Section B · Page 4
The University Daily Kansan
Tuesday, October 27,1998
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--losses every year, as much as $17
million to $20 million a year. He
treated the team as if it were a charity. And I think it was to him. It was his gift to the city."
--losses every year, as much as $17
million to $20 million a year. He
treated the team as if it were a charity. And I think it was to him. It was his gift to the city."
Piazza signs for $91 million largest contract in baseball
NEW YORK — Mike Piazza is staying put, with the New York Mets expected to announce a $91 million, seven-year contract today.
Associated Press
The All-Star catcher and the Mets agreed to the deal, the richest in baseball history, last week during talks in Los Angeles.
He was eligible to file for free agency starting Thursday — the day after the New York Yankees, won the
Plazza, 30. finished a $15 million, two-year con tract this year. He was traded from Los Angeles to Florida in May after the Dodgers failed to sign him to a multiyear deal. The Marlins traded him to the Mets a week later.
World Series — but did not. As it turned out, details of the deal already had been finalized.
He hit .329 this year with 32 home runs and 111 RBL
The contract would be a record for total dollars and average money per season, topping Pedro Martinez's $75 million, six-year deal with Boston.
The deal appears to signal that the Mets will attempt to trade catcher Todd Hundley, due to be paid $2.5 million next season and $6 million in 2005 as part of a $21 million, four-year contract.
The Mets, according to published reports, also are close to signing ace left-hander Al Leiter to a four-year contract worth $32 million. Reports said the signing was imminent, and an announcement was expected early this week.
Leiter, 17-6 with a 2.47 ERA in 1998, said from his home in Florida that he and the Mets were close to a deal but that it had not been finalized.
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Royals finances less majestic
Depleting funds likely to require smaller payroll
KANSAS CITY, Mo. — The years of counting on the late Ewing Kauffman's money to keep the Kansas City Royals afloat have ended, but the team won't be gutted, Royals' general manager Herk Robinson said.
The Associated Press
"Quite frankly, we are no longer able to sustain the type of financial losses we've been having," Robinson said. "That money from Mr. K has been depleting rapidly."
The Royals have been without a permanent owner since Kauffman died in 1993. Kauffman left behind more than $37 million to cover the team's losses for several years. He decreed that when the team was purchased — for a starting price of $75 million — the money from the sale would go to charity.
With Kauffman's money running out and without a new owner, the Royals that take the field next season could be without many high-cost veterans and could find themselves relying instead on players from the minor leagues.
"It's not like we'll be gutting the team," Robinson said. "We're not going to go to the extremes. It won't be an $8 million payroll like in Montreal or Pittsburgh. But we need to break even financially or very close to it. And to do that, we need to play our vounter players."
Last season, the Royals' payrol was about $35 million.
The team has been losing money, but Robinson and Royals' chief executive officer David Glass would not confirm exact figures.
The most likely new owner, New York lawyer Miles Prentice, already has said that if he buys the team, he won't sustain those losses. He said he foresaw a payroll in the $25 million range.
"What happened around here is that fans got, well, we all got a little spoiled having Mr. K," Robinson said. "He bankrolled the team's
But Robinson said he hasn't talked to Prentice about the payroll or the team's direction in the future.
"We can't operate with the assumption the team will be sold in the next few months. What if it isn't sold? We have to be able to sustain
ourselves as if the team isn't sold.
We have to protect the franchise," he said.
Robinson said he thought fans would be
willing to support a young team
"You know, there are a lot of reasons to come out and see a baseball game at Kauffman Stadium," he said. "Improvements have been made to the stadium. There will be stars like Ken Griffen Jr., and Mark McGwire there from other teams.
"Baseball is a different product today than it used to be anyway. You have to entertain the fan in a lot of different ways other than just on the field. The whole experience has to be entertaining."
Glass still thinks that big-market teams will agree to some type of revenue sharing with small-market teams. Now, the small-market Royals receive only $7 million each season in revenue sharing.
"All you have to do is look at the NFL," Glass said. "Attendance is up. Everyone is selling out those big stadiums. It's a competitive situation for everyone, and financially, everyone does well. The pie for everyone
"We can't operate with the assumption the team will be sold in the next few months."
Herk Robinson General manager
gets bigger every year. Baseball simply has to do that eventually."
the Royals appeared to be starting a youth movement in 1985 when they unloaded several veterans and called up younger players. But the next season, the Royals traded for high-priced veterans such as Jay Bell and Jeff King.
"You want to put the best product on the field for the fans, the product you think will be competitive even though you know you should perhaps go the other direction with more younger players," Robinson said.
Next year, the Robinson said the Royals won't have a choice. The plan for the off season is to keep a few veterans to lead a corps of farm-system products. But players such as Jeff King, Kevin Appier, Jeff Montgomery, Tim Belcher, Jose Offerman and Hal Morris could be playing elsewhere next season.
"We'll be able to keep some of the veterans," Robinson said. "And don't get me wrong. We'll be able to sign some free agents, too. We're not gutting the team. It's going to have a more youthful look. You're going to see the Beltrans and the Giambis and Febles. These kids are exciting to watch, and I think the fans will take to them."
The task of molding that youth falls to manager Tony Muser.
"That's fine by me," he said. "I spent a lot of years in the minor leagues teaching and managing, so I'm not unaccustomed to doing that. These kids will have to get there in a hurry, and it's my job to see they get there."
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