LOS ANGELES (AP) -The University of Southern California and the Los Angeles Memorial Coliseum Commission tentatively agreed Wednesday to keep Trojans football at the venerable stadium for another 25 years.
The letter of intent requires both parties to negotiate a binding lease agreement within 60 days. If no final lease is signed, USC retains the rights to play the 2008 season elsewhere or to sign a one-year extension at the Coliseum.
The school had threatened to move to the Rose Bowl in Pasadena - rival UCLA's home stadium - next season if an agreement couldn't be reached.
``This is an important step toward a newly reinvigorated and mutually supportive relationship between USC and the Coliseum Commission,'' said Todd Dickey, USC senior vice president for administration.
The deal requires the Commission to make substantial upgrades to the Trojans' home since 1923. They include replacing the seats, field, drainage system and fencing around the stadium.
strooms and concession areas would be added, along with a new video and scoreboard at the stadium's west end.
The letter of intent was signed by Dickey and Coliseum Commission members after a Commission meeting at the Coliseum.
The deal calls for USC to receive a 25-year lease with options to extend up to 47 years. The school will pay rent equivalent to 8 percent of all gross ticket sales for home games and pay 50 percent of game day expenses within the stadium.
USC will pay the Coliseum Commission 8 percent of revenue collected from live television broadcasts of games attended by less than 70,000 people. Minimum stadium capacity will be 90,000 or more permanent seats.
The deal allows USC to retain right of consent over any amateur or professional football team seeking to play in the Coliseum. Both parties will cooperate in a Commission-led effort to acquire a naming rights sponsor for the Coliseum, and the school also will have a representative on the Commission.

Recent NCAAF Discussions

COLL PLAYS FOR TUES THE MAC LOVE IT on Tue, Nov 2017 by Timmy1961
Tuesday Picks on Tue, Nov 2017 by BamaHater
Carolina Wise Guy NBA Selection 11/21! on Tue, Nov 2017 by CarolinaWiseGuy
Carolina Wise Guy CFB Selections 11/21! on Tue, Nov 2017 by CarolinaWiseGuy

NCAAF Headlines

NCAAF Top Stories

Thumbnail Kent State vs. Akron Prediction The Akron Zips are laying over two touchdowns at home to lowly Kent State tonight at 7:00 p.m. ET. Will the Golden Flashes put up a fight?
Thumbnail Bowling Green vs. EMU Prediction Will the Eastern Michigan Eagles cover as a double-digit home favorite tonight when they host the Bowling Green Falcons tonight at 7:00 p.m....
Thumbnail Miami OH vs. Ball State Predictions Are the Miami Ohio Redhawks laying too many points on Tuesday night to the Ball State Cardinals? The MAC opponents will square off at 7:00 p.m. ET...
Thumbnail CFB Week 13 Las Vegas Odds The College Football Seasonhas some major matchups in Week 13of the season. Here is a look at what Vegas thinks of this week’s games.
Thumbnail Ole Miss vs. Mississippi St. Total Pick Will the annual Egg Bowl be an offensive showcase as No. 16 Mississippi State plays host to Ole...

NCAAF Team Pages