Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Franchises

ANGELOS NFL BID WOULD HAVE BEEN SWEETER THAN MODELL'S DEAL

     A copy of an uncompleted draft agreement between Orioles
Owner Peter Angelos and the Maryland Stadium Authority for the
purchase of the Bucs showed the state's investment could have
been up to $20M more than the $200M projected for Baltimore's new
NFL team, according to the Baltimore SUN.  The agreement was
dated January 10, 1995, but Malcolm Glazer bought the team six
days later and the deal was never ratified by the MSA.  Included
in the deal is a $3M payment where the state would have become a
limited partner in the team.  MSA's contribution would have also
included $10M in expenses and the agreement would have allowed
Angelos to sell naming rights to the stadium.  Art Modell's
agreement with MSA prohibits him from selling stadium naming
rights.  Angelos declined to comment on the agreement but former
MSA Chair Herbert Belgrade disputes critics who say Modell's deal
is more lucrative to his team than offers made to other teams,
adding, "They may get less."  Other differences included allowing
the Bucs unrestricted use of PSLs, while Modell is limited to
$80M, and a state reimbursement to Angelos' investment group of
up to $2.5M in legal fees and $10M for paying NFL fees and buying
out the lease in Tampa.  Modell will pay such fees through PSL
sales (Jon Morgan, Baltimore SUN, 2/16).
     BACK TO THE PRESENT:  Officials of the Baltimore NFL team
have tentatively made mid-March their target date to begin moving
from their training complex in Berea, OH, to their new, but
temporary, headquarters in Owings Mills, MD.  Today is the
deadline for the city and surrounding counties to submit
proposals for the team's new headquarters and training complex.
Team VP David Modell said no deadline has been set by the club or
NFL Properties on a name or color scheme (Mike Preston, Baltimore
SUN, 2/16).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

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/1996/02/16/Franchises/ANGELOS-NFL-BID-WOULD-HAVE-BEEN-SWEETER-THAN-MODELLS-DEAL.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/1996/02/16/Franchises/ANGELOS-NFL-BID-WOULD-HAVE-BEEN-SWEETER-THAN-MODELLS-DEAL.aspx

CLOSE