The Rams and Chargers were very eager to move from St. Louis and San Diego to Los Angeles, believing it would be best for business. But in order to start profiting off the move, they’re going to have to pay up.
According to ESPN, the teams will be paying massive sums, along with the Raiders, who made the move to Las Vegas.
The Rams and the Chargers will each pay $645 million, beginning in December 2019 and ending in December 2028, over a 10-year period. Neither the Rams nor the Chargers will receive revenue from the Los Angeles relocation fees.
The Raiders will pay $378 million over 10 years, beginning in the year they move, sources said. That money is divided among every team but the Raiders themselves.
According to ESPN, those numbers were determined based on the teams’ increased values from their moves, so at least they’ll theoretically earn the money back. Plus, this is a way to make sure teams aren’t moving around willy nilly, and everyone isn’t jumping to the biggest market.
But man, $645 million is a lot of money to pay for the greener (metaphorically) pastures of LA.