Archive | Major-League Baseball

Despite a down economy, anticipated revenue bumps from the new Yankee Stadium gave the New York Yankees the base for signing C.C. Sabathia to the richest contract ever offered a pitcher, but the financial wherewithal of the team goes much further.Despite a down economy, anticipated revenue bumps from the new Yankee Stadium gave the New […]

The New York City teams will apply for $452 million in bonding from the city to complete Yankee Stadium and CIti FIeld, both slated to open in 2009.The New York Yankees and the New York Mets say they’ll seek $452 million in tax-exempt bonds from the city of New York’s Economic Development Corp. to complete […]

Crane Kenney says Tribune Co. will hold onto very small percentage of team.Chicago Cubs chairman Crane Kenney says the sale of the team, Wrigley Field and a share of a cable sports network should be completed by the beginning of spring training and shot down speculation the Tribune Co. and Sam Zell would retain up […]

The San Francisco Giants received a third deadline to come up with a development plan for an entertainment district next to AT&T Park.

Lew Wolff and crew will scrap ballpark village, use private financing to build new ballpark closer to mass transit.The Oakland A’s confirmed the rumors: they will scrap the idea of using the proceeds of a ballpark-village to fund a new ballpark, and will instead plan on a privately financed facility closer to mass transit. Even […]

Lew Wolff will reportedly move ballpark site close to BART line, scrap Ballpark Village concept.The Oakland A’s are looking at moving the site of a proposed Fremont ballpark closer to a planned BART stop, as team officials seem reconciled to dropping a master plan for 3,000 townhouses and apartment units surrounding and basically financing the […]

Baltimore wants a new spring-training ballpark; Sarasota officials want to renovate Ed Smith Stadium.The Baltimore Orioles and Sarasota County have reached an impasse in negotiations for the team’s potential move to Sarasota — and the impasse is very serious, causing the Orioles to send Cal Ripken Jr. to the Gulf Coast city yesterday in an […]

One report pegs the worth of the 20-year naming-rights deal at $500 million, not the $400 million previously reported.With Citibank’s naming-rights deal for the new Mets ballpark increasingly under fire, Jeff Wilpon used a press tour of Citi Field as an occasion to defend the financial giant and maintain the deal will not be scrapped. […]

The team will partner with a local group to promote the special section.If you have a kid in elementary school, you know how many children today suffer from nut allergies. That’s what makes the ongoing offering of a peanut-free section by the River City Rascals (independent; Frontier League) so important: despite the massive amount of […]

With Citibank shares plunging 22 percent yesterday and management announcing a suspension of dividends, whispers in the financial community say Citi may not be able to pay off Mets naming-rights deal.In the end, it may not be public outrage that kills Citibank’s naming-rights deal for the new New York Mets ballpark: it may be the […]

The team still hasn’t totally moved out of Yankee Stadium, delaying construction of youth baseball fields on the site.The New York Yankees are still occupying the former Yankee Stadium, delaying the demolition of the facility until April, in what’s expected to be a year-long process. The delay is also causing a delay in the construction […]

The Old Tiger Stadium Conservancy says they have the $12 million needed to preserve the Navin Field grandstand at Tiger Stadium.The Old Tiger Stadium Conservancy says they have the $12 million needed to preserve the Navin Field grandstand at Tiger Stadium. In a pitch today to the Detroit City Council and previously to the Detroit […]