FSP/PENGUINS DISPUTE SETTLED; STATION RETAINS TEAM RIGHTS
Published June 18, 1998
Officials from Fox Sports Pittsburgh (FSP) and the Penguins announced yesterday that the two sides have reached a "binding, three-pronged agreement" in exchange for dropping their respective lawsuits, according to Chuck Finder of the PITTSBURGH POST-GAZETTE. The deal calls for FSP to retain the team's broadcast rights through 2008-09. In addition, the Penguins have pledged to pay $537,000 "within a month in advertising fees owed to" FSP. The dispute over $616,000 in cable subscriber fees "will be determined by both parties or, beyond that, an agreed-upon arbitrator." Penguins co-Owners Roger Marino and Howard Baldwin are scheduled to meet with Fox officials today in L.A. to "hammer out possible changes" to the broadcasting agreement. Finder reports that all lawsuits were dropped except a breach of contract one FSP filed against former station GM Bill Craig, who left the channel last September and joined the Penguins two months later as the team's Dir of Business Development (PITTSBURGH POST-GAZETTE, 6/18).