Word: contractive
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Baseball faces the same problems that have tormented most professional team sports in recent years: surging players' salaries, contract hassles, shaky finances, sudden ownership changes and heightened economic competition between clubs and leagues. Only about seven of the 21 teams in the National Hockey League are making money. The National Basketball Association has bounced back from its huge losses of the early 1980s, but eight of the league's 23 teams are still in the red. Even the mighty National Football League has been under a bit of pressure from its pesky new competitor, the United States Football League. Concludes...
...players will make $1 million or more this year. Mike Schmidt, the Philadelphia Phillies' slugging first baseman, tops the list with $2.13 million. Salaries in other sports are also reaching the stratosphere. Doug Flutie, the quarterback for the New Jersey Generals of the U.S.F.L., has a five-year contract reported to be worth $7 million. Basketball experts expect that the New York Knicks will pay Center Patrick Ewing, this year's No.1 draft choice in the N.B.A., at least $1.2 million a year...
...whom she played first on the Carol Burnett Show and later on her own sitcom Mama's Family, in a series of light but straight-talking television commercials on themes such as union organizing, foreign takeovers and brand boycotts. Lawrence, a Reagan Republican, signed a one-year, $150,000 contract with the anti-Reagan union. "This is not Democratic or Republican," says Lawrence. "It's American...
...site was originally expected to be made in April, but the suspense has dragged on maddeningly as GM considered more than 100 locations. Last week the company cleared away the last obstacle to a decision when it reached an agreement with the United Auto Workers on an innovative labor contract for the Saturn plant's employees. As a result, GM will announce this week the location of what will be, in the words of one company official, "the largest manufacturing complex that anyone has ever built anywhere at one time...
...union's leadership recognized, however, that GM needed something like the proposed contract to compete against a host of Japanese invaders. In addition to Nissan's Tennessee factory, a Honda auto plant is already operating in Marysville, Ohio. Mazda intends to build a factory in Michigan by 1987, and last week Toyota announced that it too would set up a U.S. plant within three years...