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--entirely on inferences. At the first trial, 18 witnesses were called and 300 exhibits entered.
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Boxing promoter arraigned for fraud
NEW YORK — Boxing promoter Don King said he was being prosecuted for a victimless crime after being arraigned yesterday on an indictment charging that he and his business cheated Lloyd's of London.
The Associated Press
"Ijust think the situation is unfair," King said after entering an innocent plea in the case before U.S. District Judge Lawrence M. McKenna.
Already, one jury has deadlocked about the insurance fraud charges stemming from a 1991 fight that was canceled when a boyer was injured
McKenna, who has not yet set a date for a second trial, has ruled that there is sufficient evidence, but that it seems the case is built almost
Last week, Don King Productions Inc., the company through which King guides some of the most lucrative and biggest names in boxing, was added by prosecutors as a defendant to the case.
Prosecutors have accused King of faking a contract with Lloyd's of London insurance company to collect $350,000 in nonexistent training expenses for a canceled bout between Julio Cesar Chavez and Harold Brazer. Yet, Lloyd's of London played a small role in the first trial.
arraignment yesterday. "I think if fairness prevails, then I will prevail because I'm completely innocent of these charges and so is my company."
The indictment charges King and the company with nine counts of wire fraud, alleging that Lloyd's of London in 1992 wired $671,520 to Don King Production's bank account as payment on the insurance claim.
Chavez, former World Boxing Council super lightweight champion, testified in the first trial that King paid him only $80,000 to train and never told him about an insurance claim.
If convicted, King could face up to 45 years in prison and a $2.2 million fine.
Baseball salaries skyrocket
The Associated Press
NEW YORK — For the first time, the salary of one player — Albert Belle — is more than the payroll of an entire team — the Pittsburgh Pirates.
Less than two years after the players' strike, the average salary increased 17.6 percent to a record $1.38 million on opening day, according to a review of all major league contracts by The Associated Press.
In short, baseball's salary boom is back.
Belle, the game's highest-paid player this season at $10 million, is making $928,333 more than the whole Pirates payroll, which totals $9,071,667.
Belle was followed on the highest-paid list by Cecil Fielder of the New York Yankees at $9,237,500, which includes $7.2 million in salary and one-fifth of his signing bonus of $10,187,500. Barry Bonds of San Francisco is third at $8,666,667, with Roger Clemens of Toronto fourth at $8.25 million and Jeff Bagwell of Houston fifth at $8,015,000.
Among pitchers, Clemens is followed by Florida's Alex Fernandez and Atlanta's John Smoltz at $7 million.
Figures for the study were obtained by the AP from management and player sources. They include salaries and shares of signing bonuses and other guaranteed income.
The Yankees, champions of the World Series, have the highest payroll at $58.5 million, followed by Baltimore at $55.1 million, Belle's Chicago White Sox at $64.2 million, Cleveland at $54.1 million, Atlanta at $50.5 million and Texas at $50.1 million.
Pittsburgh's payroll is the lowest in the majors since Baltimore finished the 1990 season at $8.1 million.
More than one-third of the 774 players on opening-day rosters and disabled lists are making $1 million or more. A record 280 players are above the million mark, up from 241 at the start of last season and topping the previous record of 273 in 1993. Of that, 197 are at $2 million or more.
Increases are especially sharp at the top of the pay scale. The number of players making $7 million or more shot up from six to 15, the number at $6 million or higher nearly doubled from 18 to 32 and the $5 million club vent from 40 to 49.
In 1994, before the 7/12-month strike, just two players made $6 million or more.
The average salary computed to $1,383,578, up from $1,176,967 at the start of last season and an increase of 29 percent from the 1995 opening day average of $1,071,029.
The median salary — the point at which an equal number of players are above and below — rose from $360,000 to $450,000 — its level in 1994. It dropped to $275,000 following the end of the strike.
Philadelphia soccer team gets Kixx in old arena
Forty-eight players are at the minimum $150,000. There were 40 at the old minimum of $109,000 at the start of the 1996 season.
Total payroll topped $1 billion for the first time at $1.070 billion, up from $902 million at the start of last season.
The Associated Press
PHILADELPHIA — The self-proclaimed father of indoor soccer did something unthinkable this winter. Ed Tepper got his team, the Kixx, booked on weekends at the Spectrum, an arena with abundant parking and easy access from Interstate 95. He won the sponsorship of CoreStates, the regional bank whose name is now synonymous with professional sports in Philadelphia.
And his team drew 12,000 fans to one regular-season game.
Regional media giants Comcast and Spectacor took control of the NBA's 76ers and the NHL's Flyers last year and then moved both teams out of the Spectrum and into a new $215 million arena. Since then, secondary teams have found a welcome partner — and an empty pro-caliber stadium.
"It's absolutely unique," said Jim Drucker, former Arena Football League commissioner. "It's the
only city that I know of that has a modern, state-of-the art arena, and then it has a pretty darned good second arena right next door."
New York has three coliseums in Long Island, Manhattan and East Rutherford, N.J., but they draw from far-flung fan bases. The same is true of the suburban and downtown arenas in Chicago and Detroit. Buffalo has the new Marine Midland Arena, but the old Memorial Auditorium next door is closed.
National recognition comes to those who don't wait around.
We're firm believers in doing the job right the first time. That's why we take challenges and turn them into opportunities. It's your turn.
The University Daily Kansan is accepting applications for the positions of
Business Manager*
and Editor
for both the Summer and Fall 1997 terms.
Applications may be picked up at The Kansan Business Office, 119 Stauffer-Flint Hall. Deadline for both Business Manager and Editor application submission is
submission is
Friday, April 4, at 12:00 pm
*The Business Manager is responsible for the entire operation of The Kansan advertising department. Kansan experience is preferred.
THE UNIVERSITY DAILY KANSAN