Russakoff Rules
Gold Standard, Tin Cup
By Lee Russakoff
Tue, 25 Nov 2008 17:29:59 GMT
Since everyone is piling on Andy Reid, Donovan McNabb, and the Eagles these days (myself included), maybe it's time to tear into Jeffrey Lurie a little bit.The man who gave us "The Gold Standard" apparently doesn't have enough money to pay his debts. Or, he just figures he needs $8 million more than the city of Philadelphia does.
The Philadelphia Inquirer is reporting that the Eagles have owed the city $8 million since 2001, and are refusing to pay.
According to the Inquirer, the city helped out the Eagles by building sky boxes in the Vet. The city agreed to let the Eagles keep all of the revenue for 15 years, but after that, both entities were supposed to split the money earned from the luxury seating.
That money, $8 million, should have come in 2001. It's seven years later, and the city has yet to see a dime. The city sued the team in 2004 for more than $10 million, including back payments and interest.With the city of Philadelphia running a record deficit, this is an outrage. You can't blame the Eagles for Philly's problems, but you can blame them for welching on a deal that was enormously profitable for the organization.
The Birds (current value, according to Forbes: $1 billion) maintain that the city caused a canceled exhibition game that led to losses for the team. They apparently feel that the city owes them money, and have countersued. So now that it's in the courts, there's no great hurry to settle up. Let the court costs mount up and sooner or later, they probably figure, the city will cry uncle and walk away.
At a time when Philadelphians across the region are losing their jobs, and the city is closing libraries and other public works programs because of a severe financial shortfall, the 5-5-1 Eagles are making more money than the Philly mint.
Playing hardball with a city that has given the Eagles organization tax break after tax break takes some brass...but denying the city money at a time when it is struggling to stay above water--that's more pathetic than the product the Eagles are putting on the field.
Mr. Lurie, this city has supported your team at every turn and will continue to do so despite the mucky future that lies ahead. It's time you return the "favor" and pay Philadelphia the money it is owed.
Do the Eagles owe anything to Philadelphia? What do you think of the dispute between the city and the team? Sound off here.
Message Edited by Lee_Russakoff on 11-25-2008 01:08 PM










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What does a canceled exhibition game have to do with a previous financial agreement dealing with Sky Boxes?Another smoke a mirror game from a team that does not seem to have a front office that can do anything right.
Tue, 25 Nov 2008 18:40:07 GMT | questionman
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Philadelphia should take a hike, they charge so much money for parking, drink taxes in the city and at the game, any events for that matter. They should manage their money better, if I were the owners of the Eagles I would not give the city one red cent. Why I think they should go after the Phillies for some money They are the ones who probably owe even more, but that gets brushed under the table, because the owners or some of them are from this area.Tue, 25 Nov 2008 18:40:17 GMT | stinky5
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The Eagles should pay. Maybe they fear that Lurie will take his team to LA. At this point who cares; give us an expansion team. At least there will be an excuse for the dismal performance. Why does it seem that the "Star of David" owners we've had refuse to spend money on producing a winner. It's because they know that the stupid fans will come out regardless of the quality of the product.Tue, 25 Nov 2008 18:48:39 GMT | bighose
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Pay up!! Also bring back "Fredex"! If you are going to be a mediocre team, at least do it with some swagger!!Tue, 25 Nov 2008 19:03:13 GMT | Fandamonium
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Correct me if I'm wrong, but this is the same ownership group that just before the first regular season game of their tenure forced players to renegotiate contracts in the locker room or else they would be cut. I read stories about players signing these 'new' contracts with tears in their eyes. Yes, the players make more than they should for just a 'game', but that had to be the most underhanded tactic I ever heard done by an owner. I just wish the players had called their bluff....Message Edited by GoodKolbeMan on 11-25-2008 02:12 PM
Message Edited by GoodKolbeMan on 11-25-2008 02:13 PM
Tue, 25 Nov 2008 19:07:19 GMT | GoodKolbeMan
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It's easy why they won't pay, Can you say Ed Rendell?Tue, 25 Nov 2008 19:09:42 GMT | 131
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Yes, that's right....it's because he's Jewish that the Eagles won't pay. Are you seriously suggesting that? You're a **bleep**. Keep those kinds of comments to yourself and your antisemetic friends.Tue, 25 Nov 2008 19:17:44 GMT | biggerhose
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Man everyone who posted so far has a valid point. Greed (on all sides) is in the middle of this... as well as power. Lurie makes free for all streams of revenue from the stadium deals he made with all that corporate sponsorship... the city is "eating" good too off of this team with with tax dollars from every dollar of revenue earned. Do they want to see their $1bil franchise whisked away if this dumbness plays out? The city will end up eating it like they are eating it from all of the other deadbeat property owners not paying taxes.Tue, 25 Nov 2008 19:21:37 GMT | stickyboul
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You ignorant antiSemitic **bleep**. If by "we" you mean Philadelphia sports team owners, the last championship "we" have had since the 2008 Phillies was the Sixers in 1983, and they were owned by a jew who paid huge money to bring in Moses Molone, and they won it all.Tue, 25 Nov 2008 19:26:41 GMT | CharlieO
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Jewish people make very good businessmen. remember the law firm "Dewey, Screwem and Howe"?It's not about winning ,or glory, or the team.....It's about the almighty dollar! Rock on Jeffrie! Laugh your way to the bank. Wake up fanbase, he has over 65,000 in waiting, for a chance at season tix.
