AAA is owned by the county, though the team paid for its construction. The current complicated revenue-sharing system was tilted in favor of the team, with the Heat paying the county no money until last year's $270,000 payment.
According to the Miami Herald, the profit-sharing system would be ended and the team will now "donate" $1 million a year (including a back payment for 2013) to the parks department.
However, the team's county subsidies will also increase under the new deal. The team currently receives a $6.4 million subsidy. That will increase by $2 million between 2031 and 2035.
The city commission must still vote to approve the plan, and Gimenez is rushing to get it before the council before next Tuesday's meeting. Though, several commissioners told the Herald that they question the rush, and don't relish reading the approximately 500-page deal in time for Tuesday's meeting.