Friday, January 28, 2011

Mets money



The New York Mets sent a letter to their fans base today that one supposes was meant to be reassuring. The Mets, as we have covered here, were caught up in the massive fraud perpetrated by Bernie Madoff. Since Madoff's scheme collapsed and the dollars disappeared along with it, there have been concerns about the Mets budgetary ability to compete. The new ballpark has not ameliorated those worries. The Mets do not print money like their crosstown rivals, the Yanks. Can the Mets afford the payroll to compete, especially in a division with the newly minted powerhouse ninety miles down the Delaware River...

The letter said:
"January 28, 2011

Dear Mets Fans:

As Sterling Equities announced in December, we are engaged in discussions to settle a lawsuit brought against us and other Sterling partners and members of our families by the Trustee in the Madoff bankruptcy. We are not permitted to comment on these confidential negotiations while they are ongoing.

However, to address the air of uncertainty created by this lawsuit, and to provide additional assurance that the New York Mets will continue to have the necessary resources to fully compete and win, we are looking at a number of potential options including the addition of one or more strategic partners. To explore this, we have retained Steve Greenberg, a Managing Director at Allen & Company, as our advisor.

Regardless of the outcome of this exploration, Sterling will remain the principal ownership group of the Mets and continue to control and manage the team's operations. The Mets have been a major part of our families for more than 30 years and that is not going to change.

As we have said before, we are totally committed to having the Mets again become a World Series winner. You deserve nothing less.

We wanted to share this information with you concurrent with sharing it with all Mets employees and the media. Thank you for your ongoing support.

Sincerely,

Fred Wilpon
Jeff Wilpon"


Huh. If you were a Mets fan, dear readers, would you feel reassured?

The sports editor's dearly departed grandmother was a one of those fatalistic Mets fans who endured the drought between 1973 and 1986 when the Mets were a laughingstock. Right now, Mets fans aren't there. Despite the collapses and the disaster that was last year, Mets fans can still say, 'At least we don't root for the Pirates'.

Thursday, January 27, 2011

You want how much for parking?!?


Cowboy Stadium, home of this year's Super Bowl

Just when you thought, dear readers, that the $200 Dallas officials want to charge fans to stand outside the Super Bowl and watch the game on large screen television was the most outrageous rip-off you were going to hear about it; it has been trumped.

Because, your $200, or for that matter if you paid way more for tickets inside the building, does not include parking. Now the locals wouldn't attempt to gouge you for parking, would they?

ESPN reports that some lots are charging as much as $900.

That's right, $900!!! For the f*cking parking!!! At least you can tailgate and there is a porta-potty included at the $990/per North Collins spot which is only a tenth of a mile from Cowboys Stadium.

Willing to park a little further away? NFL sponsored parking a little over a mile away from the stadium will only run you at $71.40 Six Flags over Texas, but bear in mind, you cannot tailgate there.

Hmmmm, why do they call it the No Fun League?

Ducks Anti-Semitic?

The Anaheim Mighty Ducks are facing a lawsuit accusing their organization of systematic Anti-Semitism. A lawsuit filed Tuesday in Orange County, California, Superior Court alleges that coaches for the Bakersfield Condors, the minor league affiliate of the Ducks, repeatedly made anti-Semitic remarks and denied player Jason Bailey ice time because he was Jewish.

Reportedly, Ducks officials downplayed the allegations and had the Condors coaches write letters of apology. Both Condors coaches were suspended in 2009. The Bakersfield Californian reported that the reason was related to Bailey, who has now been traded out of the organization.

Wednesday, January 26, 2011

Tiger's back



It is a new season and Tiger is playing this week in the Farmers Insurance Open golf tournament at Torrey Pines. Tiger is playing Thursday and Friday with Rocco Mediate, the man who famously battled the limping Woods, at this same course during 2008 U.S. Open, through regulation and then an extra 18 holes, plus a sudden-death hole before Woods won. Rising young star Anthony Kim completes the trio.

What do you think, dear readers, time for Tiger to begin the comeback?

