Yankee Stadium Dining Guide
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Valuation of NFL Franchises
Valuation of NFL Franchises Author: Sam Hill Advisor: Connel Fullenkamp Acknowledgement: Samuel Veraldi Honors thesis submitted in partial fulfillment of the requirements for Graduation with Distinction in Economics in Trinity College of Duke University Duke University Durham, North Carolina April 2010 1 Abstract This thesis will focus on the valuation of American professional sports teams, specifically teams in the National Football League (NFL). Its first goal is to analyze the growth rates in the prices paid for NFL teams throughout the history of the league. Second, it will analyze the determinants of franchise value, as represented by transactions involving NFL teams, using a simple ordinary-least-squares regression. It also creates a substantial data set that can provide a basis for future research. 2 Introduction This thesis will focus on the valuation of American professional sports teams, specifically teams in the National Football League (NFL). The finances of the NFL are unparalleled in all of professional sports. According to popular annual rankings published by Forbes Magazine (http://www.Forbes.com/2009/01/13/nfl-cowboys-yankees-biz-media- cx_tvr_0113values.html), NFL teams account for six of the world’s ten most valuable sports franchises, and the NFL is the only league in the world with an average team enterprise value of over $1 billion. In 2008, the combined revenue of the league’s 32 teams was approximately $7.6 billion, the majority of which came from the league’s television deals. Its other primary revenue sources include ticket sales, merchandise sales, and corporate sponsorships. The NFL is also known as the most popular professional sports league in the United States, and it has been at the forefront of innovation in the business of sports. -
BA MSS 17 NY Yankees Financial Records
Collection Number BA MSS 17 Title American League Base Ball Club of New York Records Inclusive Dates 1913-1950 Abstract Records of the American League Base Ball Club of New York and its minor league affiliates, consists almost exclusively of business and financial records, some of which date back to the earliest days of the Yankees organization. This unique collection provides information about the business and financial practices of a highly successful professional sports organization over a period of almost forty years. The collection consists of bound volumes including ledgers, cash books, trial balances, insurance policies, contract record books, contract record file cards, vouchers and invoices, journals, and other business records. The teams with the strongest coverage in the collection are the New York Yankees, Newark Bears, and Norfolk Tars. The collection also includes Yankee Stadium diaries from 1936, 1938, and 1940, which document fan injuries, ejections, and arrests at the stadium. Among the topics covered in the collection are: player salaries, including major players such as Babe Ruth, Lou Gehrig, and Joe DiMaggio; player transactions, including payments on the purchase of Babe Ruth’s contract from the Boston Red Sox in 1919; gate receipts, both home and away; general business practices; advertising and promotions; concessions; scouting expenses; and travel expenses. Also of interest in the collection is a small amount of material on the Negro Leagues. The Kansas City, Newark, New York, and Norfolk series have documentation on the use of ballparks for the play of Negro Leagues games, including dates, team names, and rent paid. Provenance Donated by the American League Base Ball Club of New York in 1955 and 1970. -
Go-Go to Glory
Durable Lollar found niche as White Sox anchor, run-producer By John McMurray Soft spoken and self-effacing, Sherman Lollar provided a strong defensive presence be-hind the plate during his 12 seasons with the Chicago White Sox. An All-Star catcher in seven seasons of his 18-year major-league career, Lollar won the first three American League Gold Glove awards from 1957 through 1959. Although he was not known as a power hitter, Lollar hit 155 career home runs and collected 1,415 hits. He also produced one of the White Sox’ few bright moments in the 1959 World Series apart from their Game One victory, a two-out, three-run homer that tied Game Four in the seventh inning. (Unfortunately the Sox lost that game, 5-4.) Even though Lollar played well and received awards during the 1950s, he did not receive as much national recognition as fellow catcher Yogi Berra, who won three Most Valuable Player awards. As Red Gleason wrote in The Saturday Evening Post in 1957, “It is the fate of some illustrious men to spend a career in the shadow of a contemporary. Adlai Stevenson had his Dwight Eisenhower. Lou Gehrig had his Babe Ruth. Bob Hope had his Bing Crosby. And Sherman Lollar has his Yogi Berra.” John Sherman Lollar Jr. was born on August 23, 1924, in Durham, Arkansas. His father, John Sherman Lollar Sr., had been a semipro baseball player and was a veteran of World War I. When Lollar Jr. was three years old, he moved with his family to Fayetteville, Arkansas, where his parents opened a grocery store. -
