Venue Detail
Tulsa Drillers
RSV Pro Facilities Report
March, 2014
Tulsa Drillers
|
PO Box 4448 Tulsa, OK 74159 Phone: 918-744-5998 Fax: 918-747-3267 URL: www.tulsadrillers.com Owner: Went Hubbard League: Texas League, North
Venue
ONEOK Field, , Tulsa, OK Owner: Tulsa Stadium Trust Built: 2010 Capacity: 5,900 Concessionaire: Professional Sports Catering Suite caterer: Professional Sports Catering Soft drink:
Naming Rights
Sold to: Oneok and the Oneok Foundation Price: $5,000,000 Term: 20 years Expires: 2029
Ticket Prices
Season tickets range from $455 to $665 Single tickets range from $7.00 to $38.00
Attendance
2011 average attendance: 5,386 2012 average attendance: 5,323 2013 average attendance: 5,704
Suites
Quantity: 23 Term: 5 to 10 years Price: $25,000 to $35,000 Seats: 12 to 12
Club Seats
Quantity: 60 Term: 1 to 5 years Price: $1,400 to $1,750
Financing
The $60 million ballpark project includes construction of a $39.2 million multipurpose venue and acquisition of surrounding land for mixed-use redevelopment.
The total cost will be covered by the $30 million in private donations, $25 million from a special downtown property assessment and $5 million from the Drillers' lease.
The Tulsa Drillers have a 30-year lease with the Tulsa Stadium Trust.
The lease calls for the Drillers to manage the venue and pay $150,000 in annual rent. If total paid attendance goes above 400,000 a season, the team will pay the Trust 50 cents per ticket above the 400,000.
The team must also pay $50,000 a year into a capital fund. If attendance exceeds 300,000 a season, an additional 50 cents per ticket will also go into the fund. The base payment increases annually according to inflation.
The team will get all concession revenue for its games and will pay the Trust 10 percent of net revenues from other events booked by the team, such as concerts, held at the venue. The Trust has the right to schedule its own community events at the ballpark and it is to receive 90 percent of net concession revenues for those activities.
Naming rights have been sold with the Trust receiving that revenue. Rights were purchased by energy firm Oneok for $5 million over 20 years.
The team has signage and sponsorship rights to the ballpark, but the Trust is allowed to sell sponsors for its events. The team gets all sponsorship revenue for baseball activities and pays 10 percent of net sponsorship revenues for other events to the Trust. Likewise, if the Trust sells sponsorships for its events, it pays the Drillers 10 percent of those revenues.
Tulsa's professional baseball teams have played at the fairgrounds since 1932, and the former Drillers Stadium was completed in 1981. (Baseball, Facilities, Financial, Minor League, Professional Sports, Venue)