Source says LVE has Tuesday deadline to respond to NFR counteroffer

Las Vegas Events has been given a deadline of Tuesday to respond to a counteroffer made by the Professional Rodeo Cowboys Association to keep the National Finals Rodeo in Las Vegas after 2014, a source said Friday.

The PRCA made the counteroffer on Tuesday after its board voted on Dec. 15 to reject an LVE offer.

The PRCA and Las Vegas Events are negotiating because their agreement to stage the popular 10-day NFR in Las Vegas expires after this year’s December event. The Colorado Springs. Colo.-based PRCA sanctions the rodeo, while Las Vegas Events markets and promotes the event known as the Super Bowl of rodeos. It has been held in Las Vegas for the last 29 years.

However, Las Vegas Events said there is no timeline or deadline. The organization said in a statement Friday, “We have not defined a timeline for our response. We are still in the evaluation process of the counteroffer and will not discuss any details at this time.”

Las Vegas is competing against Osceola County outside Orlando in Central Florida and Dallas to host the NFR after 2014.