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Leagues and Governing Bodies

ANGELOS FLOATS BUYING OUT MONEY-LOSING TEAMS W/REVENUE POOL

          Orioles Owner Peter Angelos is still trying to convince
     fellow MLB owners to "focus their revenue-sharing program on
     new stadium construction," according to Peter Schmuck of the
     Baltimore SUN.  Angelos "still feels that it would be a
     better way to use the millions that are being transferred
     from large-market to small-market clubs."  Angelos has
     "talked informally" to some owners about the idea and "could
     bring it up" again when MLB begins to form a strategy for
     its next CBA talks with the MLBPA.  Angelos added that if
     MLB "cannot find a way to upgrade the revenues of struggling
     small-market teams and improve the level of on-field
     talent," he would "support a radical plan to use the
     revenue-sharing pool to buy out some struggling franchises
     and reduce the number of major-league teams."  Angelos: "I
     think we're going in the wrong direction.  There are more
     teams going after players, which is driving up the cost of
     players, and, in turn, driving up the cost of tickets and
     concessions."  Angelos: "Baseball is absolutely a bargain,
     but I can't see it remaining a bargain" (SUN, 4/25).

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