Word: strongly
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...field. Because of worries about the U.S. economy, the NBA is eliminating about 80 jobs, or 9% of the league's workforce, and it shuttered its Los Angeles office. Commissioner David Stern has predicted a "modest" decline in season-ticket sales, though sales in some markets, like Houston, are strong. "I will say that corporate sponsors are a bit later than usual coming to the party," says Houston Rockets CEO Tad Brown. "That's the one area where we've had to be more attentive and where we've seen delays in funding...
...luxury boxes for the team's new stadium, which are priced between $250,000 and $500,000, have already sold out. That's an impressive achievement, given the bad economy and the team's second straight horrific collapse down the stretch. The New York Yankees have also reported strong luxury-box sales for their new stadium. On Oct. 19, the first day of a public auction for personal-seat licenses that give you a right to buy season-ticket packages for future games, the Jets exceeded their benchmark target of $25,000 for the premier seats in their new stadium...
...strong revenue growth that baseball, football and basketball have enjoyed throughout the decade is clearly in jeopardy. After baseball crowns either the Phillies or the Tampa Bay Rays as world champions this month, its offseason will test the resilience of the sports economy. Will ticket purchases for 2009 drop? And will free agents command the same salaries? Legends like Los Angeles Dodgers outfielder Manny Ramirez, the prime catch in the free-agent market, will always break the bank. But don't expect those left-handed middle relievers to score the same ludicrous contracts as in recent years. "Player salaries...
...were getting phone calls from people from Washington, and I think there were some on our staff who were thinking that maybe we should interject and respond in some way. My strong feeling was that this situation was of such seriousness that it was important not to chase the cameras ... One of the benefits of running this 22-month gauntlet is that you have been through some ups and you have been through some downs. And you start realizing that what seems important or clever or in need of some dramatic moment a lot of times just needs reflection...
...over huge swathes of the country and launching ever more deadly strikes in its cities, including a Sept. 20 truck bombing that killed more than 50 people at Islamabad's Marriott Hotel. U.S. Army General David McKiernan, the top U.S. commander in Afghanistan, believes the militants are now so strong that they pose an "existential threat to the future of Pakistan." Admiral Mike Mullen, chairman of the Joint Chiefs of Staff told reporters at the Pentagon on September 26 that the terrorist safe haven in Pakistan "has gotten safer this year. The insurgency has gotten more sophisticated...