News for 12/19/12
Update 9:00 PM - In case you missed it, the good folks at Next Media Animation in Taiwan posted their pithy take on the A’s signing of Japanese shortstop Hiroyushi Nakajima.
News is fairly light, we’ll have to muddle through somehow.
- After the summer defeat of multiple bills attempting to revive redevelopment in some form, another has surfaced in SB 33, introduced by State Senator Lois Wolk (D-Davis). The bill’s purpose is to create infrastructure financing districts, in which projects could get infrastructure such as roads, sewers, and other public facilities built. There is no stipulation about building stadia. Regardless, creation of an IFD could be an important piece of the puzzle as some stadium projects require utilities to be moved or other unsexy work.
- The Dodgers are working with Fox Sports and Time Warner Cable on their ultra-rich upcoming TV deal. The sticking point is the structure of the deal, which has to work within the confines of a federal bankruptcy court’s decision to cap the Dodgers’ TV money subject to revenue sharing at $84 million. To work within the rules, the network may “force” the team to acquire an equity stake in the network, which would allow the network to pay an annual TV rights fee and a dividend. This is a similar arrangement to what the Giants and Yankees currently have with their respective networks. The Angels and Lakers are each paid a flat fee annually, which to date has been the normal arrangement. [LA Times/Bill Shaikin]
- The cost of the mostly unseen renovations at Dodger Stadium will be $100 million. Key to this is expansion of clubhouse facilities, including the visiting clubhouse. [LA Times/Steve Dilbeck]
- Robert Bobb may return to Oakland again, this time as the compliance director for the city’s negotiated settlement to prevent Oakland Police Department from falling into receivership. Bobb could potentially oversee all of OPD and report to federal judge Thelton Henderson on reforms being implemented throughout the department. Bobb was last hired by Oakland to fix its budget a few years ago. The position is meant to be temporary. [SF Chronicle/Matier & Ross]
- Somehow the Oakland City Council had an hours-long discussion over whether to approve a dog park at Astro Park, and adjourned without making a decision. Think about it. A dog park created gridlock and indecision. [Oakland Tribune/Matthew Artz]
- I don’t normally keep track of international soccer economics, but this was an eye-opener: Premier League champions Manchester City incurred a $158 million loss during the 2011-12 season. $113 million of that was transfer fees to buy players from other teams. That loss was actually half of the $307 million loss in 2012-13. Remarkably, the club is debt free because the owner, oil tycoon Sheikh Mansour bin Zayed Al Nahyan, has funded all expenditures out of pocket since he bought the team in 2008.
- CSN Bay Area/California’s Brodie Brazil took a tour of the under construction 49ers stadium, which is a third complete.
- Unable to come to an agreement in the Nats-O’s struggle over MASN, MLB may be bringing in buyers for the TV rights for the two clubs. Remember that the whole point of creating MASN was to placate Peter Angelos when the Expos were moved to DC. Commissioner Selig probably has this mess in mind while considering what to do with the Giants and A’s. [Washington Post/James Wagner]
- The Rays ballpark plan at Carillon is for all intents and purposes, dead. At least that’s what the developer who pitched the plan says. There currently is no plan in the works for a new ballpark within St. Petersburg, where the Rays are locked into a lease at Tropicana Field. [Tampa Bay Times/Stephen Nohlgren]
- The Sacramento Kings have to commit to Virginia Beach by January if a deal to move there is to commence. [KTXL-40/Dennis Shanahan]
- The Edmonton Oilers have a deadline of six weeks from now to reach a deal on a new arena to replace aging Rexall Centre. Like Virginia Beach, Edmonton’s arena plan has a nine-figure funding gap.
- The Yankees are going with Ticketmaster instead of MLB subsidiary StubHub as its official ticket scalper reseller. They’re also instituting a price floor on resold tickets, because otherwise their normal first-sale gouging looks worse by comparison. [Deadspin/Tom Ley]
More as it comes.