NFL Collective Bargaining Agreement

Article 12
Revenue Accounting and Calculation of the Salary Cap

Section 1(a)(x)(5)(A)
All Revenues

For purposes of this Article, and anywhere else stated in this Agreement, revenues shall be accounted for in the manner set forth below.

(a)(x)(5)(A)

Projected AR shall be initially calculated as if the PSR, cornerstone and naming rights AR exclusions for the Rams and Chargers for the 2020 League Year totaled $98 million (the “Baseline LA Exclusions”). The Baseline LA Exclusions shall be re-set after the 2020 League Year based on the amounts of PSR, cornerstone and naming rights revenues actually received or to be received on an accrual basis by the Chargers and Rams or their respective Stadcos for the 2020 League Year (with any cornerstone and naming rights revenues received in a lump-sum payment amortized over the life of the naming rights/cornerstone sponsorship agreement up to a maximum of fifteen years) from the list of eleven (11) sponsorships identified at the time of the stadium’s opening as cornerstone sponsors, in addition to the naming rights partners. For the avoidance of doubt, the NFLPA accepts the NFL’s representation that the sponsorships identified qualified as naming rights and cornerstone sponsorships, and the review contemplated by this Section for those sponsorships is limited to determining the total amounts received from those sponsorships (e.g., there will be no challenge as to whether any of these specific Los Angeles sponsorships identified at the time of agreement meets the definition of a cornerstone sponsor).