FINANCE NOTES: WHAT DOES STARTER'S BANKRUPTCY MEAN?

          In N.Y., Mike Freeman wrote there "could be a major
     shake-up in the next few months" at NFLP relating to the
     "deals it made with Starter," which filed for bankruptcy. 
     The league "could lose millions of dollars on things like
     uniform purchases" (N.Y. TIMES, 4/25).  In a SPORTSBUSINESS
     JOURNAL Cover Story, Andy Bernstein examines the impact of
     Starter's bankruptcy and reports that the leagues "must seek
     the bankruptcy court's approval in order to redistribute"
     Starter's licensee rights to other companies.  Bernstein
     adds that it is "not inconceivable that Nike would buy the
     Starter brand name" in its effort to "become the licensed
     market leader once and for all."   NBAP VP/Apparel Sal La
     Rocca, on Starter's bankruptcy: "At this point, it's a
     little premature for us to understand what impact it will
     have on our business" (SPORTSBUSINESS JOURNAL, 4/26 issue).