NFL Collective Bargaining Agreement

Article 12
Revenue Accounting and Calculation of the Salary Cap

Section 4(f)(ii)
Stadium Credit

(f)(ii)

For purposes of this Subsection, “Exclusion Cap Effect” equals 40% of the amount of revenue excluded from AR. “Incremental Cap Effect” equals 40% of the “Incremental AR” from the stadium in question. “Incremental AR” means the difference between the AR generated from the stadium in question as compared to the “Base AR.” “Base AR” means the AR generated from such stadium or its predecessor in the year prior to the completion of the construction or renovation (the “Base Year”); if PSR revenues are being excluded from AR for such stadium, Base AR shall not include any PSR revenues from the Base Year.