:
27 Aug 2024
Audio Format:
other

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Plus, with their exclusive financing options, getting behind the wheel of your dream car has never been easier. Log on and shop online at the sharpestrides.com right from the palm of your hands. Or, check other massive inventory in person at the sharpest rides, located 2250 South Sea Home Street in Inglewood. Either way, you will fall into savings. Don't miss out. Head on over to the sharpestrides.com today and explore the deals that make every season better. And tell them that your girl, Tasha McKia, sent you the sharpest ride, affordable, sexy, sharp. Northwest Stadium. How do we feel? These are the kinds of things where I don't regret it. I'm not bothered by it. I'm happy for the people involved, because what ultimately it is, is the organization, the team, getting some cash. I can't do it. I can't keep up with it. I don't care about like what branding associated with the brand. And we're branding our equity in our marketplace and our market share. This will increase our synergy. I don't care about that sort of stuff. It's terrible stadium. Call it what you want. It's Nubsfield. Well, but along those lines, I am really surprised. And I would even use the word impressed that they got a deal done this quickly. Yeah. And not only that, they are going to make more money on this deal than on their previous deal with FedEx, which is wild. The average reportedly is going to exceed what was approximately seven and a half million dollars per year from FedEx. So you're approaching nearly eight million per. And what a coup this is for the hogs, the Harris ownership group and company. Listen to this deal. The terms of this deal is reported today. It's an eight year deal. Okay. So if they are playing at the stadium through 2032, it'll be northwest stadium for all eight of those football seasons. However, if, and I'm going to say when, but if they get a new stadium, Josh Harris had a press conference that sat in on at the stadium on Sunday afternoon and he projected 2030 as a legitimate reasonable target for a new stadium. If they open a new stadium at any point during this deal, essentially the contracts know and void and they can get a new stadium deal with a different company willing to pay them more money, which would almost certainly have that would happen. Yeah. With all the respect to northwest federal credit union, you know, whatever that is, I see banks all over the place every day. That's not one that I see very often. Nothing wrong with it. Take what you can get. I guess Grant and Danny Field, we didn't offer enough money. That's fine. I don't think we had to reach the eight million dollar per year number. We couldn't get up that high. We got close and Odyssey put up a really good fight. Yeah. What I was told, I don't know what your people told you. Because the longer thing was, it's one half an Odyssey that you're on. It's one half audacious. And that was too long for the stadium. Correct. And also, it was an audacious ask. It was an audacious ask for eight million dollars from us, which we weren't able to give them. Stadium comes the rewind function, but seven and a half million per year was the old deal. They passed that. Awesome job. It's amazing. I mean, that's money. That helps. That's all important in this process. And it really is amazing that the whoever's in charge of that, of getting that sale done again, good for them. This doesn't move me emotionally one way or the other, but where you go, you've already had the big boss, Josh Harris, stand up and say, we're looking elsewhere. We're talking about 2030 for the new stadium. Nobody likes it. No one is wants to be associated with it. And yet here we are selling for a pretty good chunk of change in cash. Someone wanting to be associated with it for them. Fascinated by a company saying it ranks dead last in every ranking among every NFL stadium. And in fact, there was a ranking recently done that I saw of every stadium and every sport. So it was the indoor arenas for the NBA and the NHL with NFL stadiums. And they ranked like one to 90 something in the four major pro sports in America and Northwest stadium was dead last of all of them. That's not necessarily what you're looking for when you attach your name to something, obviously, but I guess it's the belief is number one, you're getting on the ground floor. You think that the value is X right now and it's going to be X plus in a year or two, you believe in Harris, you believe in Peters, you believe in Dan Quinn, and you know, they're not finding their north anymore. They're finding their northwest. There it is. And you're not being associated. Obviously, your name is the stadium, but it's less about a stadium association that it is about a brand association with a with something that's on the rise, AK the local Washington 53. Yeah, right. Like as you said, you said it very well, the belief in the ownership group, the belief in the business and the driving. So all of a sudden, fans, if tens of thousands actually do go to the stupid stadium, then they see it, television cameras when they're there for for everything, whether it be the regional Fox, the couple national games, nighttime games, whatever, all of a sudden, your name is right there. Less so about like, we endorse