The Bronx Is Earning

Documents Show Yankees Reaching Record Revenue

In a rare yet revealing look inside a team’s finances, the N.Y. DAILY NEWS obtains documents that not surprisingly show the Yankees as a “formidable cash-generating operation.” The papers indicate the team brought in a record $188M in gate receipts last year, a 20.5% increase over the '06 season. That compares to total gate receipts of $122M as recently as '04. The documents also show that when factoring in other revenue streams, Yankee Stadium took in more than $319M in '07. Meanwhile, the Yankees and Nike agree in principle to a five-year sponsorship agreement set to begin in '09, the team's first season in the new Yankee Stadium. The cash and product deal ends the team's historic 11-year relationship with adidas.

Truth Serum
ABC earns 6.9 overnight rating for Pierce, Celtics outlasting Cavs in Game Seven, marking the net's highest non-Finals ratings ever

On Tuesday It's Gone?
Upshaw expects NFL owners to opt out of CBA as early as tomorrow; is it possible that Panthers and Broncos are both losing money? 

We've Only Just Begun
Feds' inquiry into '03 MLB steroid tests could spark another round of drug investigations. 

Triple Crown Of Thorns  
Preakness sees decreased ratings, attendance, handle despite Big Brown's dominant win.

Eye Spy
Belichick on CBS News concedes making mistakes with Spygate, defends the team's actions.

They Won't Pass Him By
Hicks asserts plans to develop Glorypark, while delayed and revamped, will continue.

I'm A Celebrity, Get Me In Here
L.A. TIMES profiles Lakers Senior VP Tim Harris, the go-to-guy for stars looking for tickets.

Divided Legacy
Will Magowan be remembered for successes or the Giants' notoriety in the steroid era?