Quote of the Day
"Anything that predicts dire consequences right now is exaggerated and overstated."
-- NHL Commissioner Gary Bettman, on the league's current financial outlook (NATIONAL POST, 2/4).
Citi's Deal With Mets Under Renewed Scrutiny
With President Obama set to announce today execs of companies receiving bailout money will have their pay capped at $500,000, the focus on these companies’ marketing expenditures will only increase. This comes one day after a WALL STREET JOURNAL report that Citi was looking to back out of its 20-year, $400M naming-rights deal with the Mets for Citi Field. As the agreement earns more public and congressional scrutiny, Jeff Wilpon makes one of the Mets’ most vocal responses to the outcry -- and does so by bringing other financial institutions that have received federal bailout funds into the debate. Wilpon: "It's only fair to look at the others that are receiving TARP money that have other naming-rights deals around the country. Citi should not be singled out.”
Heading For Home
Jeff Moorad will be in the Padres' drivers seat by Opening Day, agreeing to sale terms with Moores.
Take Me Back To The Ballgame
Bob Costas returns to his roots with MLB Network gig, ending eight-year run at HBO.
Life Takes Visa
Phelps receives vocal backing from another sponsor, but columnists continue criticism.
Sky's The Limit
BSkyB retains current EPL TV rights in the U.K. in three-year, reported US$1.9B deal.
Sweet Home Alabama
Crimson Tide officials eye mega $80.6M expansion of Bryant-Denny Stadium.
In The Grasp
Alloy Media & Marketing buys popular high school sports Web site Takkle.com.