the stadium more so we're associated with just a visibility of the football thing. There's probably don't have a chance if you're a, again, I don't want to make it out like there's some tiny company. They might be huge. I don't have much of a file, but getting the naming rights of a stadium in the NFL is a big, big, big, big deal. You're probably not going to be able to do that in a lot of cities where the organization's relationship to the community is healthier. So you're kind of opting in at you're buying in on something on the ground floor, in a sense. And it's a decent time to do that. We've seen other companies get in bed with the commanders here over the last year or so when the the going is not as good, but probably at a discount as well. I would imagine that the Patriots or the Steelers or the Cowboys or something that AT&T for Jerry's world's paying a hell of a lot more than seven and a half million dollars per year to be on that stadium, which is a factor. I also found myself thinking about the Nat's still not having a naming rights deal for theirs at the ballpark today. Yeah, hard to ignore that. And the story on that has always been that the learners, the owners of the nationals, have decided, and I'm just going to use the simplest amount of money possible, that it's worth one dollar and they've gotten offers for 85 and 90 cents or 95 cents. And they're just not willing to accept that because they think it's worth one dollar. The problem with that logic, if that's really why there hasn't been a name, is you're now 16 years into not having a name. So if you do the math on 90 cents, hypothetically, times 16, you've missed out on a hell of a lot of money. You sure have. And if you could get maybe it's not seven and a half million for a ballpark in baseball, although the difference between 10 football games at max and 81 baseball games, I'd imagine the money is actually pretty comparable, but I don't know what I don't know. But the idea that because you can't get what you think it's worth, you accept nothing. For a year or two, maybe over almost 20 years, you've left a lot of money on the table. And it's just hilarious to me that the commanders at a point where a lot of people don't want anything to do with them over the last few years, they went two hours without a name. They were FedEx last year. They didn't even start the season without a sponsor this year. It took them a couple minutes to find one. And they recognize the importance of it. And the Nationals and a brand new ballpark starting in '08 who have won a World Series, who were a mainstay in the NL for years, at no point have been able to strike a deal for naming rights. And it's pretty amazing. It's this little thing that just little voice on my head that says, if you think it's worth that, no one's giving you that, then it might not be worth that. That's just a funny little thing that I think. This episode is brought to you by Progressive Insurance. Whether you love true crime or comedy, celebrity interviews or news, you call the shots on what's in your podcast queue. And guess what? Now you can call them on your auto insurance too, with the name of your price tool from Progressive. It works just the way it sounds. You tell Progressive how much you want to pay for car insurance, and they'll show you coverage options that fit your budget. Get your quote today at Progressive.com to join the over 28 million drivers who trust Progressive. Progressive Casualty Insurance Company and affiliates, price and coverage match limited by state law. Hey NFL fans, you can start the season with a big return on FanDul, America's number one sports book. So when you get a hunch in the middle of the game, you can check out the latest stats, view live play-by-play, and so much more on the same page where you place your bets. You'll get started with $200 in bonus bets guaranteed when you place your first $5 bet. That's FanDul.com/sportsfan. Never waste a hunch and make every moment more with FanDul, an official sports book partner of the NFL. Must be 21 plus and present in Colorado. First online real money weights are only $10 first deposit required. Bonus issued is now a throwable bonus bets that expire seven days after receipt. Restrictions apply. See terms at sportsbook.fanDul.com, gambling problem, call 1-800-522-4700. The seasons may be changing, but the deals at the sharpest rides are unbeatable as ever. Hey, what's going on? It's your girl Tasha McKia, and I need you to join the sharpest rides for their fall into savings events, where they're offering incredible prices on their massive inventory. That's right, everything is on sale now. Shop from sleek sedans to rugged SUVs and sporty convertibles. The sharpest rides has the perfect ride to match your fall adventures, plus with their exclusive financing options, getting behind the wheel of your dream car has never been easier. Log on and shop online at the sharpestrides.com right from the palm of your hands. Or check other massive inventory in person at the sharpest rides, located 2250 South Sea Home Street in Inglewood. Either way, you will fall into savings. Don't miss out. Head on over to the sharpestrides.com today and explore the deals that make every season better. And tell them that your girl Tasha McKia sent you the sharpest ride, affordable, sexy, sharp.