Menu
Facilities Venues

ORIOLES' PARITY CLAUSE ARGUMENT COULD GO EITHER WAY

     While Orioles Owner Peter Angelos claims he is eligible for
a deal "as sweet" as the one proposed for Art Modell because of a
parity clause in the club's lease with the Maryland Stadium
Authority, legal experts consulted by the Baltimore SUN do not
fully agree.  Martin Greenberg, Dir of  Marquette's National
Sports Law Center, points out while the Orioles may be entitled
to "some enhancements," the team's lease guarantees the club only
"fairly comparable" terms with any football franchise and that
the difference between the two team's deals is "not necessarily
vast."  In order for the Orioles to prevail, there must be
inequality of the entire package.  Univ. of Maryland Law Prof.
David Bogen adds it will be difficult for an arbitrator to
differentiate between the deals because financial aspects of the
two sports are "apples and oranges."  In letters to Stadium
Authority Chair John Moag and MD Gov. Parris Glendening, Angelos
noted "alleged inequalities" in three areas:  Rent vs. operating
costs; stadium sky boxes; and control of non-stadium events
(Snyder & Morgan, Baltimore SUN, 2/14).
     NO LOVE LOST?   The SUN's Snyder notes the "growing
bickering" between Moag and Angelos, writing that "behind-the-
scenes tension" between the two began almost as soon as Moag took
over the Authority post and "supplanted" Angelos as the head of
Baltimore's NFL effort (Baltimore SUN, 2/14).
     MORNING BRIEFING:  MD Gov. Parris Glendening, legislative
leaders and other "key players" met at length yesterday, but
failed to find a suitable way to win approval for the plan to
spend $273M on stadiums for Baltimore and the Redskins.
Discussion included:  Extending the life of bonds used to pay for
the Baltimore facility, and determining how much Prince George's
County is "obliged" to contribute toward infrastructure costs for
the Redskins' project (Smith & Waldron, Baltimore SUN,
2/15)....Despite Art Modell's comments that he is "over-extended"
and cannot contribute anything toward a $200M Baltimore stadium,
MD Speaker Casper Taylor said, "We're making progress.  Mr.
Modell is a very pragmatic person" (WASHINGTON TIMES, 2/15).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1996/02/15/Facilities-Venues/ORIOLES-PARITY-CLAUSE-ARGUMENT-COULD-GO-EITHER-WAY.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1996/02/15/Facilities-Venues/ORIOLES-PARITY-CLAUSE-ARGUMENT-COULD-GO-EITHER-WAY.aspx

CLOSE