Award
Coastal Carolina University 4400026589
Multimedia Rights for Athletics
Recipient
VAN WAGNER SPORTS & ENTERTAINMENT LLC
Award Amount
$1,850,000.00
Ceiling
$1,850,000.00
Awarded
July 20, 2021
Identifier
4400026589
The State of South Carolina, through the SFAA Division of Procurement Services, MMO, awarded a contract to Van Wagner Sports & Entertainment LLC located at 800 Third Avenue, 28th Floor, New York, NY 10022. The contract is for multimedia rights for athletics at Coastal Carolina University. The contract has a minimum potential value of $1,850,000 and covers a period from July 20, 2021, through July 19, 2026. The contract includes annual minimum guarantees starting at $300,000 in the first year and increasing to $400,000 in subsequent years, with additional revenue sharing terms based on gross revenue above the annual expense budget. A notable contract requirement includes a capital improvement in 2021 for the installation of Contractor LED Arm Stanchion Signage valued at $40,000. Certificates of insurance coverage must be furnished prior to commencement of services under the contract. The contractor is not to perform work or incur costs prior to the effective date and receipt of a purchase order from the using governmental unit. Protest procedures are outlined for aggrieved parties.
Description
Contract for Multimedia Rights for Athletics awarded to VAN WAGNER SPORTS & ENTERTAINMENT LLC with a minimum potential value of $1,850,000.00 for the period from July 20, 2021 through July 19, 2026.