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#1 Posted on 17.7.02 1350.51 Reposted on: 17.7.09 1359.02
HOUSTON -- The owner of the Houston Astros says he's through with baseball unless a labor contract is approved that assures a system more equitable to mid- and small-market franchises such as his.
Drayton McLane Jr. said he has lost about $105 million since buying the franchise for $115 million in 1993. He is projecting losses of at least $5 million this season.
"I have clearly said that there has to be a solution when we sign the new agreement -- whether it's signed in two months or two years,'' he was quoted in Wednesday's editions of the Houston Chronicle. "There has to be a new system. Otherwise, there's no point in me staying in.''
He was asked specifically if he intends to sell the franchise if he isn't happy with the new labor agreement that emerges.
"Absolutely. There's no point. What makes it no fun are the financial losses. Here we are trying to beat the Arizona Diamondbacks, the Los Angeles Dodgers, the New York Mets and the Atlanta Braves, and all those teams have payrolls of $90 million or better,'' McLane said.
"We've got a $64.7 million payroll. And based on that $64.7 million payroll, we're going to lose about $14.5 million this season
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#2 Posted on 17.7.02 1417.58 Reposted on: 17.7.09 1424.07
Originally posted by mountinman44HOUSTON -- The owner of the Houston Astros says he's through with baseball unless a labor contract is approved that assures a system more equitable to mid- and small-market franchises such as his.
Yeah, Houston is only the fourth largest city in the country.