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SBD/May 12, 2011/Franchises
Published May 12, 2011
SITTING TIGHT: In New Jersey, John Brennan notes a year after the NJSEA “was harshly criticized” by New Jersey Gov. Chris Christie for its “purchase of $840,000 worth of personal seat licenses for Giants and Jets games, the agency so far has sold just 14 of the 122 PSLs.” NJSEA VP/Public Affairs & Communications John Samerjan yesterday said that the agency “will continue to seek to recoup at least the original price of the PSLs throughout the spring and summer.” He said that the agency “had ‘no problem’ selling the tickets at face value -- ranging from $120 to $420 a game -- to its corporate partners during the inaugural season at the New Meadowlands Stadium” (Bergen RECORD, 5/12).
CUTTING COSTS: In West Palm Beach, Ben Volin noted the Dolphins are “hardly alone in cutting back on employee salaries.” At least eleven other teams “have publicly admitted to instituting some sort of cuts with its employees -- Cardinals, Jets, Bills, Packers, Chargers, 49ers, Raiders, Chiefs, Steelers, Bengals and Rams -- and the league office in New York City, as well, announced 12 percent pay cuts for all employees last month.” Ten teams have “stated that they won’t be instituting cuts, but several made those pronouncements back in March and may have changed their mind.” Only the Colts, Bears and Giants “have said definitively that they won’t be instituting pay cuts” (PALMBEACHPOST.com, 5/11). ESPN.com’s Tim Graham noted cutting employee salary is "another in a long line of unpopular moves" Dolphins Owner Stephen Ross has made in the past year. Graham: “His local Q-rating might be lower than Cam Cameron's or Pat White's" (ESPN.com, 5/11).
THE NEW BUZZ IN TOWN: The AP’s Brett Martel noted support for the Hornets “appears to be building among fans and businesses in Louisiana.” The team has “sold about 8,000 full-season tickets for 2011-12, up from about 6,300 when the 2010-11 season began.” The Hornets “have set their season ticket goal at 10,000 because that is about what they had in 2008-09, the last time the club turned a profit.” Attendance figures are “a crucial factor in Louisiana’s ability to hold on to its NBA franchise.” While the club’s current lease at New Orleans Arena runs through '14, the team “has the right to escape the lease if a two-year rolling attendance average -- calculated at the end of each January -- dips below 14,735” (AP, 5/11).