SBD/25/Franchises

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  • BUCS MAY INTRODUCE PSL ALTERNATIVE -- SEAT DEPOSIT

         Because Bucs fans opposed permanent seat licenses to help
    fund a new stadium, the team may substitute a "ticket deposit"
    plan.  Ken Koehn reports in the TAMPA TRIBUNE that the ticket
    deposits would be an up-front contribution by fans that would be
    repaid through lower ticket prices over several years.  The team
    has hired Max Muhleman of Muhleman Sports Marketing to help
    develop the plan.  The cost for the deposits is projected to be
    less than PSLs -- at around $500/seat or lower.  Hillsborough
    County Commission Chair Jim Norman supports the idea (TAMPA
    TRIBUNE, 8/25).  Meanwhile, in Orlando, Bucs Exec VPs Joel and
    Bryan Glazer told the Orlando Buccaneers Booster Club that their
    first priority is to build a new stadium in Tampa.  Tim Turner
    writes that the Glazers' appearance and statement "seemingly
    ends" speculation involving a move by the Bucs to Orlando's
    Citrus Bowl (ORLANDO SENTINEL, 8/25).
    

    Print | Tags: Franchises, Tampa Bay Buccaneers
  • COLISEUM PROJECTIONS PAINT A ROSY PICTURE -- ARE THEY LEGIT?

         Under a court order obtained by the SAN JOSE MERCURY NEWS,
    Alameda County and the city of Oakland released financial
    documents detailing plans to pay for the Raiders deal.  The
    MERCURY NEWS' Witt & Koury report that "even their most
    pessimistic projections contain some rosy assumptions about the
    deal's potential earning power."  The Coliseum Marketing
    Association has sold only 31,000 of 45,000 available PSLs for
    this season, and is trying to sell 57,000 for next season.
    Although the documents reveal that the county must sell only 80%
    of PSLs and club seats to avoid a taxpayer bailout, that is based
    on "a long list of optimistic assumptions about events in the
    next 16 years that extend far beyond football ticket sales."
    East Bay officials project the sale of Coliseum naming rights
    will bring in $24M -- to be split between the Raiders and
    Coliseum.  However, while that price is consistent with other
    such deals, "there's no guarantee of such interest in Oakland,"
    especially with the city of San Francisco attempting to sell the
    rights to Candlestick Park at the same time.  The MERCURY NEWS
    also notes that the deal counts on $1.5M annually from baseball
    profits.  The A's have the option to leave Oakland in three
    years, which could eliminate that income.  Officials insist the
    Coliseum will make a profit on the deal (SAN JOSE MERCURY NEWS,
    8/25).
    

    Print | Tags: Franchises, Oakland Athletics, Oakland Raiders
  • NASHVILLE DEMANDS OILERS DECISION BY OCT. 20, OR NO DEAL

         Nashville Mayor Phil Bredesen told the TENNESSEAN that if
    the Oilers cannot decide on a move by October 20 -- the end of
    the two parties' exclusive negotiating period -- all deals are
    off.  Bredesen: "This is not going to go on forever, we are all
    busy people.  I would expect an agreement to come out of it that
    the Oilers would take to the NFL."  Bredesen is reportedly under
    fire from critics who say he is being used by the Oilers to get a
    better deal from Houston.  Meanwhile, in Texas, a District Judge
    "gave the Oilers their first victory" by ruling that he has
    jurisdiction over a suit filed by the team to prevent local
    parties from blocking a relocation.  The judge ruled against
    Houston, Harris County and Astrodome USA's bid to move the case
    to state court -- where they "believe they have a better chance"
    (John Williams, HOUSTON CHRONICLE, 8/25).
    

    Print | Tags: Edmonton Oilers, Franchises, NFL
  • ORLANDO OFFICIALS TO HERRICK: ONE OF THESE DAYS, NORTON ...

         Orlando developer Norton Herrick is seeking additional money
    from city and Orange County officials in his bid to bring
    baseball to Central FL.  According to Lawrence Lebowitz in this
    morning's ORLANDO SENTINEL, Herrick "appears to be on the verge"
    of making an offer for the Pirates, and is "trying to firm up
    several key financing questions" with local officials.  Herrick
    currently has an exclusive deal with Orlando and Orange County
    that the municipalities will build him a $150M ballpark if he
    moves a team to the area.  Herrick reportedly wants more,
    including: a commitment to spend $15M to renovate the Citrus Bowl
    for interim play while the new stadium is under construction; and
    a restructuring of the financing package to give Herrick control
    over taxes that will pay for long-term stadium and parking
    improvements.  Orange County Chair Linda Chapin: "We've already
    offered Mr. Herrick as much as the traffic will bear.  I'm not
    interested in sweetening the deal anymore."  Herrick has until
    March 9, 1997 to land a team before the deal expires.  There are
    doubts MLB would move a team 90 miles from the Devil Rays
    (ORLANDO SENTINEL, 8/25).
    

    Print | Tags: Franchises, MLB, Pittsburgh Pirates, Tampa Bay Rays
  • RILEY REPORTEDLY SENT HEAT DEMANDS BEFORE LEAVING N.Y.

         Former Knicks coach Pat Riley "was already laying the
    groundwork" to become the next Heat coach when he resigned over
    "philosophical differences" over control of the Knicks on June
    15, according to this morning's N.Y. TIMES.  Mike Wise reports
    that Riley outlined demands to the Heat in a 14-point memo to the
    team.  The memo reportedly includes a request by Riley to secure
    an immediate 10% stake in the team and another 10% over the
    length of the contract.  NBA Commissioner David Stern is expected
    to rule early next week on whether the Heat violated league
    tampering rules if the two teams cannot come to an agreement
    (N.Y. TIMES, 8/25).
    

    Print | Tags: Cablevision, Franchises, Miami Heat, NBA, New York Knicks
  • STACK'S HOUSE SHOULD BE JUMPIN'

         The Sixers announced that their season-ticket renewal rate
    is running at slightly over 90% for next season -- the highest
    since '83.  New season tickets are up 40% (76ers).
    

    Print | Tags: Comcast-Spectacor, Franchises, Philadelphia 76ers
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