A plan to build an NFL stadium on the site of the old Hollywood Park racetrack was approved unanimously by the Inglewood city council Tuesday night, according to the Los Angeles Times.
The stadium plan, spearheaded by St. Louis Rams owner Stan Kroenke, was originally created in January and would create an 80,000-seat stadium in Inglewood, a suburb just southwest of downtown Los Angeles. According to the L.A. Times, an economic impact report commissioned by the city estimated that the privately funded stadium would be the most expensive in U.S. history at about $1.86 billion.
With Kroenke leading the way on the project, the presumable tenant of the stadium would likely be the Rams, although there are still more hurdles to cross before any construction can start. No team has filed for relocation with the NFL and St. Louis is mounting an effort to keep the Rams with a stadium plan still in the preliminary stages.
The Broncos have approximately $26 million in cap space but are saddled with a litany of big-name free agents. Wide receiver Demaryius Thomas is all but certain to be hit with the franchise tag, adding a $12.9 million figure to the payroll. With the remaining money, Denver has six restricted free agents and a draft class to sign, along with Julius Thomas, Terrance Knighton, Orlando Franklin, Will Montgomery, Mitch Unrein and Rahim Moore.
Denver needs to get this done with Manning before March 9, because on that date his 2015 salary becomes fully guaranteed. The following day is when free agency begins.
“I’m sorry for all of this, but I can’t excuse their refusal to be fair.”
Peterson appealed that decision through the league’s arbitration process, but Harold Henderson sided in favor of the league. The NFLPA filed suit in court to have the decision overturned. Doty’s ruling is expected to be appealed by the NFL, and the league can seek an injunction to keep Peterson from being reinstated while the appeals process is ongoing.