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SBD/Issue 180/Sports Industrialists
Indians' Dick Jacobs Remembered For Saving Baseball In Cleveland
Published June 8, 2009
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| Dick Jacobs Dies At Age 83 Following Long Illness |
CLEVELAND ROCKS: In Cleveland, Terry Pluto wrote the reason the Indians "remain in Cleveland is because Dick Jacobs bought the franchise." Jacobs "always wanted to be the first in line to get the best deal, and he did that with the Indians." As the Indians moved into the newly-constructed Jacobs Field in '94, Cleveland was "beginning one of its most prosperous economic periods," and that made the ballpark "very attractive to corporations to buy suites and luxury seats." After the Browns moved in '95 and the Cavaliers became "mired in mediocrity," the Indians "suddenly emerged as the only real sports show in town." Pluto noted Jacobs "made sure his team had a profit margin" of at least 8%, and he was "willing to pay for stars, but not spend wildly." The bottom line was "part of the man," but that aspect of Jacobs' personality is "why the Indians were revived under him." Pluto added, "It's why I consider him the best owner in the history of Cleveland sports" (Cleveland PLAIN DEALER, 6/6). MLB.com's Castrovince & Hill noted Jacobs in '98 "made history by turning the Indians into the first publicly traded team" in MLB, as stock in the Indians opened on NASDAQ at $15 a share (MLB.com, 6/5). In Cleveland, Bill Livingston wrote, "Every brick of what is now called Progressive Field was his, every part of the rebuilding process of the Indians bore his imprint. The glory years of the 1990s came from the new foundation he and his brother David laid on the rubble of a franchise that had almost become irrelevant" (Cleveland PLAIN DEALER, 6/6).
LEAVING HIS LEGACY: In Akron, Sheldon Ocker noted Jacobs "bought low and sold high," passing the team off to Larry Dolan in '01 for $323M. Jacobs also was "able to coax the city into erecting a ballpark that ensured the club's continued presence in Cleveland." Former Indians GM John Hart, when asked why Jacobs assumed financial losses the first several years he owned the team, said, "Dick talked a lot about loving the community. He's a Northeast Ohio guy." Hart added, "He was tough, but he was a great guy. He grasped things (quickly), and he realized risk but understood." Ocker noted Jacobs in the early '90s allowed Hart to sign "young players to multi-year contracts, thus bypassing years of arbitration hearings." Hart: "This had never been done and there was a lot of risk. But it was so typical of Dick. He would hear you out, ask pointed questions and here we go. He just made things happen" (AKRON BEACON JOURNAL, 6/6). Ocker added Jacobs was "smart, rich, had a knack for hiring competent people and was not weighed down with a demanding ego that drove him to micromanage the team and seek every ounce of credit." Jacobs also "knew what he didn't know," which in this case was baseball (AKRON BEACON JOURNAL, 6/7). Former Indians manager MIKE HARGROVE in a statement said Jacobs "always had the last call, but let John Hart, (former assistant GM) DAN O'DOWD and myself do our jobs, which I will always be grateful for" (MLB.com, 6/5).
BEYOND BASEBALL: PLAIN DEALER architecture critic Steven Litt wrote while Jacobs "certainly deserves credit for keeping the team in town and helping it reach" two World Series, he "also should be remembered as something rare in Cleveland: a patron of architecture." Jacobs in '91 constructed Key Tower, the tallest building in Ohio, that has a "graceful spire with a gleaming metal cap that recalls the Art Deco spires of New York" (Cleveland PLAIN DEALER, 6/6). Former Cleveland Economic Development Dir Andis Udris said that Key Tower "helped symbolically preserve the city's status as a major city" (CRAINSCLEVELAND.com, 6/5). A PLAIN DEALER editorial stated as Cleveland "strives to reinvent itself, the vision and drive of Dick Jacobs will be missed" (Cleveland PLAIN DEALER, 6/6).








