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ANGELOS NFL BID WOULD HAVE BEEN SWEETER THAN MODELL'S DEAL
Published February 16, 1996
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).