Monday, January 24, 2011

Those texts will haunt you

A thought from the Australian Open tennis tournament, do not put anything in a text message that you would not say to a person's face. Kim Clijsters reminded former Australian tennis star turned sideline reporter, Todd Woodbridge, of that axiom very publicly. The story goes like this. Woodbridge had sent a text to thirty-nine year old Australian doubles player Rennae Stubbs. Stubbs, a female, apparently felt some solidarity with Clijsters, the first mom to win a Grand Slam tournament since Evonne Goolagong Cawley at Wimbledon in 1980, so she showed her the message. Woodbridge had sent a text saying Clijsters looked "especially busty" and "grumpy" suggesting perhaps she was "pregnant" again. Clijsters called him out with grace and humor, courtside and on tv, after her next match. Watch below.

How much money in golf?


Bob Hope knew people...

The prize money in golf is unbelievable. We were once again reminded of that this weekend when they played the Bob Hope Classic in the desert near Palm Springs. As the Los Angeles Times reports, "The Hope was once a tour flagship event. Movie stars and celebrities showed up in droves. TV loved the blue skies and palm trees, and so did large TV audiences, much of them watching from snow piles back East..."

Nowadays, Bob Hope, himself, has long since slipped off the national radar. The event's tradition of playing with amateurs is not highly regarded by the touring pros, who can collect fat appearances fees for showing up at events on other continents. Which brings us back to the money, the obscene gobs of money. The Bob Hope Classic pays the winner $900,000. 900 large, 900 grand, that would be nine thousand $100 bills, but in this glistening era of recovery the purse size is among the smaller on the tour. Only seven PGA events offer less prize money, four of them are in late Fall, played after the Tour Championship when the season is all but over.

Where is the resentment at the disconnect between California's economic masses and these elites? Burbling.

Tuesday, January 11, 2011

Making bank



We ran across an article in the San Francisco Chronicle that cited a wonderful little piece of investigative journalism by The Sports Business Journal. Did you know, dear readers, that twenty-three of the college bowls are ostensibly non-profit foundations? Nonprofit organizations like those that operate the bowls are not allowed under the federal tax code to give excessive salaries or perks could be seen as using charitable funds to enrich private individuals.

Yet The Sports Business Journal found that:

the Outback Bowl paid Jim McVay $808,032
the Sugar Bowl paid Paul Hoolahan $645,386
the Sugar Bowl also paid Jeff Hundley $398,023
the Chick-fil-A Bowl paid Gary Stokan $504,444
the Chick-fil-A Bowl also paid David Epps $210,013
the Cotton Bowl paid Rick Baker $419,873
the Alamo Bowl paid Derrick Fox $419,045
the Fiesta Bowl paid John Junker $415,118
the Kraft Fight Hunger Bowl paid Gary Cavalli $377,475
the Orange Bowl paid Eric Poms $357,722

These bowls are all ostensibly non-profit organizations!

And the Obama administration just agreed to extend all these guys tax breaks.

The societal train has jumped the tracks.

L.A. Football?


AEG football stadium project, artist's conceptual drawing

If you are a fan of the Minnesota Vikings, this note from Peter King's Monday Morning Quarterback column in Sports Illustrated has got to make you very nervous. "I hear the new AEG football stadium project in Los Angeles is very close to a stadium naming rights deal with Farmers Insurance, and the insurance company will pay at least $400 million over 20 years if the deal is consummated. Which I expect to happen."

The Vikings and the Jacksonville Jaguars are the two franchises most likely to move to Los Angeles. It has been sixteen years since the NFL has had a team in L.A., that is a long time. There are definitely powerful forces at work trying to get Los Angeles a team, even if they do not agree on where to put it. The Clarion Content hates to be cynical, but it is worth noting that a time of labor strife, like the looming potential NFL lockout, might offer just the cover a franchise needed to ditch its existing fanbase.

Commissioner Roger Goodell weighed-in at the league's owner's meetings, "The No. 1 thing for us to make the economics work in Los Angeles is going to be a new collective bargaining agreement. I don’t think it is a coincidence that we have not had a new stadium built since we had an end to this collective bargaining agreement in 2006."

Look for follow-ups on how this story plays out in the coming months.