Menu
Leagues and Governing Bodies

HIP-HIP HOO-RAY, DIAMONDS ARE FOREVER; MLB OK'S EXPANSION

     MLB owners unanimously welcomed the Tampa Bay Devil Rays and
Arizona Diamondbacks to baseball.  The Teams will start play in
the '98 season.
     THE TAB:  Each team will pay a $130M entry fee -- which
essentially be rise to $155M when other factors kick in.  For
each of their first five years, the new teams will receive $5M
less than existing franchises from MLB's Central Fund.  The loss
in revenue from the fund, which includes national TV/radio
rights, will total $25M.  Teams begin making payments on July 1,
1995 with a $32M contribution.  They will then pay $25M on July
1, 1996, $40M on July 1, 1997 and $33M on November 1, 1997 --
before the expansion draft.  Each expansion team will be allowed
to choose 40 players from existing clubs (Hal Bodley, USA TODAY,
3/10).
     THE LEAGUE:  Owners did not decide where to place the new
clubs.  That will be determined by January 1, 1997.  Many expect
Tampa Bay to go to the AL because of the NL's presence in South
FL and Atlanta (Jason Davis, TAMPA TRIBUNE, 3/10).  Placing a
team in each league would create a need for interleague play,
"which many owners want to avoid."  Phillies Owner Bill Giles:
"That's why we tabled it" (Henderson & Chastain, TAMPA TRIBUNE,
3/10).
     THE FIELDS OF DREAMS:  Tampa Bay will play at the five-year-
old Thunderdome in St. Petersburg, current home of the NHL
Lightning.  Discussions in '92, when the Giants were planning a
move to the area, showed plans to redesign some features of the
dome into "the mold set by Camden Yards."  There have also been
discussions about installing a grass field in the indoor facility
(Noam Neuser, TAMPA TRIBUNE, 3/10).  Most of the $35M-$43M
necessary for improvements will come from state taxes (TAMPA
TRIBUNE, 3/10).  Maricopa County, AZ, will fund $238M of a new
$278M needed to build a retractable dome stadium in downtown
Phoenix for the Diamondbacks.  The facility will seat 47,000 and
be located just two blocks east of America West Arena.
Colangelo's ownership group will pay $24M for the arena, while a
loan for $15M will be paid through advanced suite sales.  Sixty-
two of the 70 available luxury suites have already been reserved.
According to the ARIZONA REPUBLIC, Bank One has reportedly agreed
to pay $110M for 30-year naming rights for the facility (Bill
Chastain, TAMPA TRIBUNE, 3/10).
     DEVIL OF A NAME:  Amid controversy about the name chosen for
the Tampa team, the Devil Rays, Vince Naimoli, head of the Tampa
Bay ownership group, announced the team will let fans decide
between Devil Rays and Manta Rays.  Through March 17, fans will
be able to call a local phone number to register their choice
(ST. PETE TIMES, 3/10).  Columnist David Whitley: "With the
nation looking on, Naimoli spent his 15 minutes of fame
explaining how naming the team Devil Rays will not cause citizens
of Tampa Bay to scratch 666 into their scalps, drink chicken
blood and start playing Nirvana CD's backwards" (TAMPA TRIBUNE,
3/10)
     FRONT OFFICE:  Rich Dozer is expected to be named
Diamondbacks' President (ARIZONA REPUBLIC, 3/9).  Colangelo has
hired Joe Garagiola Jr. as Diamondbacks' GM.  Tampa Bay has yet
to name any baseball personnel, but Naimoli says within 60-90
days he plans on naming a GM to make most on-field personnel
decisions (TAMPA TRIBUNE, 3/10).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/03/10/Leagues-Governing-Bodies/HIP-HIP-HOO-RAY-DIAMONDS-ARE-FOREVER-MLB-OKS-EXPANSION.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/03/10/Leagues-Governing-Bodies/HIP-HIP-HOO-RAY-DIAMONDS-ARE-FOREVER-MLB-OKS-EXPANSION.aspx

CLOSE