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RAMS MOVE PROFILED IN WALL STREET JOURNAL
Published January 27, 1995
The Rams move to St. Louis is the focus of a front page piece in this morning's WALL STREET JOURNAL by John Helyar. Helyar writes the "economic underpinning of the league has long been its generous revenue-sharing arrangements: equal sharing of network television money and a 60-40 home visitor gate split. ... This egalitarian approach left NFL teams with basically equal resources." But Helyar notes the clubs now are becoming "economically stratified by their ability to extract -- or extort -- lucrative stadium deals. ... Suddenly, a stadium wasn't' considered just a game venue, but also a financial asset." Profits from improved facilities led to owners gaining from unshared income and moving to a different financial plane than their counterparts. Now, with the minimum salary in the NFL, the disparities between clubs has become more apparent. SportsCorp Ltd. Marc Ganis comments on the cap's effect: "Some people thought that would create more league parity. It has caused exactly the opposite. A low-revenue team now has spend very close to what the high revenue teams do for salaries" (John Helyar, WALL STREET JOURNAL, 1/27). NO TIME FOR SAVE THE RAMS: Save the Rams, the civic committee trying to block the Rams move to St. Louis, will not be able to address NFL owners at a special meeting on February 16 (ORANGE COUNTRY REGISTER, 1/27).