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Despite publicly stating they see “no obstacles” in handling the Raiders, UNLV authorities hired a legal representative versed in knocking them down after seeing the team’s very first offer.
UNLV responded to the team-friendly proposal last week by keeping lawyer Daniel Etna of Herrick Feinstein LLP, a high-priced titan in sports law, to encourage the university in negotiations. The agreement in between Herrick and the university can extend up to two years, though talks with the Raiders likely need to wrap in the next couple of weeks.
Etna’s services will cost UNLV $745 per hour. Other work from New York-based Herrick will cost less, starting with a rate of $280 per hour for paralegal services and varying approximately Etna’s charge. Those rates might amount to a significant expenditure for the university for a negotiation where Sam Boyd Stadium executive director Mike Newcomb said he sees “no difficulties” at last week’s Las Vegas Stadium Authority board conference.
UNLV spokesman Tony Allen validated the information of Herrick’s plan. Allen also said regional lawyers with Snell & & Wilmer are consulting with university authorities on the arrangement, and that their work started while the company was being retained for unassociated real estate matters. Financial details of Snell & & Wilmer’s arrangement were not instantly readily available.
“Analysis and negotiation of the draft joint-use arrangement is ongoing,” Allen stated. “We anticipate dealing with the Raiders and the Arena Authority Board to provide UNLV football– and our great fans– access to an arena and accompanying game-day experience that will equal the very best in college football.”
University Regent and lawyer Trevor Hayes backed the Herrick contract as insurance for UNLV’s long-lasting interests.
“Getting the best possible usage agreement for UNLV will determine its future in sports,” Hayes said. “I support investing cash to employ the best professionals. Even if it costs $100,000, that corresponds to $3,333 annually for the 30-year life of the (lease). A poor use contract will put UNLV from the Division I athletics service.”
The Sun reported exclusively on the first draft of a state-mandated joint-use agreement between UNLV and the Raiders, who will share their brand-new $1.9 billion arena with the Rebels football program as a condition of getting $750 million in public financing toward the facility.
In that document prepared by the Raiders, the group asked UNLV for fee-free use of more than 80 acres of land owned by the university for game-day and occasion parking. The Raiders plan simply 2,400 parking areas at their 62-acre Russell Roadway stadium website, which is less than 15 percent of the amount mandated by Clark County code.
The group also desires unique very first rights to offer luxury suites and club seats, along with major restrictions on university marketing partners. All are major profits sources university authorities wish to enhance to increase the take from their dates in the stadium. The celebrations likewise should settle on a rent formula that measures UNLV’s actual cost of utilizing the arena, which will not be an easy settlement.
Officials from UNLV including Newcomb, President Len Jessup, and now-departed Vice President Gerry Bomotti met the Raiders last month for an initial discussion. Arena Authority personnel representative Jeremy Aguero stated at the last board conference that the sides would meet again in the next few weeks. Jessup will be out of the nation up until July 30 accompanying Gov. Brian Sandoval on a trade mission to Panama, Peru and Chile.
Etna declined to talk about his consultation with the school, saying UNLV authorities directed the company to refer all concerns back to the university. Etna is the chairman of Herrick’s Sports Law Group, and his clients include the New york city Yankees, Chicago Cubs, Brooklyn Nets, Tampa Bay Lightning and Major League Soccer teams D.C. United and New york city City Football Club.
Etna dealt with the development of the YES Network and of Legends Entertainment, the arena occasions management company established by Dallas Cowboys owner Jerry Jones. Legends will deal with the Raiders in the brand-new stadium, though the scope of the firm’s work is not validated yet.
Raiders officials did not react to an ask for comment on the negotiations.