The attorney for the former president of the Phar-Mor discount drugstore chain, Michael Monus, claimed in federal Bankruptcy Court that Monus was "medicated and groggy" when he signed an agreement to sell his interest in the Rockies. Monus is suing Rockies investors to recoup money he believes he lost because he sold his stock for what he alleges was less than fair value (AP/ROCKY MOUNTAIN NEWS, 10/19).
Pistons owner William Davidson has agreed to contribute $1M to the program "Partnership to Adopt and Renovate Parks for Kids. Organizers of the program are trying to collect $20M to spruce up the city's aging parks (Pistons)....Jim Speros, owner of Baltimore's CFL franchise, said he plans to give fans a choice of six or seven names for the team. One option is to keep the team nameless (Baltimore SUN, 10/20).
Whalers GM Jim Rutherford said yesterday that if the entire NHL season is canceled because of the labor dispute, the team will not count its projected $8M loss against a four-year minimum guarantee to remain in Hartford. As part of the June sale agreement with the CT Development Authority, the new Whalers ownership group is allowed to move to another city if it has suffered cumulative operating losses of more than $30M after 4 years. Rutherford assured fans that if there is no hockey this season, the ownership group will pledge to remain in Hartford through the 1998-99 season. Rutherford, however, did say that if "half or three-quarters of the season is played," then the team will consider that a full season: "I believe this is evidence of our commitment to Hartford. We believe that it can work here if we can get a collective bargaining agreement that makes sense." Rutherford added that under the current CBA, the Whalers projected losses for a full 84-game season would be $9M. A canceled season will cost the team close to $8M (Jeff Jacobs, HARTFORD COURANT, 10/20).
Target Center Exec Dir Dana Warg said that after a recent phone conversation with NHL Commissioner Gary Bettman, "the stars are in the right direction" for the Winnipeg Jets to move to Minneapolis next year. The city of Winnipeg, which has been subsidizing the team, has until May 1, 1995, to decide whether to build an arena to keep the NHL franchise viable. Warg: "My guess is that they won't." New Timberwolves owner Glen Taylor has expressed interest in having a second tenant in the Target Center (Jay Weiner, Minneapolis STAR-TRIBUNE, 10/19). Winnipeg Deputy Mayor George Fraser said keeping the Jets in Winnipeg is a "razor-thin deal" that hinges on a resolution to the current labor dispute that includes a salary cap. Fraser added that if a league-wide cap is not put in place, "then Winnipeg will be the first city to make the decision to give up its NHL team. And it will soon be followed by other Canadian cities" (Scott Taylor, WINNIPEG FREE PRESS, 10/20). A source close to Jets' President Barry Shenkarow called Warg's assertions of a move to MN "garbage" (WINNIPEG FREE PRESS, 10/20). FLY AWAY JETS: In Winnipeg, Val Werier criticizes the city for spending $8.5M a year to keep the team: "If this an example of how we spend our money, it is clear where the priority should lie -- for the services of the less affluent citizens and not to underwrite in part the huge salaries of the Winnipeg Jets, eight of whom are in the millionaire class" (WINNIPEG FREE PRESS, 10/20).