TMG/AEG Live has nailed down a multiyear tour deal with stadium-level country artist Kenny Chesney that could stretch into 2013, Billboard has learned.

Through the agreement, which begins in 2009, TMG/AEG Live snares one of the industry's most potent concert draws at a time of increasing economic uncertainty.

Specific financial terms were not disclosed, but the unique agreement doesn't include an advance or signing bonus and is structured around salable ticket inventory, as opposed to tickets sold.

With Chesney to be paid a guaranteed amount based on the number of tickets available for sale, TMG/AEG Live will face even greater pressure than usual to fill the seats at every show.

Still, Chesney's new deal with TMG/AEG Live provides greater flexibility for both sides. TMG/AEG Live won't have to...

Click here for the full story including insight into the agreement's rights and sponsorship details, how both sides plan to handle ticket prices and more.

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