NBA Free Agency Begins With Money Flying Steelers Exploring '23 Super Bowl Bid Redskins DC Stadium Could Hinge On Name Change Top Rank Files Suit Against Al Haymon NHRA Leadership Undergoing Changes IndyCar's Miles Fires Back At Critics Of Race Conditions CVC Capital's Mackenzie: Make F1 More Exciting Chargers, Raiders Meet With L.A. Officials Daytona Int'l Speedway Holding Flag Exchange MLS Expected To Add "Core Player" Roster Spot
SBD/12/Leagues Governing Bodies
FORBES PROFILES CFL'S IMPROVED MANAGEMENT
Published October 12, 1994
FORBES examines the "supply and demand" potential of the CFL. After losing money, Commissioner Larry Smith decided to "improve management." He recruited new owners for five teams, imposed a salary cap of $2M per team and brought "smart management and smart marketing" to the league. While further U.S. expansion (10 or 12 U.S. teams by '97) is planned, Smith won't move into "cities that have an NFL team, games are mostly played on Friday nights to avoid college and NFL schedules, and the season begins and ends two months before the NFL's." Smith has doubled entry fees from $3M to $6M (Randall Lane, FORBES, 10/24 issue). BALTIMORE NAME GAME: Baltimore's CFL owner Jim Speros "has initiated talks with the NFL aimed a producing an out-of-court settlement" over the Colts name. Speros does not want an expensive trial against the NFL and did acknowledge a settlement "may leave his team unable to use the cherished Colts name" (Jon Morgan, BALTIMORE SUN, 10/12).