Last week, I wrote that the Chargers essentially get free rent from the city of San Diego.
But if you look at the team’s lease, the Chargers are obligated to pay the city $2.5 million a year plus more money if there’s playoff games.
The team does indeed pay the city rent. But it doesn’t end up being $2.5 million and, when you factor in the money a 2006 legal settlement, the city often ends up paying Chargers more money a year than they receive from the team. That’s why I said they “essentially get free rent.”
Here’s how it breaks down.