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Provisions of Islanders, SMG sublease for Coliseum

Some provisions of the sublease between

the Islanders and SMG:

Does not prevent the Islanders from either selling the team or permanently relocating.

If the Islanders were to leave and relinquish control of the Coliseum, they would immediately have to pay SMG the remainder of the rent due for the entire term of the lease.

Islanders are to pay SMG $3.4 million annually, plus additional payments structured as a percentage of the Islanders' net operating income.

The Islanders will receive all revenue that SMG used to get, including parking, concessions and some ticket sales and the team will handle all Coliseum bookings.


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