The relocation fee for the San Diego Chargers to move to Los Angeles could cost them between $500-600 million, according to the Sports Business Journal and Sports Business Daily.
NFL owners have informally settled on a relocation fee per team to LA of btwn $500 mil and $600 mil. Story in @sbjsbd .
— daniel kaplan (@dkaplanSBJ) November 16, 2015
Kaplan notes in his report that the number has not been set, but that’s the range the NFL’s owners expect the cost to be in.
This news comes less than a week from when the league’s owners met in New York to hear a presentation from San Diego officials, including Mayor Kevin Faulconer, to try and keep the team in San Diego with a Mission Valley stadium plan.
On the same day as the presentations in New York, it was announced Walt Disney Co. CEO and Chairman Bob Iger was appointed as the chairman for the Chargers and Oakland Raiders joint Carson stadium project. He would take over the design and construction aspects of the project if it’s approved by the NFL.
