Word: contracts
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Dates: during 2000-2000
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...Warner at the FTC. And ironically, his case would not have had nearly as much resonance if Time Warner had not committed what one of its own executives calls "the stupidest business decision of the year." On May 1, after months of wrangling with Disney over a new retransmission contract for Disney's ABC television stations, Time Warner Cable shut the network off its system in New York City, Houston and Los Angeles...
...eyes of some, athletes have always been paid too much. This view was given new currency when the Seattle Mariners' free-agent shortstop, Alex ("A-Rod") Rodriguez, last week signed a 10-year contract with the Texas Rangers for (no typo) $252 million. Is A-Rod's windfall really news? Toward the end of the 19th century, the boxer John L. Sullivan earned four times as much as the President, and Sully's contemporary Mike ("King") Kelly, baseball's first transcendent star, was able to underwrite a flashy lifestyle with what bleacher bums saw as an oversize paycheck. Joe DiMaggio...
...inequity is in competitive balance. Only four or five teams could afford even to consider bidding for A-Rod's services or those of, say, Cleveland Indians outfielder Manny Ramirez, who last week signed the game's second richest contract, $160 million for eight years with the Boston Red Sox. Even the demands of mid-level players are soaring beyond the reach of less well-heeled clubs. Kevin Appier, who is hardly Pedro Martinez and isn't even Kevin Brown, will be paid $10 million a year after signing with the New York Mets last week, and the average major...
...satisfied as they would be with, say, the first volume of a trilogy like Philip Pullman's His Dark Materials (not that I am claiming the same literary quality; never think that). Right now I'm returning to print publishing because I love it and because I have a contract to fulfill--two books remaining...
This is unacceptable and now the owners, if they have half of a brain, must have resolved themselves to make a change. Though Rodriguez' contract certainly makes Donald Fehr and Gene Orza, the heads of the players union, giddy, they cannot in good conscience say that there is not a problem--presuming, of course, Fehr and Orza have a conscience. Watch when October hits for owners to put together a salary cap or a serious luxury tax proposal to do something to limit salaries--or force a team to accept tradeoffs if they overspend on a free agent...