SBD/12/Franchises

MCMULLEN MEETS WITH NETS OWNERS; NJSEA'S MULCAHY TO RUTGERS?

          Devils Owner John McMullen "appears to have renewed his
     pitch" to buy the Nets "as part of a bid to secure a
     secondary tenant for his proposed arena in Hoboken," a
     "highly placed source" told Steve Hirsch of the Bergen
     RECORD.  McMullen, who met with members of the Nets
     ownership group on Friday: "I'm just not going to discuss my
     private affairs anymore."  One source, on McMullen: "His
     ultimate goal is to buy the team.  I think it's a question
     of how high the Nets' price is.  I've heard it's $150
     million.  The question is whether they cop out at $125
     million because they want the money" (Bergen RECORD, 1/10). 
     In N.Y., Fred Kerber reported that the Nets' meeting with
     McMullen was "not to hear an offer to buy the team, but
     rather a proposal to join the Devils in Hoboken" (N.Y. POST,
     1/11).  The Nets are due to begin talks with the state
     within two weeks, and the RECORD's John Rowe wrote that NJ
     Gov. Christie Whitman most likely "will extend [NJ Sports &
     Exposition Authority Chair] Robert Mulcahy's contract beyond
     its Jan. 31 expiration date so that Mulcahy can sit on the
     other side of the bargaining table from Nets President
     Michael Rowe, his former right-hand man" (RECORD, 1/11). 
          MULCAHY TO RUTGERS? Whitman has proposed that Mulcahy
     take over Rutgers' athletic department, according to Abby
     Goodnough of the N.Y. TIMES.  While Whitman and others said
     Rutgers President Francis Lawrence should "snap up" Mulcahy,
     whose NJSEA term ends this month, Lawrence said he would
     conduct a nationwide search for a new AD (N.Y. TIMES, 1/10).

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