October 31, 200421 yr This means they save a ton of money from revenue sharing meaning the Marlins, and all other teams will get a lot less cash from MLB. Note: $700m in private funding. Only the Yankees. From Business Week: For The Team That Has Everything... The New York Yankees may have suffered a humiliating collapse in the American League Championship Series, becoming the first baseball team to blow a 3-0 lead in a best-of-seven series. But the team hasn't lost its formidable financial advantage over the victorious Boston Red Sox and every other team. Owner George Steinbrenner is preparing to increase the Yankees' lead by building a new ballpark, with a big assist from baseball's other clubs. Currently, the Yankees -- with the biggest revenues and the biggest payroll of all Major League Baseball clubs -- chip in about $60 million a year to a revenue-sharing pool for poorer franchises. But per MLB rules, the Yankees will be allowed to deduct their entire cost to construct a new stadium in the Bronx -- estimated at $700 million of private funding -- from their local revenues, where the revenue-sharing money comes from. Since baseball requires teams to share 34% to 38% of their local revenues each year, that means the Yankees could save some $250 million in revenue-sharing over a decade. Plus, the increased concessions, sponsorships, and luxury seating the new stadium will bring will boost the Yankees' yearly stadium revenues by at least 25%, says Marc Ganis, President of SportsCorp, a sports-industry consulting firm in Chicago. The new park -- final plans for which are expected by yearend -- will only help cement the Yankees' status as baseball's richest club when it opens later this decade. Meanwhile, the rival Red Sox, MLB's second-richest, are stuck trying to wring out more cash by updating Fenway Park, the oldest and smallest in the league. Of course, as the Yankees have just proved, money can't buy a championship. But it boosts the odds that the club will continue qualifying for the postseason, as they have for 10 straight seasons. For Yankees fans, it's something nice to think about during what will surely be a long winter. By William C. Symonds
October 31, 200421 yr the curse of the bambino is done for guess that means new stadium is in the works
October 31, 200421 yr Well the house that ruth built will never be torn down... its a monument, almost like the empire state building, its that's popular in NY
October 31, 200421 yr This has been known for several months now. At least I saw the plans in the paper 3 or so months ago.
October 31, 200421 yr This has been known for several months now. At least I saw the plans in the paper 3 or so months ago. 605110[/snapback] ok, but if it just became official, u think it would be on the yankees website? i'll believe it when i see it there i've never been to yankee stadium, so i don't know what type of condition it's in, but i know it's undergone a couple of renovations, and i'd be very surprised to see the yankee fans just let it happen without a word
October 31, 200421 yr Yankee Stadium is in Above-Average condition I'd say. Its a great place to go see a ballgame. It just doesnt have those amenities (sp?) that these new breed ballparks have. As far as it being on the website, they've had several press conferences over the past year about a new Yankee stadium. These conferences included George and Mike Bloomberg (Mayor of NYC) laying out the plans for the place and the financial aspect of the stadium. The article posted by the topic starter contains no new information, so I dont imagine that it would be on the Yankee website.
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