Venue Detail
Tulsa Oilers
Revenues From Sports Venues Pro Facilities Report
February, 2012
Tulsa Oilers
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9128 E 46th St Tulsa, OK 74145 Phone: 918-632-7825 Fax: 918-632-0006 URL: www.tulsaoilers.com Owner: Horn Chen League: Central Hockey League, Berry Conference
Venue
BOK Center, 200 S Denver , Tulsa, OK 74103 Owner: City of Tulsa Managed by: SMG Facility Management Built: 2008 Concessionaire: Savor Suite caterer: Savor Soft drink:
Naming rights
Sold to: Bank of Oklahoma Price: $11,000,000
Ticket prices
Season tickets range from $400 to $800 Single tickets range from $15.00 to $45.00
Attendance
2009 average attendance: 5,427 2010 average attendance: 4,824 2011 average attendance: 4,720
Suites
Quantity: 37 Term: 5 to 10 years Price: $40,000 to $60,000 Seats: 12 to 15
Club seats
Quantity: 682 Term: 3 to 10 years Price: $1,950 to $2,000 Includes: Tickets to sports events.
Financing
The venue is fully funded from a sales tax that was part of a larger capital improvement package for the city.
The Tulsa Oilers have signed a 10-season contract to play hockey at the BOK Center.
The agreement begins with the 2008 season and guarantees the arena a minimum of $3.2 million in rent over the period.
The Oilers will pay the BOK Center $10,000 to $15,000 per game in rent, depending on which day of the week they play. A typical season has about 32 home games, plus any playoff games.
The rent will be adjusted for inflation regularly.
The rental fee is considerably more than the $1,500 to $2,500 per game the team paid at the Convention Center.
But the arena's club seats, loge boxes and suites will provide the Oilers with $22,500 per game in secured revenue.
If the team grosses $2.25 million in ticket sales for a season, the BOK Center will get a per-game rental bonus.
And if $2.5 million is reached, the venue will get 30 percent of the ticket revenue from seats in the upper level, plus the rental bonus.
The Oilers average about 5,000 spectators per game, but team officials hope that number will increase in the BOK Center.
The Oilers will receive 100 percent of team merchandise revenue and 20 percent of concessions, which is the same deal they have at the Convention Center.
The team has agreed to an $8,000-per-year fee to the venue to help pay for the making of new ice each season.
A section of the contract gives the venue and the team the ability to exit the contract about every three years. (Facilities, Financial, Ice HockeyMinor, Professional Sports)