Bulls extend Ray-Jay lease through 2011
USF and the Tampa Sports Authority have agreed on a five-year renewal that will keep the Bulls playing at Raymond James Stadium through the 2011 season.
The extension, approved by the TSA board last week, includes a five-year option through 2016 and gives USF the right to back out of its contract with two years' notice if the Bulls are able to secure enough funding to move into an on-campus stadium.
The per-game cost to USF starts at $105,000 this fall and increases by $10,000 each year. It's an increase from last year's rate of $86,000, but the new lease gives USF unprecedented use of 3,000 preferred parking spaces designated for Bulls donors. USF hasn't designated a cost for parking yet (TSA will continue to charge $10 for its spots) but those lots could create a net savings for USF from last year's total cost.
The agreement covers use of the stadium's lower level, but if USF should open up the upper deck -- as will likely be the case this fall with higher-attendance games such as UCF, West Virginia and Louisville -- the Bulls will pay TSA the direct costs of staffing the additional sections.