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SBD/November 12, 2012/Franchises
Published November 12, 2012
RAZING ARIZONA? In Phoenix, Sonu Munshi noted there will be a political shift in Glendale when “four new elected leaders are seated on the City Council.” The new council members, part of a new majority, are “expected to take a more skeptical stance on a Phoenix Coyotes deal.” Glendale Mayor-elect Jerry Weiers “used his victory speech to send a message to sports teams, namely the Coyotes.” Weiers said, “Glendale is not your cash register." However, Munshi noted, "Two months remain before Weiers and the others are sworn into office." The current majority "could still secure a deal to keep the hockey franchise at the city-owned arena this month” (ARIZONA REPUBLIC, 11/10).
START SPREADING THE NEWS: The WALL STREET JOURNAL’s Daniel Barbarisi wrote of the Yankees’ plans to reduce payroll to less than $189M by '14, “That is the new normal for the Yankees, who are suddenly learning to live like everyone else -- with limits." After years of payrolls in the $210M range, Yankees Managing General Partner & co-Chair Hal Steinbrenner "has mandated that the team cut payroll … to take advantage of tens of millions of savings in baseball's new labor deal.” The Yankees “still spend, but they're no longer the team that goes after the biggest and best.” Still, "depending on how the offseason shakes out, the Yankees might not have the highest payroll in baseball in 2013, the first time since 1998” (WALL STREET JOURNAL, 11/10).