Predators could break lease for $30M
If the Nashville Predators decide to break their lease at the Gaylord Entertainment Center, they will owe the city $28M.
Honestly, $28M doesn't seem like the much considering how much money professional sports franchises earn (and spend). If the Preds decide to leave Nashville and sign a 25-year lease somewhere else, they only need to make an extra $2.1M per year over the course of the lease (assuming 5% interest) to pay off the $28M.
Doesn't seem like much of a penalty.
However, according to the Tennessean, if the city is found at fault, for not properly upgrading the facility, the Preds could get out of the lease for a whopping $0M.
$28 million on line in Preds feud
One Councilwoman, Brenda Gilmore, fears the Predators may leave
"My fear is we will invest almost $8 million to make improvements, and they will pack up and leave Nashville," she said. "There doesn't seem to be a lot of loyalty there. And taxpayers again will be left holding the bag."