Venue Detail
San Antonio Spurs
Revenues From Sports Venues Pro Facilities Report
February, 2011
San Antonio Spurs
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100 Montana St San Antonio, TX 78203-1033 Phone: 210-554-7700 Fax: 210-554-7701 URL: www.nba.com/spurs
Owner
Bob Coleman
League
National Basketball Association Western Conference, Southwest
Venue
AT&T Center, 1 SBC Center, San Antonio, TX 78219 Owner: Bexar County Managed by: AEG Facilities Built: 2002 Capacity: 13,400 Permanent concession stands: 14 Concessionaire: Aramark Suite caterer: The Levy Restaurants
Naming rights
Sold to: SBC Communications Price: $41, 000,000 Term: 20 years Expires: 2020
Ticket prices
Season tickets range from $418 to $20,196 Single tickets range from $10.00 to $1,000.00
Attendance
2007 average attendance: 18,654 2008 average attendance: 18,564 2009 average attendance: 17,626
Luxury Suites
Quantity: 54 Term: 5 to 9 years Price: $125,000 to $295,000 Seats: 16 to 16
Financing
The $175 million arena includes $28.5 million for the team. The city's portion is funded by the hotel/motel tax. Pct. public: 84
Seat licenses
San Antonio Spurs charged $4,000 to $7,500 license fees for premium seats in the arena. The team announced plans to displace those sitting in the so-called "Nicholson Seats" that are on the court's front row. Those seats will now be available only to suite holders. That would require purchase of a suite, plus $50,000 for two front-row seats.
The fee applies to 1,700 seats in the first 12 rows behind the front row.
In November 1999, the Spurs won an election to help fund a new arena. The issue survived a challenge by the city's hotel and motel industry which will now see taxes on those services increase. The increase will generate $146.5 million toward the arena while the team puts in $28.5 million.
The venue is also the home of the San Antonio Stock Show and Rodeo. The arena opened as the SBC Center, but in 2006 its named changed to the AT&T Center after a merger of the two firms.
Under a marketing agreement, the Spurs have the right to market suites at the arena and sell all permanent advertising signs at the new arena and Alamodome except when the Stock Show and Rodeo are operating. There are no club seats in the building.
The lease agreement calls for the team to manage the arena and keep earnings from its games. The Spurs give up 20 percent of net operating revenue above $4.75 million and 20 percent of any naming rights sale above $1.875 million a year. The team was responsible for environmental clean-up of the building site and improvements to area streets, water and sewer mains and electric systems. The Spurs agreed to a 25-year lease and have agreed to penalties should it leave the arena before the end of the term.
The agreement also allowed the Spurs to enact a $1 ticket fee for NBA games and a $1 parking surcharge to help fund arena construction. The team pays $1.3 million in rent and must invest $1 million a year in a capital repair and replacement fund. The team gets all arena revenue, except that generated during the rodeo and stock show. The rodeo will pay $1.2 million a year in rent and have access to the arena for 23 days a year.
The suites include 38 terrace suites leasing for $125,000 to $200,000 and seating 16. The prices include most ticketed events in the arena.
The best sellers are the 16 court side suites. Those are priced from $225,000 to $295,000 and have 12 seats each. Occupants will include SBC Communications, which bought naming rights to the venue; B.J. "Red" McCombs, a local auto dealer and and the San Antonio Express News. Those in the suites cannot see the game.
Along the way the Spurs displaced up to 30 fans who had courtside seats for which they paid $15,750 for the season. Individually, the seats are $350 each. (Basketball, Facilities, Financial, NBA, Professional Sports)