Rams' L.A. power play allows NFL to maintain its top leverag
The NFL franchise that has proven most valuable to the league and its owners over the past two decades is the one that hasn't existed in Los Angeles.
It was after the 1994 season when the Rams and Raiders moved to St. Louis and Oakland respectively, leaving the nation's second biggest media market without a team of its own. Since then franchises have leveraged that gaping hole in California to get their local governments to subsidize construction of new stadiums, renovation of existing ones or innumerable other concessions on taxes and services provided.
That seems fair. It's his money. Why would any owner in any business want to share the region? Why not lock out the competition and control it all for yourself?
At the very least, Kroenke's team wants time to ride the attention and excitement, draw in the most football-starved fans who are likely to become the most loyal customers, lock up the best corporate sponsors, and be the hot spot in town for all the celebrities to see and be seen. You always want to be first and sports are no different. More than half a century later, the New York Jets and Mets still, in various ways, play second fiddle to the Giants and Yankees.
The entire idea of splitting the L.A. market is actually a cause of concern for an owner. Is this market really that eager for football? It hasn't been in the past. While the sport is more popular than ever, there are also far more entertainment options out there. And the beach hasn't moved.
No one doubts one team could certainly work. So here's one team … Kroenke's; not two, the Chargers and Raiders. If, at some point in the future, Kroenke believes his team can handle the competition, he welcomes a tenant that will pay hefty rent that helps offset losses competition would bring. In the meantime, all the other NFL owners, three-fourths of whom would need to approve the move, don't lose the valuable bargaining chip they've always carried in their back pocket – the threat of packing up for L.A.