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FRANCHISE NEWS & NOTES: DOES RILEY WANT PIECE OF CLIP-JOINT?
Published June 19, 1995
In L.A., Mark Heisler floats the idea that recently departed Knicks coach Pat Riley could head to the Clippers, perhaps for 25% of owner Donald Sterling's franchise. Heisler: "Riley is a star. Sterling loves stars. If Riley needed 10% ownership to become General Manager, that would be $7.5 million worth." Heisler writes that Riley would give the team credibility and "a smooth running NBA franchise in Los Angeles should be worth $150 million, which would make Sterling's 75% worth $112.5 mil or darn slight more than his 100% is today" (L.A. TIMES, 6/18). NEWSDAY's Mike Lupica, echoes that idea, with a twist: "I think at some point in the next year, you will see Disney buy the L.A. Clippers from Donald Sterling and I think Pat Riley will go back and they'll give him some sort of vested interest" ("Sports Reporters," ESPN, 6/18)....The "latest" is that NFL Cardinals Owner Bill Bidwell "would not mind being the NFC team in L.A" (S.A. Paolantonio, PHILADELPHIA INQUIRER, 6/18)....In New York, Gary Myers writes that additional luxury boxes and club seating being discussed at Giants Stadium could "eventually mean an extra $5 million in annual revenue for the Giants and Jets." Plans call for an extra 80 boxes and 700-800 club seats. Construction could be done by '97 (N.Y. DAILY NEWS, 6/18).....Entrepreneur Skip Korb makes his presentation this week to the Regional Stadium Task Force in Cincinnati for a domed stadium for the Bengals. The $250M facility would be paid for by pension funds of retired construction workers, instead of through taxes. Bengals GM Mike Brown does not favor the plan (USA TODAY, 6/19)....The NHL team in Denver has received deposits for 7,000 season tickets (ROCKY MOUNTAIN NEWS, 6/17). ...The Class A Portland Rockies opened their Northwest League season Thursday before 19,658 (Portland OREGONIAN, 6/16).