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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).