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By James Brizuela
Contributing Writer
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NFL teams relocating is a rarity, but certainly something that can happen due to money and lease deals on stadiums. While the future of the Kansas City Chiefs is in limbo and the Cleveland Browns are moving, the Cincinnati Bengals have now made a huge move on staying put.
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According to multiple reports, the Bengals and Hamilton County have agreed to principal terms on a new lease for Paycor Stadium. This new deal will keep the team playing at the stadium through June 2036, and also involves an option for 10 additional years.
Simply put, the Bengals are not going to relocate or even think about relocating for the foreseeable future.
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The new terms of the stadium deal include $470 million in stadium renovations. According to the Bengals' official website, the team "will invest $120 million in the renovation project, covering 75% of new improvements to the stadium."
Bengals Executive Vice President Katie Blackburn also commented on the new deal, stating:
"This is a significant day for the Bengals and Hamilton County as we secure the team's future in Cincinnati," said Bengals Executive Vice President Katie Blackburn. "We thank the Hamilton County Commissioners for supporting this agreement to ensure Paycor Stadium remains an excellent venue and a focal point for Cincinnati's riverfront. We are proud to call Paycor Stadium our home and to keep our future here in Cincinnati, where it belongs."
The Bengals have been playing at Paycor Stadium since 2000. Hamilton County approved a one percent tax in 1996 to build a new area for the team, along with the Cincinnati Reds.
The Cincinnati Enquirer also released more details on the deal, which include:
- A new lease agreement for 11 years, superseding the current lease and beginning for the 2025 season. It also includes options for five two-year extensions at the end of that term.
- $470 million worth of stadium improvements, which have been scaled back from the planned $830 million in a memorandum signed in April.
- The county's contribution will be capped at $350 million and the team will pay $120 million. The Bengals will manage renovations with input from the county.
The Bengals had until June 30 to agree to extend the lease on the stadium, and they have done so with days left. Now, they remain at Paycor Stadium for the next decade.
For more on the Bengals and NFL, head to Newsweek Sports.
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