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Rodeo Staying In Las Vegas

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National Finals Rodeo (photo: JOHN GURZINSKI/AFP/Getty Images)

National Finals Rodeo (photo: JOHN GURZINSKI/AFP/Getty Images)

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LAS VEGAS (AP) — The National Finals Rodeo is staying in Las Vegas after all.

The Professional Rodeo Cowboys Association and Las Vegas Events announced Friday that they reached a deal to keep the 10-day event in Las Vegas through 2024.

The agreement stipulates that Las Vegas Events provide an annual $16.5 million purse and guarantee contestants $10,000 each year. Organizers also will provide cost of living increases for both purses and minimum payouts.

The PRCA was considering leaving for Florida after 29 years in Nevada, depriving Las Vegas of an event that generates $100 million for the local economy each December — the city’s tourism slow season.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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