Deal framework
The New Orleans Saints and the state of Louisiana are nearing a long-term lease agreement for the Caesars Superdome: a 10-year base term with four team options of five years each. If all options are exercised, the Saints would remain in the Superdome through 2055. An announcement could come as early as next week, according to multiple reports.
Relocation penalties
The proposed lease includes a relocation fee designed to deter any future move, with the price tag reportedly reaching up to $250 million. League rules would also require approval from at least 24 NFL owners for any relocation.
Why it matters now
Finalizing the deal by September 17 would bolster New Orleans’ effort to land the 2031 Super Bowl. It also extends the franchise’s half-century run in the Superdome—unusual longevity at a time when many teams chase new venues within a couple of decades.
Context
The Superdome has undergone multi-year renovations in recent seasons, with funding from the state, the LSED and the Saints. The new lease would signal continued investment in the venue while keeping the team anchored in New Orleans for the long haul.
