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Volume 24 No. 159


     A copy of an uncompleted draft agreement between Orioles
Owner Peter Angelos and the Maryland Stadium Authority for the
purchase of the Bucs showed the state's investment could have
been up to $20M more than the $200M projected for Baltimore's new
NFL team, according to the Baltimore SUN.  The agreement was
dated January 10, 1995, but Malcolm Glazer bought the team six
days later and the deal was never ratified by the MSA.  Included
in the deal is a $3M payment where the state would have become a
limited partner in the team.  MSA's contribution would have also
included $10M in expenses and the agreement would have allowed
Angelos to sell naming rights to the stadium.  Art Modell's
agreement with MSA prohibits him from selling stadium naming
rights.  Angelos declined to comment on the agreement but former
MSA Chair Herbert Belgrade disputes critics who say Modell's deal
is more lucrative to his team than offers made to other teams,
adding, "They may get less."  Other differences included allowing
the Bucs unrestricted use of PSLs, while Modell is limited to
$80M, and a state reimbursement to Angelos' investment group of
up to $2.5M in legal fees and $10M for paying NFL fees and buying
out the lease in Tampa.  Modell will pay such fees through PSL
sales (Jon Morgan, Baltimore SUN, 2/16).
     BACK TO THE PRESENT:  Officials of the Baltimore NFL team
have tentatively made mid-March their target date to begin moving
from their training complex in Berea, OH, to their new, but
temporary, headquarters in Owings Mills, MD.  Today is the
deadline for the city and surrounding counties to submit
proposals for the team's new headquarters and training complex.
Team VP David Modell said no deadline has been set by the club or
NFL Properties on a name or color scheme (Mike Preston, Baltimore
SUN, 2/16).

     The AHL Cornwall Aces have announced that the city of
Cornwall, Ontario, has decided to terminate its contract with the
team at the end of the season.  Mayor Ron Martelle said the city
was unable "to continue the financial commitment necessary to
operate an AHL franchise."  The Aces will address the future of
the club soon (ESPNET, 2/15).... The city of Baltimore is among a
number of creditors suing CFL owner Jim Speros over debts
incurred during the Stallions' stay.  The city is seeking
$435,782 it claims it is owed on a defaulted loan for Memorial
Stadium improvements.  Speros says he intends to pay all
creditors once a $2.75M loan from Canadian officials is approved
(Baltimore SUN, 2/16).... Today was the deadline for prospective
Devil Rays season ticket holders to pay a 25% deposit to maintain
their priority number.  How many of the 4,000 accounts and 15,000
seat reservations were paid for won't be known for a few weeks,
according to Devil Rays Dir of Sales and Marketing Mike Seamon
(TAMPA TRIBUNE, 2/16).... The Jaguars have decided to opt out of
their training camp contract with Univ. of Wisconsin-Stevens
Point.  They will train instead in Jacksonville.  The school is
talking with the Rams to take the Jaguars' place (MILWAUKEE
JOURNAL SENTINEL, 2/16). ....T-Wolves Ticket Sales Manager Jeff
Munneke, on demand for tonight's sold-out Bulls game:  "If we put
this game in the Metrodome, we could easily sell 50,000 tickets.
No question" (Minneapolis STAR TRIBUNE, 2/16)....In Seattle,
Angelo Bruscas examines the reception Ken Behring has received in
L.A. since announcing his intention to move.  L.A. City
Councilman Mike Hernandez:  "It was a total surprise ... the
proper groundwork wasn't there."  Behring spokesperson John
Eckel, of Hill & Knowlton:  "Once this is all settled and the
legalities are cleared away, you're going to see a tremendous,
tremendous amount of support come out down here" (SEATTLE POST-

     Maple Leafs President Cliff Fletcher responded to reports
that MLG Ltd. "passed" on as much as C$70M in added TV revenue,
thus enabling Owner Steve Stavro to purchase the company more
easily.  According to yesterday's FINANCIAL POST, Fletcher called
the claims "an unadulterated crock." The issue of TV revenue is
central to the case of the Ontario Attorney General and Office of
the Public Trustee, who have challenged Stavro's control of MLG.
According to court documents which surfaced in recent newspaper
accounts, the Leafs "did not pursue significant money by
reopening a clause in its broadcast contract with Molson
Breweries."  According to Fletcher, while there were legal
opinions that said the contracts could be reopened, there were as
many that said they couldn't.  Fletcher cited the fact the team
hired IMG's Barry Frank to negotiate the deal -- whom Fletcher
considers the best in the business -- and said, "For anyone to
suggest now that we didn't max out every nickel, I can assure you
we did."  Fletcher also denied the claim that they kept out
competition, namely Labatt.  Fletcher:  "I can tell you this
much, our alternatives were very limited" (Steve Simmons,