From the Hamilton Spectator:
The deal between the University of Guelph and the Hamilton Tiger-Cats will see the CFL team contribute $500,000 to the university while absorbing all the costs related to staging as many as 10 games at Alumni Stadium next season.
The Memorandum of Understanding between the university and the team was released publicly Wednesday. It sets out a framework for a deal that must be completed by Jan. 31, 2013.
Among the details:
• The Ticats are responsible for all costs associated with playing games at Guelph and agree to play a minimum of one pre-season and six regular-season games at the university, with the option to play all nine regular-season games there.
• The Ticats will provide a gift of $450,000 toward the new athletic and recreation centre, to be recognized with an appropriate naming opportunity, as well as $50,000 to help cover additional costs.
• The Gryphon logo will remain at centre field during games and the university will get two TV spots during each Ticat broadcast.
• The Ticats get all revenue from parking, concessions and sponsorship.
• The university will provide 1,570 parking spots and the Ticats will look to rent more spots nearby.
• Two University of Guelph students will get internships with the Ticats for the next five summers.
• The Ticats have the option of staging the 2013 Vanier Cup at the University of Guelph, at their expense. (The rights to the game are held by MRX, another company controlled by Ticats owner Bob Young.)
The Scratching Post blog: Details of Ticats deal with University of Guelph released
Read the full Memorandum of Understanding.