The University of South Florida plans to have the Tampa Sports Authority operate its new on-campus football stadium under an agreement that would allow the authority to share revenue from concerts, sporting events and other non-USF events.
The proposed agreement would give TSA 15% of revenue from non-USF events booked by the university and 20% of revenue from events booked directly by the authority. Revenue from USF athletic events would remain with the university.
The agreement would put TSA in charge of stadium operations, including event booking, parking, guest services, security and maintenance. The authority currently operates Raymond James Stadium, the Tampa Sports Authority SportsPlex and Rogers Park Golf Course.
USF Athletics would continue to manage concessions, sponsorship sales, coordination with university police and existing vendor relationships. The university also would remain responsible for capital improvements and would reimburse TSA for operating costs.
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The agreement would run from July 1, 2026, through Sept. 30, 2030, and includes two options to extend the arrangement for three years each.
In addition to operating the stadium, TSA would coordinate law enforcement and medical services, manage procurement, establish operating procedures and assist with marketing and capital projects.
USF is building the stadium on its Tampa campus as part of a broader effort to bring football operations on campus. Once complete, the venue is expected to host Bulls football games, concerts and other events.
The Tampa Sports Authority board is scheduled to consider the term sheet Tuesday. If approved, TSA President and Chief Executive Eric Hart would be authorized to negotiate and execute a final agreement with the university.
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