SBJ/July 6-12, 1998/This Weeks News

King of all media? Paper’s a start

Boxing promoter Don King, on trial in New York on insurance fraud charges, recently bought the Call & Post, a Cleveland newspaper marketed primarily to African-Americans, for $760,000. King hasn’t publicly announced any major changes for the weekly newspaper, which covers the three major markets in Ohio: Cleveland, Columbus and Cincinnati. An attorney for King said only that the promoter plans to keep the operation in Cleveland.

The NHL expansion Atlanta Thrashers named Don Waddell their first-ever general manager. Waddell moves from Detroit, where he was assistant general manager for the Stanley Cup champion Red Wings. The Thrashers begin play in 1999.

The University of Cincinnati and football coach Rick Minter agreed to a four-year contract extension that will pay the former Notre Dame defensive coordinator about $250,000 annually. The deal includes a $125,000 base salary, plus money from television and radio gigs. Minter could reap as much as $400,000 annually by meeting various incentives linked to victories, bowl games, attendance and graduation rates.

Denver Broncos quarter back John Elway won in the Victor Sports Award category for Professional Football Player of the Year. Elway, who won his first Super Bowl in January and recently decided to return for another season, received the award in Las Vegas June 27.

Guiding the University of Michigan’s football team to its first national title since 1948 has paid off for coach Lloyd Carr. He has signed a $5.1 million contract over seven years with Michigan that will more than double his salary. Carr, going into his fourth year as Michigan’s coach, will continue to get a base salary of $280,000 a year but will now also receive $465,000 annually for TV, radio and Internet appearances.

The Chicago Blackhawks have hired Dirk Graham as head coach. Graham, 38, played for the Blackhawks for seven seasons. He replaces Craig Hartsburg, who was fired in May after the Hawks failed to make the playoffs for the first time in more than two decades.

Vera Clemente and hall of famer Lee MacPhail will be the honorary captains for baseball’s All-Star Game on Tuesday. Clemente is the widow of hall of famer Roberto Clemente, who was killed in a plane crash in 1972. She’ll be honorary captain for the National League team. MacPhail, representing the American League, was AL president for 10 years.

The NHL expansion Columbus Blue Jackets named Doug MacLean the team’s president, adding to his current general manager responsibilities.

Former Green Bay Packers wide receiver Sterling Sharpe signed a multiyear extension with ESPN.
Philadelphia Phillies pitcher Curt Schilling was this year’s winner of the John Wanamaker Athletic Award. The honor, established in 1961, is awarded each year to the individual, team or organization that “has done the most to reflect credit upon Philadelphia and to the team or sport in which they excel.” Schilling was selected for his performance on the field and for his charitable work, including his fund-raising activities for amyotrophic lateral sclerosis, also known as Lou Gehrig’s disease.

MY BEST INVESTMENT

I’ll begin with the best investment made by my parents: providing me with excellent educational opportunities, allowing me to attend Yale University and Georgetown Law Center. Consequently, providing the same opportunities for my sons, Grant and Eric, ages 5 and 4, has been my investment priority. When I worked for the Philadelphia Eagles, I visited the Franklin Institute, a hands-on museum in Philadelphia, and stopped at an exhibit that automatically calculated what tuition at various universities around the nation in 20 years would cost. I punched in an Ivy League school, Penn, and the answer was $250,000. Unbelievable. At that point, we started putting money in a mutual fund every month as an investment in our sons’ futures. However, we won’t turn down a scholarship to Duke or Stanford.

Bob Wallace, senior vice president/administration and general counsel, St. Louis Rams


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