Dodgers and Giants Move to the West: Causes and Effects an Honors Thesis (HONRS 499) by Nick Tabacca Dr. Tony Edmonds Ball State
Dodgers and Giants Move to the West: Causes and Effects An Honors Thesis (HONRS 499) By Nick Tabacca Dr. Tony Edmonds Ball State University Muncie, Indiana May 2004 May 8, 2004 Abstract The history of baseball in the United States during the twentieth century in many ways mirrors the history of our nation in general. When the Brooklyn Dodgers and New York Giants left New York for California in 1957, it had very interesting repercussions for New York. The vacancy left by these two storied baseball franchises only spurred on the reason why they left. Urban decay and an exodus of middle class baseball fans from the city, along with the increasing popularity of television, were the underlying causes of the Giants' and Dodgers' departure. In the end, especially in the case of Brooklyn, which was very attached to its team, these processes of urban decay and exodus were only sped up when professional baseball was no longer a uniting force in a very diverse area. New York's urban demographic could no longer support three baseball teams, and California was an excellent option for the Dodger and Giant owners. It offered large cities that were hungry for major league baseball, so hungry that they would meet the requirements that Giants' and Dodgers' owners Horace Stoneham and Walter O'Malley had asked for in New York. These included condemnation of land for new stadium sites and some city government subsidization for the Giants in actually building the stadium. Overall, this research shows the very real impact that sports has on its city and the impact a city has on its sports. -
The Steam Roller
THE COFFIN CORNER: Vol. 2, No. 3 (1980) THE STEAM ROLLER by John Hogrogian The state of Rhode Island sits squarely in the shadow of Boston as far as major-league professional sports is concerned. Ocean State residents generally take a rooting interest in the Red Sox, Patriots, Celtics, and Bruins. But more than half a century ago, in 1928, Rhode Island had its own National Football League champions, the Providence Steam Roller. The story of that team is the story of an era of professional football much different from that of today. In the Roaring Twenties, the American public found a host of popular heroes in its sporting greats. Standing with Charles Lindbergh on the pedestal of unalloyed admiration were such men as baseball player Babe Ruth, boxer Jack Dempsey, and tennis player Bill Tilden. College football players also shared in this adulation, with Red Grange of Illinois, Ernie Nevers of Stanford, and the Four Horsemen of Notre Dame national figures because of their gridiron exploits. College football was an immensely popular spectator sport, with teams such as Notre Dame, Stanford, Yale, and Dartmouth drawing huge followings both in person and through the newspapers and newsreels. Professional football, in stark contrast, was struggling to survive, a neglected stepchild in the sports boom. The National Football League was entering only its ninth season in the fall of 1928, and instead of roaring crowds in huge metropolitan stadia, small, intimate audiences in mostly smaller fields viewed the league's contests. Pro football held the same place in 1928 that pro track and field holds today, a fledgling professional sport living in the shadow of a popular collegiate version. -
Class 2 - the 2004 Red Sox - Agenda
The 2004 Red Sox Class 2 - The 2004 Red Sox - Agenda 1. The Red Sox 1902- 2000 2. The Fans, the Feud, the Curse 3. 2001 - The New Ownership 4. 2004 American League Championship Series (ALCS) 5. The 2004 World Series The Boston Red Sox Winning Percentage By Decade 1901-1910 11-20 21-30 31-40 41-50 .522 .572 .375 .483 .563 1951-1960 61-70 71-80 81-90 91-00 .510 .486 .528 .553 .521 2001-10 11-17 Total .594 .549 .521 Red Sox Title Flags by Decades 1901-1910 11-20 21-30 31-40 41-50 1 WS/2 Pnt 4 WS/4 Pnt 0 0 1 Pnt 1951-1960 61-70 71-80 81-90 91-00 0 1 Pnt 1 Pnt 1 Pnt/1 Div 1 Div 2001-10 11-17 Total 2 WS/2 Pnt 1 WS/1 Pnt/2 Div 8 WS/13 Pnt/4 Div The Most Successful Team in Baseball 1903-1919 • Five World Series Champions (1903/12/15/16/18) • One Pennant in 04 (but the NL refused to play Cy Young Joe Wood them in the WS) • Very good attendance Babe Ruth • A state of the art Tris stadium Speaker Harry Hooper Harry Frazee Red Sox Owner - Nov 1916 – July 1923 • Frazee was an ambitious Theater owner, Promoter, and Producer • Bought the Sox/Fenway for $1M in 1916 • The deal was not vetted with AL Commissioner Ban Johnson • Led to a split among AL Owners Fenway Park – 1912 – Inaugural Season Ban Johnson Charles Comiskey Jacob Ruppert Harry Frazee American Chicago NY Yankees Boston League White Sox Owner Red Sox Commissioner Owner Owner The Ruth Trade Sold to the Yankees Dec 1919 • Ruth no longer wanted to pitch • Was a problem player – drinking / leave the team • Ruth was holding out to double his salary • Frazee had a cash flow crunch between his businesses • He needed to pay the mortgage on Fenway Park • Frazee had two trade options: • White Sox – Joe Jackson and $60K • Yankees - $100K with a $300K second mortgage Frazee’s Fire Sale of the Red Sox 1919-1923 • Sells 8 players (all starters, and 3 HOF) to Yankees for over $450K • The Yankees created a dynasty from the trading relationship • Trades/sells his entire starting team within 3 years. -
