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REACTION TO USA TODAY'S BASEBALL FINANCE ANALYSIS
Published October 21, 1994
In Atlanta, Thomas Stinson examines USA TODAY's study of baseball finances (see THE SPORTS BUSINESS DAILY, 10/20). "It may come as little surprise that both sides on the labor dispute have troubles with the survey's findings." Braves Player Rep Tom Glavine: "Both sides have had economists making their findings and [USA Today] has its own opinion. It all depends on what you're looking for." The survey, for instance, projected losses "absorbed" by the Astros to be $14.2M. Astros GM Bob Watson called that "significantly low" but still found "substance in the general findings." According to Stinson, the survey made 11 "assumptions and/or adjustments that misrepresented the disparity between the losers and winners. Omitted, for instance, was debt service, a factor that may push" the Pirates, who reportedly lose $1M a month, to move (ATLANTA CONSTITUTION, 10/21). UPDATE: CNN's Fred Hickman: "Ten of the top agents in the business representing approximately half of the players with big league contracts met with union officials in New York. The consensus after the five hour meetings: The players will continue to sign new deal throughout the offseason, strike or no. They say the players are hunkered down and expect none to fold come spring training if no deal is in place at that time" ("Sports Tonight," CNN, 10/20). FANTASY SERIES: Studio City Holding announced the formation of a joint venture to produce a "fantasy" version of the '94 World Series. Participants are Sandlot Production Partners, Fawnsworth Int'l Picture Corporation and Studio City Holding. The "Series" is being recorded and prepared for broadcast by Radio Cinema (Studio City).