Go Back   Sports Central Message Boards > Professional Sports Discussion > Major League Baseball

Reply
 
Thread Tools Display Modes
Old 07-11-2002, 02:50 AM   #1
Brandon
is lurking...
 
Brandon's Avatar
 
Join Date: Nov 2000
Location: Austin, TX
Posts: 5,196
Brandon is on a distinguished road
Default 2 unknown teams in deep debt

Quote:
Wednesday, July 10

Labor talks to resume Thursday

Associated Press

NEW YORK -- As baseball prepared to resume labor negotiations following an All-Star break dominated by talk of strike, steroids and stalemate, commissioner Bud Selig claimed a team may not be able to make payroll Monday.

Selig made the comment during an interview Wednesday in Milwaukee with the Houston Chronicle and other papers, saying during the session that a second team had so much debt that it might not finish the season.

Selig did not identify the teams he was referring to, and there was no way to corroborate his claims.

The Houston Chronicle reported in Thursday's editions that Selig might have arranged to keep the Arizona Diamondbacks and Tampa Bay Devil Rays alive financially this past winter, according to its industry sources. The commissioner didn't name which teams are in financial trouble, but said one of them "will surprise you," according to the paper.

Reached at his home Wednesday night, Selig refused to discuss the subject.

"I'm done. Major league baseball's credit lines are at the maximum,'' Selig was quoted as saying in the Chronicle. "We've done everything we can to help people by arranging credit lines. Frankly, at this point in time, we don't have that luxury anymore.

"If a club can't make it, I have to let 'em go. I'm a traditionalist, and I hate all that. It pains me to do it. I just don't have any more alternatives.''

The talks are to resume Thursday.

Players and owners have not held a full negotiating session since June 27, and are far apart on all the key issues: increase revenue sharing among teams, the owners' proposal for a luxury tax to slow payroll growth, random testing for steroids and other drugs, extending the amateur draft world wide, and management's attempt to change salary arbitration rules and eligibility.

On Monday, the union's executive board met in a Chicago suburb. While the board did not set a strike date then, it asked players on individual teams to give it authority to set one. If there is no progress in negotiations, the executive board is expected to call for baseball's ninth work stoppage, setting a walkout date for August or September.

Players and owners also await the upcoming ruling from arbitrator Shyam Das, who heard the grievance filed by the union, which claims management's attempt to fold the Minnesota Twins and Montreal Expos violated the previous labor contract, which expired Nov. 7.

Das has told the sides he will attempt to have a decision by Monday. Contraction was put off by Selig until after the 2002 season following a string of legal losses by baseball in the Minnesota courts, which ruled the Twins had to honor their 2002 lease in the Metrodome.
A little surprising that the World Champions can barely defend their title. Everybody knew they had all that debt, however, I didn't realize how deep it was. However, Selig is probably overexaggerating a tad, but still, it looks grim.
Brandon is offline   Reply With Quote
Old 07-11-2002, 09:19 AM   #2
Marc
Administrator
 
Marc's Avatar
 
Join Date: Nov 2000
Location: Lake Wylie, SC
Posts: 26,498
Marc will become famous soon enough
Default

You just don't know if Selig is exaggerating or how much, but this is certaintly a pathetic situation that isn't happening nearly as much or to such degree in other leagues.
__________________
Marc James - SCMB Administrator | Sports Central Managing Editor & Founder
Teams: [Kentucky Wildcats] [Green Bay Packers] [Charlotte Hornets]
Follow on Twitter: @mnjames | @sportcentral
Marc is offline   Reply With Quote
Old 07-11-2002, 10:38 AM   #3
lmanchur.
Sports Virtuoso
 
lmanchur.'s Avatar
 
Join Date: Nov 2000
Location: waterloo.ON.ca
Posts: 12,579
lmanchur. is on a distinguished road
Default

Oh MY, I'm SHOCKED!!!!.... I'm even more surprised at the fact he won't tell us WHO!

lmanchur. is offline   Reply With Quote
Old 07-11-2002, 10:45 AM   #4
Heathen
Don't call it a comeback
 
Heathen's Avatar
 
Join Date: Mar 2002
Location: Medicine Hat
Posts: 4,334
Heathen is on a distinguished road
Default

Hmmmm......

.... or is this just a plot to scare the players a little.

I mean they've (MLB & Owners) gotta try everything they can to get the players to talk here.