National Football League Franchise Transactions
THE COFFIN CORNER: Vol. 4 (1982) The following article was originally published in PFRA's 1982 Annual and has long been out of print. Because of numerous requests, we reprint it here. Some small changes in wording have been made to reflect new information discovered since this article's original publication. NATIONAL FOOTBALL LEAGUE FRANCHISE TRANSACTIONS By Joe Horrigan The following is a chronological presentation of the franchise transactions of the National Football League from 1920 until 1949. The study begins with the first league organizational meeting held on August 20, 1920 and ends at the January 21, 1949 league meeting. The purpose of the study is to present the date when each N.F.L. franchise was granted, the various transactions that took place during its membership years, and the date at which it was no longer considered a league member. The study is presented in a yearly format with three sections for each year. The sections are: the Franchise and Team lists section, the Transaction Date section, and the Transaction Notes section. The Franchise and Team lists section lists the franchises and teams that were at some point during that year operating as league members. A comparison of the two lists will show that not all N.F.L. franchises fielded N.F.L. teams at all times. The Transaction Dates section provides the appropriate date at which a franchise transaction took place. Only those transactions that can be date-verified will be listed in this section. An asterisk preceding a franchise name in the Franchise list refers the reader to the Transaction Dates section for the appropriate information. -
Lawrence Peter Berra Was Born on May 12, 1925. He Played Major League Baseball for 19 Years for the New York Yankees. He Played
Lawrence Peter Berra was born on May 12, 1925. He played Major League Baseball for 19 years for the New York Yankees. He played on 10 World Series Championship teams, is a MLB Hall of Famer and has some awe-inspiring stats. His name is consistently brought up as one of the best catchers in baseball history, and he was voted to the Team of the Century in 1999. Amazing accomplishments aside, they probably aren't how you know Lawrence. You know him as Yogi, a nickname given to him by a friend who likened his cross-legged sitting to a yogi. Yogi is famous for his fractured English, and sometimes nonsensical quotes, but there seems to be no end to his fan's love for him. Here are 25 Yogi Berra quotes that will make you shake your head and smile. 1. "It's like deja vu all over again." 2. "We made too many wrong mistakes." 3. "You can observe a lot just by watching." 4. "A nickel ain't worth a dime anymore." 5. "He hits from both sides of the plate. He's amphibious." 6. "If the world was perfect, it wouldn't be." 7. "If you don't know where you're going, you might end up some place else." 8. Responding to a question about remarks attributed to him that he did not think were his: "I really didn't say everything I said." 9. "The future ain't what it used to be." 10. "I think Little League is wonderful. It keeps the kids out of the house." 11. -
Ninth Annual Gala and Science Fair
THE NEW YORK STEM CELL FOUNDATION RESEARCH INSTITUTE NINTH ANNUAL GALA AND SCIENCE FAIR SILENT AUCTION CATALOG FEATURING SCIENCE FAIR MAP WELCOME TO THE NYSCF RESEARCH INSTITUTE NINTH ANNUAL GALA AND SCIENCE FAIR Personalized Medicine & Cancer Parkinson’s Disease & Multiple Sclerosis Silent Alzheimer’s & Auction Mental Health Disorders, ALS Heart & Bone Diabetes, Regeneration Mitochondrial & Rare Diseases Bar NYSCF Research Institute ART 100 Michael Craig-Martin, Love/Glove (2011) Take home this six-color screen print, Love/Glove, by British contemporary artist and painter Michael Craig-Martin, hailed as “Godfather of the Young British Artists (YBAs)” and “a kingpin of conceptual art.” Craig-Martin is represented by Gagosian Gallery, which works with many of the world’s most celebrated artists. Of Love/Glove, part of his ‘rhyme paintings’ series, Craig- Martin noted, “The conjunction of ‘Love’ and ‘Glove’ has very strange implications... one doesn’t quite know what they are, there’s room for some interpretative manoeuvres. And that speculative manoeuvring is one of the best things about any work of art.” The print is signed and dated by the artist. Measurements: 29 1/4 x 26 inches Donated by Gagosian Gallery Value: $1,080 101 Ellsworth Kelly, Purple (2001) Ellsworth Kelly, who recently marked his 91st birthday, is one of the most celebrated artists globally, with works featured in the collections of major museums around the world. Kelly is known for his individual approach to painting and sculpting, and also his powerful, often monochromatic canvases and prints, which distill both color and shape to their very essence. This lithograph, printed at Gemini G.E.L. -
