SANTA CLARA -- The San Francisco 49ers filed for arbitration with the city Tuesday after failing to negotiate lower rent for Levi's Stadium.
The NFL team had been in negotiations with the city since November to lower rent for the remainder of a 40-year lease at Levi's Stadium, which opened in 2014. The team argues it is entitled under its lease contract to a reduction of more than $4 million a year because of better-than-expected financial performance."We're disappointed that this has to be the next step but unfortunately it's the only option we have left," San Francisco 49ers President Al Guido said in an interview Tuesday.