I think its a scam....
__________________
Seattle Mariners | Medicine Hat Tigers | Calgary Flames | Seattle Seahawks
Portland Trailblazers | Medicine Hat Mavericks | Sunderland AFC | Calgary Roughnecks

tumblr | twitter
Heathen is offline   Reply With Quote
Old 07-11-2002, 08:15 PM   #5
Marc
Administrator
 
Marc's Avatar
 
Join Date: Nov 2000
Location: Lake Wylie, SC
Posts: 26,498
Marc will become famous soon enough
Default

I'm just shocked the D-Backs are among the teams in trouble. I mean, this is the World Champion we're talking about!

In a way, I can't blame Selig for not disclosing the teams as at least he is being considerate of their reputation. However, it seems all he does is make bad decisions and report bad things for baseball.
__________________
Marc James - SCMB Administrator | Sports Central Managing Editor & Founder
Teams: [Kentucky Wildcats] [Green Bay Packers] [Charlotte Hornets]
Follow on Twitter: @mnjames | @sportcentral
Marc is offline   Reply With Quote
Old 07-12-2002, 12:28 AM   #6
Brandon
is lurking...
 
Brandon's Avatar
 
Join Date: Nov 2000
Location: Austin, TX
Posts: 5,196
Brandon is on a distinguished road
Default

Actually its just a rumor that it's the D-Backs, but it makes too much sense to not be. Obviously this is a PR move for the most part, however, I do think that the teams are in serious trouble, this isn't something you could lie about.
Brandon is offline   Reply With Quote
Old 07-12-2002, 12:38 AM   #7
catman
Humble MLB Moderator
 
catman's Avatar
 
Join Date: Feb 2001
Location: Central Iowa
Posts: 9,325
catman will become famous soon enough
Default

The D'Backs have over-spent on their player acquisitions. They haven't gotten the return that they wanted, yet.
Mr. Selig has over-stated the "dire-straights" that the game is suffering right now, and this could be more of the same. ESPN reported that the team in the biggest trouble has "found" the money to make their payroll. Hmmm......
__________________
"Life is what happens to you while you're busy making other plans...." John Lennon

Catman
Rest in Peace, Buck. You were truly a giant among men.
catman is offline   Reply With Quote
Old 07-12-2002, 10:16 AM   #8
lmanchur.
Sports Virtuoso
 
lmanchur.'s Avatar
 
Join Date: Nov 2000
Location: waterloo.ON.ca
Posts: 12,579
lmanchur. is on a distinguished road
Default

Marc, I don't think there IS any reputation left in baseball anymore.
lmanchur. is offline   Reply With Quote
Old 07-19-2002, 01:12 AM   #9
catman
Humble MLB Moderator
 
catman's Avatar
 
Join Date: Feb 2001
Location: Central Iowa
Posts: 9,325
catman will become famous soon enough
Default

It is reported that one of the teams that was in financial difficulty was the Tigers, owned by the same guy that owns the Red Wings, a team that might have turned a small profit last season. He also owns Dominos Pizza, I think (another reasonably profitable organization), and the Tigers "losses" are being used to off-set income from these operations. There was never any danger that they wouldn't make their payroll.
__________________
"Life is what happens to you while you're busy making other plans...." John Lennon

Catman
Rest in Peace, Buck. You were truly a giant among men.
catman is offline   Reply With Quote
Old 07-19-2002, 01:33 AM   #10
lmanchur.
Sports Virtuoso
 
lmanchur.'s Avatar
 
Join Date: Nov 2000
Location: waterloo.ON.ca
Posts: 12,579
lmanchur. is on a distinguished road
Default

"Small" might be an understatement for the Red Wings. Same with Dominos the way I eat it ....I don't blame a guy for investing more of his money in the Tigers, but I'm sure he'd put in enough to make payroll.
lmanchur. is offline   Reply With Quote
Old 07-19-2002, 04:27 AM   #11
Brandon
is lurking...
 
Brandon's Avatar
 
Join Date: Nov 2000
Location: Austin, TX
Posts: 5,196
Brandon is on a distinguished road
Default

The D'Rays were the ones in danger of making payroll. They just now made the deferred payments (albeit late) to former D'Rays Steve Trachsel and Gerald Williams.
Brandon is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -4. The time now is 04:43 AM.