GRIZZLIES LOSING MONEY; MINNESOTA MISSING THE TARGET

          While Canucks Owner John McCaw reported a loss of
     C$36.6M last week for the twelve months ended June '98, the
     report also represented the Grizzlies' first financial
     statement since they entered the league in the '95-96
     season, according to Lowell Ullrich of the Vancouver
     PROVINCE.  Grizzlies VP/Business Operations Dave Cobb said
     that after recording a profit of "at least" C$4M through the
     first two seasons, the team "dropped" C$5-7M after "building
     debt and depreciation."  The Grizzlies did receive "an
     installment" on the US$22.75M they will receive as part of
     the NBA's TV package, but Cobb "wouldn't say if that would
     cover losses" should the season be canceled.  Ullrich: "That
     leaves the Grizzlies as no better than a break-even
     proposition since they began" (Vancouver PROVINCE, 11/18).  
          OFF TARGET: In Minneapolis, Target Center Exec Dir Dana
     Warg said that the arena has already lost "about" $600,000
     in income during the lockout and the loss would total $1.6M
     if the season is canceled (Minneapolis STAR TRIBUNE, 11/20).