Newspaper article St Louis Post-Dispatch (MO)

La City Council Asks Dodgers to Go Public

Newspaper article St Louis Post-Dispatch (MO)

La City Council Asks Dodgers to Go Public

Article excerpt

In an effort to keep the Los Angeles Dodgers under local ownership, the City Council recommended Wednesday that owner Peter O'Malley consider taking the team public.

The council voted unanimously nine days after O'Malley's surprising announcement that he had put the team his family has controlled since 1950 up for sale. Suitors of all types have been lining up for the team, which is expected to fetch $300 million or more.

The resolution by councilwoman Laura Chick urges O'Malley to explore public ownership of the club, which includes the stadium in LA and property in Florida and the Dominican Republic. Public ownership is unprecedented in major-league baseball. "I think when we talk about wanting to keep the Dodgers in Los Angeles, it's not only about wanting to keep the team that has done well by us and that we care about, but to keep it in the same way," she said. Chick held up the NFL's Green Bay Packers as a model of such an arrangement. More than 4,600 shares of Packers stock are owned by 1,898 people, with no more than 200 shares owned individually. When shares are sold, which seldom happens, no profits are allowed. O'Malley, who has not commented since making his announcement Jan. 6, did not return a phone call, nor did the commissioner's office. BASEBALL Piazza's Agent Denies Proposal Catcher Mike Piazza's agent denied a published report that he proposed a six-year contract for his client for about $60 million to the Los Angeles Dodgers last week. "We made a proposal for a five- to a six-year deal, but dollar amounts were never exchanged," said the agent, Dan Lozano. The Los Angeles Times reported that Lozano asked for about $60 million over six years, that the Dodgers rejected a request for a long-term contract, and were expected to instead offer a two-year deal for about $14 million. "They made a proposal to us on a long-term deal," Lozano said. "The length of the contract was not long enough nor were the dollars per year enough. So therefore, we're in a situation where we're talking about a one-year or possibly a two-year deal." Stump Merrill will return as manager of the New York Yankees' Class AAA Columbus Clippers affiliate after leading the team to an International League Championship last season. Colorado Rockies chairman Jerry McMorris or New York Mets owner Fred Wilpon probably will head the search committee for the next baseball commissioner. McMorris is the leading candidate to run the search, a management source said on the condition he not be identified. The decision is to be announced today at the end of the owners' three-day meeting in Scottsdale, Ariz. Righthander Bobby Munoz agreed to a one-year contract for $200,000 with the Philadelphia Phillies, avoiding salary arbitration. Munoz earned $145,000 last year. …

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