NFL Collective Bargaining Agreement

Article 12
Revenue Accounting and Calculation of the Salary Cap

Section 1(a)(x)(5)(B)
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)(B)

After the 2020 League Year, the cornerstone, PSR and naming rights com-ponents of the Baseline Exclusion shall be the total amounts actually received or to be received on an accrual basis by the Chargers and Rams or their respective Stadcos for that 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). Should any of the “original” eleven (11) designated Los Angeles cornerstone sponsorships become unable or unwilling to meet its obligations under the agreement, the Clubs shall have the opportunity to designate a replacement cornerstone sponsorship to meet the stadium funding and financing amounts, up to the same amount of any such sponsorship being replaced.