LAS VEGAS, Nevada — It’s official, The National Finals Rodeo will remain in Las Vegas for the next ten years.
The Professional Rodeo Cowboys Association came to terms today with Las Vegas Events keeping rodeo’s biggest payday in Sin City.
Per the agreement, LVE will guarantee $16.5 million annually in purse and sponsorship for the Wrangler NFR. From 2015-19, the contestant purse will be $10 million, while stock contractors will receive $3 million annually. The contestants will be guaranteed $10,000 each year, which will not be offset by contestant winnings. From 2020-24, there will be cost-of-living increases to each purse and guarantee.
“This is truly a historic day for the Professional Rodeo Cowboys Association and the sport of professional rodeo,” said PRCA Commissioner Karl Stressman. “The PRCA Board of Directors and this administration has been through a long and at times painful process of due diligence and careful consideration in looking out for the very best interest of every member of this association and this great sport. It hasn’t always been easy, but what we’re announcing today makes it all worthwhile. We could not be happier, and look forward to working with our partners in Las Vegas on continued growth and prosperity for the Wrangler National Finals Rodeo and the Professional Rodeo Cowboys Association.”
Ted Harbin weighed in with his thoughts earlier today. You can read this story here: http://twistedrodeo.com/2014/01/24/nfr-staying-in-las-vegas/
Click here to view the original press release courtesy fo the PRCA: http://www.prorodeo.com/Story.aspx?xu=5857
What are your thoughts on today’s news?