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SBD/February 17, 2011/Franchises
Rays Owner Stuart Sternberg Optimistic About Team's Future In Tampa Bay
Published February 17, 2011
MUST GO DOWN TO GO UP: The Rays this year reduced their payroll by about 40%, and Sternberg said, “We lost a ton of money the last couple of years. You can't go on very long doing that. I suppose we could have spent more this year, but then the team the next few years would have been dramatically worse.” He added, “Certainly, if our revenues were higher, if the situation were different, we would have more to spend -- and I'd be thrilled to do it." Sternberg said that the “reduction in payroll is part of a cycle the team must endure every few years in order to survive” (MLB.com, 2/16).