[Resolute 14]

http://www.sun-sentinel.com/local/br...208-story.html

Under what's proposed, of the $86 million, the Panthers organization would have to spend $1.5 million drawing a "high impact event,'' $39 million on capital improvements at BB&T Center, and $45.5 million on operating costs like the electricity bill. None of the money would go toward the hockey team side of the business.

County Auditor Evan Lukic said an irrevocable letter of credit was a significant improvement to this deal over previous requests. He was critical of the Panthers' last public request but called this one "plausible.'' The letter would ensure the county gets its money if the team files bankruptcy or moves away, he said.

Also, if over a seven-year period, the team racked up $100 million in losses, it would be eligible to leave starting in Year 9, after paying a termination fee. That fee starts at $72 million and decreases each year.