Fact Or Fiction? Name: Below Is a Biography On
Fact or Fiction? Name: _________________________ Below is a biography on Amelia Earhart. On the following page is a chart with ten statements. Indicate whether each statement is fact or fiction. Bad Behavior George Herman "Babe Ruth" was born February 6, 1895, in Baltimore, Maryland. His parents owned a saloon near the current site of Camden Yards in Baltimore. They were of German descent and taught him to speak German fluently. George was actually somewhat of a petty criminal as a young boy. By age seven he was already involved in drinking alcohol and chewing tobacco. Because he was too difficult for his parents to control, George was sent away to a catholic school. It was here, where Brother Matthias taught him baseball. As a teenager, George became the team's catcher and then pitcher. Unusual Talent At the age of 19 Jack Dunn, a scout for the Orioles discovered George's baseball talents. He was promptly signed to pitch for the Orioles. After performing well as a pitcher and a batter for the Orioles during spring training, George made the team. Because he was such a young talent, he earned the nickname "Babe". On April 22, 1914, Babe pitched a shutout against the Buffalo Bisons in his Major-League debut. Because the Orioles were in poor financial shape, Jack Dunn was forced to sell off his best players. Babe was sold to the Boston Red Sox in 1914 for an amount between $20,000 and $35,000. Called up to the Majors After pitching for the Red Sox minor league club in Providence, Rhode Island, Babe was called up to the majors permanently toward the end of the 1914 baseball season. -
Remarks Honoring the 2009 World Series Champion New York Yankees April 26, 2010
Apr. 25 / Administration of Barack Obama, 2010 a stable and prosperous world. We are con- and effectively deal with the challenges of the vinced that, acting in the “spirit of the Elbe” new millennium. on an equitable and constructive basis, we can successfully tackle any tasks facing our nations NOTE: An original was not available for verifi- cation of the content of this joint statement. Remarks Honoring the 2009 World Series Champion New York Yankees April 26, 2010 Hello, everybody. Everybody have a seat, Sox fan like me, it’s painful to watch Mariano’s please. cutter when it’s against my team or to see the Yankees wrap up the pennant while the Sox [At this point, the President exchanged greet- are struggling on the South Side. Although, I ings with Yankees manager Joseph E. Girardi. do remember 2005, people, so—[laugh- He then continued his remarks as follows.] ter]—don’t get too comfortable. [Laughter] But for the millions of Yankees fans in New Hello, everybody, and welcome to the York and around the world who bleed blue, White House. And congratulations on being nothing beats that Yankee tradition: 27 World World Series champions. Series titles; 48 Hall of Famers—a couple, I As you can see, we’ve got a few Yankees expect, standing behind me right now. From fans here in the White House—[laugh- Ruth to Gehrig, Mantle to DiMaggio, it’s hard ter]—who are pretty excited about your visit. I to imagine baseball without the long line of want to actually start by recognizing Secretary legends who’ve worn the pinstripes. -
The Pinstriped Guide to Yankee Stadium Your Insider Reference to the Heartbeat, Arteries and Veins of Baseball’S Most Celebrated Venue
The Pinstriped Guide to Yankee Stadium Your insider reference to the heartbeat, arteries and veins of baseball’s most celebrated venue t took years of planning and construction, but interest and other information to guide you around the chise’s illustrious history. From the limestone exterior to the we can finally write these four words: Welcome to Stadium. Hopefully, you’ve arrived early enough to do frieze that adorns the roof, Yankee Stadium is a portrait of IYankee Stadium. some exploring. beauty and a living museum. The Yankees are proud to have you at their beautiful new There are enough options to keep you busy long past game Don’t take our word for it, though. Get out there and walk palace of baseball. If you’re reading this, you’ve undoubtedly time. Every fan will surely find his or her own favorite spots, around, take in the sights and sounds and smells of our new found your way inside the grand structure and taken a few min- but there are a few must-see items that should be on everyone’s home. Then settle into your seat, place your drink in the utes to soak it all in. list. cupholder and get ready to cheer the Yankees into a new era. The question is … now what? Monument Park is looking better than ever, while the New And if you get lost, just visit one of the four Guest Services That’s where the 2009 New York Yankees Official Yearbook York Yankees Museum is sure to be a hit. Dining options, in- Booths — in the Great Hall across from the Hard Rock Cafe; on comes in.