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MCMULLEN MEETS WITH NETS OWNERS; NJSEA'S MULCAHY TO RUTGERS?
Published January 12, 1998
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).