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NEW YORK, UNITED STATES:  Baltimore Orioles' owner Peter Angelos (2nd L) talks at a press conference with Chicago Cubs' CEO Andy MacPhail (L), Major League Baseball President Bob Dupuy (2nd R) and MLB chief negotiator Rob Manfred (R) 16 August 2002 at baseball headquarters in New York. The baseball players association set 30 August 2002 as a strike date if an agreement is not reached with the current contract.  AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images)

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Being Thrift with mounting debt and wringing the Belle with an insurance policy

Posted on 16 August 2017 by Nestor Aparicio

(Author note: This is Chapter 12 of my book “The Peter Principles,” which I was working to finish in March 2014 when my wife was diagnosed with leukemia the first time. I will be releasing the entire book for free online this summer – chapter by chapter. These are the true chronicles of the history of Peter G. Angelos and his ownership of the Baltimore Orioles. If you enjoy the journey, please share the links with a friend.)

 

12. Being Thrift with mounting debt and wringing the Belle with an insurance policy

 

I’ve been very productive in my life in baseball. I’m not going to be taken as some amateur or semi-pro trying to build a resume to get a job somewhere else, like a lot of my colleagues have done over the course of time. We really have had a plan of where we’re going, how we’re going to get there, what we’re going to do. And so far we’re very pleased with the progress that we’ve made with this team.”

Syd Thrift

April 2000

 

 

THE LOSS OF MIKE MUSSINA in November of 2000 came as a massive blow to the fans of the Orioles, whom by and large, were still loyal to the team and more so even to Cal Ripken who was clearly coming to the end of the line of what had been a legendary career.

The Orioles not only missed the playoffs the previous three seasons but really never spent a day anywhere near contention despite the many contentious vibes the team had been casting off in the shadow of an owner who had lost his way and was getting attacked on every front in the public eye.

Peter G. Angelos bought the Orioles in 1993 because he was nouveau riche and starved for attention and the power that came along with controlling a civic trust for the local sports community. He wanted to be important. He wanted to be famous. He wanted to be loved.

Now, he had the eyes of the metropolis on his every move and was wilting under the pressure of trying to follow through on his promises to make the team a winner every year. There was little doubt that Angelos wanted to win. He just had no idea how to do it and simply throwing money at players wasn’t the answer to chasing down George Steinbrenner and the New York Yankees, who were the reigning champions and winners of four of the previous five World Series. And now, the damned Yankees took the only thing the franchise had left that was worthy of pillaging – ace pitcher Mike Mussina, who led the evening news in a pinstripe uniform and a dark NY hat because Angelos had essentially botched the negotiations and demeaned him publicly.

Angelos refused to pay Mussina the going rate.

It was never brought to light or reported – mainly because after being transparent regarding the finances of the Orioles in the early days of his ownership, Angelos went silent and became evasive – but the team began truly hemorrhaging money during this era of ineptitude on the field. Angelos admitted that the team wasn’t making money in 1996 and 1997, when wins on the field didn’t translate to profit for the club. The Orioles had the third highest payroll in Major League Baseball in 1997 and led the sport in 1998 and were still massive spenders vs. the marketplace in 1999 and 2000.

Angelos inherited a team with a $27 million payroll in 1993. By the turn of the century, the Orioles were spending $84 million per year despite seeing revenues dropping sharply over the previous three seasons when losing affected everything about the bottom line for the team. Fans who had tickets through corporations began not using them. Concession sales suffered. And attendance was falling because it had nowhere to go but down after the halcyon days of Camden Yards as the stadium approached the decade mark and many other cities had seen their own new stadia and downtown renaissance.

Angelos was quietly writing checks, privately, to fund the tens of million of dollars of losses of the Orioles. He acknowledged to other investors that it was his decision-making – and his alone – that had guided the team into a predicament where it wasn’t profitable and was bordering on dreadful on the field.

And as much as Mussina was one check that Angelos refused to write for $14 million per year, he had another similar check with three more years on the line and $39 million of team payroll still committed to Albert Belle, who struggled mightily during the summer

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Bud Peter Ch 3

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MASN Money For Dummies (Part 4): Sue, sue, sue for the home team – Angelos v. Everyone

Posted on 22 January 2016 by Nestor Aparicio

 

“If we hadn’t reached a resolution with him, there is no doubt in my mind he would have sued,” said Bob DuPuy, baseball’s former president and chief operating officer. “He told my people he would sue and his professional background suggested that he was willing to sue.”

Bob DuPuy

Former MLB Chief Operating Officer

The New York Times

Aug. 19, 2011

 

 

Over the past decade, it’s clear that the script of “How to win the war with Major League Baseball and the Washington Nationals over $298 million” reads directly from the Peter G. Angelos law firm playbook.

There’s not one step in this process where litigation wasn’t threatened or, inevitably, enacted. The money – as we’ve outlined in the previous three chapters of this “MASN Money For Dummies” series – per this unique arrangement with Bud Selig and the MLB owners, has all been designed from the outset to funnel into his pockets.

And anyone not named Angelos who believes they’re entitled to it can line up with their lawyers and watch his legal team dance – all while dangling the hundreds of millions of dollars that’s currently sitting in his coffers. Later in this series, I’ll examine the world from Angelos’ point of view and what it’s meant to the baseball operation of the Baltimore Orioles, but it’s very clear to anyone watching this epic legal struggle that there’s an astonishing amount of money at stake.

Major League Baseball and the Washington Nationals are circling like buzzards to see what they can get – knowing they made a vague deal with a megalomaniac who has no intentions of ever giving any of them a nickel of the now billions in real money and value they’ve funneled his way since 2005.

If you want the money, you can deal with all of the aggravation, testimony, documents, discovery and lawyering up that Peter G. Angelos can muster and try to come and get it. Bud Selig left his throne without getting any closer than his successor Rob Manfred is getting. The dispute is now into its fifth year of absolute acrimony.

It was a fascinating admission on the part of Bob DuPuy, who was the foil in the Angelos-MLB negotiation at every turn in 2004 and 2005, that Angelos might be litigious. Some joked that DuPuy kept Amtrak in business, back and forth to Baltimore from New York to get a deal done for “Buddy,” who somehow thought he could strike up a reasonable agreement with Angelos after he crossed him by bringing a team to Washington.

Many make the mistake in believing that Angelos only likes asbestos and mesothelioma lawsuits.

Au, contraire.

Angelos stormed about legal action against Albert Belle and voiding his contract after he gave a fan the middle finger at Camden Yards, and eventually saved $30 million with an insurance claim that the team went to great lengths to enact.

He got the city to threaten to sue MLB back in 1994, after he walked away from his fellow owners in the labor stoppage in 1995 when they wanted to field replacement players.

He threatened the NFL when he tried to buy the Tampa Bay Buccaneers and even drew the attention of Art Modell before the Ravens came to Baltimore.

He’s fought with Ed Hale over billboards, aesthetics and advertising revenue at the then-First Mariner Arena.

He famously brought Russell Smouse, his lead lawyer, into the Orioles front office to keep things in order.

He threatened litigation and breach of contract with Dan Duquette in 2014, which is why the guy who’s currently running the team is still “running the team.”

Angelos wound up in a dispute with former GM Frank Wren over $400,000 after doing everything possible to publicly humiliate him with “causes” for his firing in the media. And that was 17 years ago.

And then, of course, the Angelos standby in contract negotiations with baseball players is the “player physical,” which has become something …

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