Heritage Classic A Big Payoff For NHL Jets UFC Canada Boss Tom Wright Let Go COTA Officials Expect Large Crowds For F1 Race Pro Cycling Returning To Colorado In '17 Infantino Says World Cup May Expand To 48 Countries Safeway Open Suffers From Woods' Withdrawal CBB Barnstorming Event Canceled NHL Considering Outdoor Game At Michie Stadium Officials Expect Bigger Crowds For '18 Ryder Cup Giants-Mets Tickets May Set Record
WILL IMG SHOW SOME CART? FIRM WEIGHS CONTRACT EXTENSION
Published April 23, 1999
IMG "is mulling over" a three-year contract extension with CART for its Medic Drug Grand Prix of Cleveland, but has left open the possibility of obtaining another race series if negotiations "fall apart," according to Amy Rosewater of the Cleveland PLAIN DEALER. IMG's current contract with CART is up after this year's race on June 25- 27. IMG Motorsports VP Denny Young: "CART officials have an offer in front of us, but we're apart on dollars right now. I think they're stretching it on the dollar side." IMG has contracts with the city and the Federal Aviation Commission to hold the race at the Burke Lakefront Airport, but whether "it will be a CART race after this year depends on a new contract." Both IMG and CART would like to have a deal done by this summer. The average sanctioning fees for CART's U.S. races in '98 were $1.3M, and the fee for this year's Cleveland race is over $2M (Cleveland PLAIN DEALER, 4/22).