Does anyone have any info at all on the stadium deal. We have about a week to get it done so we can keep Lowell. Even if we dont keep Lowell I am getting a little nervous about the teams future in Miami. No stadium = no team. Any info at all mgiht ease my anxiety. Thanks.
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Re: Marlins stadium...
This article from about a week ago had the most info of any I could find:
The Marlins would prefer to trade Lowell but that would have to happen before Nov. 1, when he becomes eligible for free agency if the team has not yet reached a deal to build a new stadium.
The Marlins are $30 million short of the financing they want for a new ballpark. The four-year contract Lowell signed Dec. 3 will change drastically if the Marlins fail to get that final chunk of money by Nov. 1.
If the stadium financing is completed in the next 17 days — which seems unlikely — Lowell, 30, would be locked into the final three years of the contract.
But if the Marlins fail to reach a ballpark deal by Nov. 1, Lowell would hold a $7.5 million option to return to the Marlins in 2005 or become a free agent. If that happens, the Marlins could trade him at any time next season. The last two years, worth $8 million each to Lowell, would be erased from the contract.Marlins President David Samson said the team would talk to Lowell and his agent by the end of the month. A team source said those talks probably would be during the World Series.
"I've been doing a lot of stadium work trying to get this (stadium deal) done. That to me is the No. 1 issue on the plate,'' Samson said.
Although Samson wouldn't get into the specifics of Lowell's contract, he hinted that the team is optimistic about getting the final $30 million in ballpark money after Nov. 1.
"If we don't have a stadium by Nov. 1,'' he said, "does that mean the Marlins are going to move? I don't think so.''
The Marlins proposed the stadium clause in Lowell's contract last December because they said revenue from a new park would be the only way they could afford to pay Lowell for the life of the four-year deal.
"Without a new stadium, there is no Mike Lowell on the Florida Marlins. There would not be the revenue," Samson said at the time. "We're going to know well before the November deadline whether or not it's a four-year deal." -
Re: Marlins stadium...
This article from about a week ago had the most info of any I could find:
The Marlins would prefer to trade Lowell but that would have to happen before Nov. 1, when he becomes eligible for free agency if the team has not yet reached a deal to build a new stadium.
The Marlins are $30 million short of the financing they want for a new ballpark. The four-year contract Lowell signed Dec. 3 will change drastically if the Marlins fail to get that final chunk of money by Nov. 1.
If the stadium financing is completed in the next 17 days — which seems unlikely — Lowell, 30, would be locked into the final three years of the contract.
But if the Marlins fail to reach a ballpark deal by Nov. 1, Lowell would hold a $7.5 million option to return to the Marlins in 2005 or become a free agent. If that happens, the Marlins could trade him at any time next season. The last two years, worth $8 million each to Lowell, would be erased from the contract.Marlins President David Samson said the team would talk to Lowell and his agent by the end of the month. A team source said those talks probably would be during the World Series.
"I've been doing a lot of stadium work trying to get this (stadium deal) done. That to me is the No. 1 issue on the plate,'' Samson said.
Although Samson wouldn't get into the specifics of Lowell's contract, he hinted that the team is optimistic about getting the final $30 million in ballpark money after Nov. 1.
"If we don't have a stadium by Nov. 1,'' he said, "does that mean the Marlins are going to move? I don't think so.''
The Marlins proposed the stadium clause in Lowell's contract last December because they said revenue from a new park would be the only way they could afford to pay Lowell for the life of the four-year deal.
"Without a new stadium, there is no Mike Lowell on the Florida Marlins. There would not be the revenue," Samson said at the time. "We're going to know well before the November deadline whether or not it's a four-year deal."Comment
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Re: Marlins stadium...
Here's an update with all of this. Apparently a deal has been reached to build a new ballpark on the site of the Orange Bowl. What ticks me off about is that the Miami-Dade voters approved a $50 million bond in 2004 to help with renovations to the OB, which they never did, and the city is now earmarking that bond to go towards the new ballpark deal. All the while U of M football got screwed. They were pushed out of the OB and have to play at Dolphins Stadium. I just think it's wrong.
MLB: Cincinnati Reds
NFL: Cincinnati Bengals
NCAA Hoops: Xavier Musketeers
NCAA Football: Miami Hurricanes
NHL: Calgary Flames
"All that is necessary for the triumph of evil is that good men do nothing." - Edmund Burke
"The wisest men follow their own direction." - EuripidesComment
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Re: Marlins stadium...
I'd rather have Cabrera back.
The team will change their name to "Miami Marlins," so now they just have to move to the American League and the Cubs can beat them in the world series in 2015.Comment
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Re: Marlins stadium...
You'll have an Al team in 2015 and the Cubs will beat you to win the world series. Just watch back to the future 2“Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety.”
Benjamin FranklinComment
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