The Florida Marlins have reached agreement with Miami-Dade County on 5 contracts (read them here) which were necessary to close the deal for the new ballpark. The agreements will face final approval by both the County and the City of Miami on February 13, 2009. Among the concessions made by the Marlins:
– If Marlins owner Jeffrey Loria sells the team in the seven years after the agreement has been reached, the county would almost double its share of any profits.
– The ball club’s $2.3 million a year in rent will go up by 2 percent each year.
– Extra costs due to scheduling or problems between the contractor and subcontractors will now be paid by the Marlins.