Word: clevelandism
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...since 1989, when CBS and ESPN paid $1.5 billion for national broadcasting rights. The two broadcasters have lost $500 million on that deal so far, and will likely pay substantially less when they renew the contract this year. About half of the 26 teams, including the Oakland Athletics and Cleveland Indians, lost money in 1991, and more clubs are expected to do so this year. There are even rumors of one or two franchises going bankrupt within the next few years...
...York, Philadelphia, Boston, St. Louis, Detroit, Chicago, Cleveland, Los Angeles -- many of the great American cities have been severely, perhaps fatally, undermined by the loss of jobs and taxpayers. In 1960, per capita income was 5% higher in a sample of the nation's cities than in their suburbs. By 1987, suburban per capita income was 59% larger than in the cities...
Another Larry Making It Big: A quiet, 30-something forward named Larry is playing a key role in the Boston-Cleveland playoff series...
...year-old Nance, a 10-year NBA veteran who played for the Suns before coming to Cleveland in 1988, is shooting 59.7 percent in the series and averaging 22.3 points...
...Nets owners met after the team was eliminated by Cleveland in the opening round of the playoffs and reportedly decided the coaching change was necessary...