The San Francisco 49ers have reportedly filed for arbitration with the city of Santa Clara, claiming that the city failed to negotiate lower rent for the 49ers home, Levi’s Stadium.
“The NFL team had been in negotiations with the city since November to lower rent for the remainder of a 40-year lease at Levi’s Stadium, which opened in 2014. The team argues it is entitled under its lease contract to a reduction of more than $4 million a year because of better-than-expected financial performance.”