Michael Cramer News
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Baseball’s Miami Marlins won public support for a $515 million stadium by saying they couldn’t compete without it. Now, after the team capped its worst season in more than a decade by trading high-priced players, taxpayers on the hook for ballpark costs are angry.
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The New York Yankees are “basically stuck” with Alex Rodriguez and the five years and $115 million left on his contract, according to baseball executives, including the one who traded the three-time American League Most Valuable Player.
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Republican Mitt Romney’s favorite football team, headed by a donor to President Barack Obama’s re- election bid, faces a rival Oct. 21 owned by a top Romney fundraiser who’s said he would rather see his candidate than his team win.
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The Los Angeles Dodgers have shot out of bankruptcy and into the ranks of baseball’s biggest spenders, fueled partly by a secret agreement between former owner Frank McCourt and Major League Baseball that may limit the revenue the team is obliged to share with less prosperous clubs.
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Albert Pujols may have gotten a better deal than the Los Angeles Angels with his new contract, said Michael Cramer, who was president of the Texas Rangers when they gave Alex Rodriguez $252 million over 10 years.
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Not even winning records have helped New York’s baseball teams at the turnstiles this season.
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LeBron James’s departure might mean more losses for the Cleveland Cavaliers than those on the court.
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Texas , which may balance its budget by firing thousands of teachers, plans to commit $25 million in state funds to Formula One auto racing each year for a decade.
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George Steinbrenner cemented his family’s control over the New York Yankees two years ago, ceding power to his sons to ensure the “unified strength” of one of the most successful franchises in sports.
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A record of winning is the biggest asset John W. Henry ’s Boston Red Sox holding company brings to its pending purchase of Liverpool, according to the chairman of England’s most-successful soccer club.
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