Tue, 25 Nov 2008 19:30:16 GMT | sec123
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big hose, why are you bringing the hebrews into the equation? you remember lenard tose? he spent a fourtune on the eagles, and a classier owner would be hard to come by, leave the anti semetic chit by the door idiot. by the way i'm irish just incase you think i have a dog in the huntTue, 25 Nov 2008 19:33:20 GMT | webuppp
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This is the same group that still has not paid numerous subcontractors that worked on the Link.Lurie went to the "Donald" school of business.
Tue, 25 Nov 2008 19:35:08 GMT | sportsfan49
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Lurie, Banner, Reid and McNabb...bye-bye! Luurie and his cohort's religion is not what's at question here. Why is it that some knumbskull makes a racist comment ,because that's all their pea brains can ever see, and the whole thread becomes about the wrong message! The message here is simply this: Banner and Reid must GO!!! Banner's "the future at all costs" mentality without ever committing to the NOW combined with Reid's "I'm smarter than you all" stubborness is what has the team in this sorry state. Hire a REAL GM Jeffrey, a coach who understands that you can RUN THE FRIGGIN" ball AND pass it TOO, pick up a receiver who isn't an arena leauge reject and I think even McNabb would be able to remain. Otherwise we've got three more years of the same crap...time's yours, Jeff.Tue, 25 Nov 2008 20:10:35 GMT | urteamsux
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Bottom line in all of this is if the poor guy who spends a huge portion of his yearly salary on tickets to the Eagles,whether they stick or not, also paid a portion to build those sjy boxes and deserves to have the contract that Lurie signed with the city upheld. Who among them would get away with not paying good old Jeffrey for their tickets when the team loses??Tue, 25 Nov 2008 20:12:30 GMT | thetruthhurtz
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This should not surprise anyone. The stadiium deals that the owners and the city leader "sell" to citizens never work out on paper. A city will never financially recover the funds spent to build stadium.
The deals that are made between the state/local gov'ts and the team owners never pay off for the citizens. By the time the stadium deals start to benefit the citizens, the owners start demanding a new stadium/arena.
http://www.cato.org/pubs/regulation/regv23n2/coates.pdf
Message Edited by MDMan on 11-25-2008 03:22 PM
Tue, 25 Nov 2008 20:14:17 GMT | MDMan
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If it were you. You could not take a hike! you would be in court paying it. Don't feel bad for the Eagles with the money they take in every week. They could pay off that 10 times over.Tue, 25 Nov 2008 20:19:36 GMT | Ramrods
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Absolutely. The game they are speaking of was with Baltimore and since it was a pre-season game that had to be purchased with the season tickets I doubt whether the money was even refundable. Plus, the cancelled game was since 2001 - and so the Eagles should already have paid before that event. And I don;t think pre-season game tickets should average $119/per, which is what the $8,000,000 would be worth per each of 67,500 seats.Jeffrey Lurie is just another NFL/Pro Sports Owner that believes the public owes him something. The City already allowed them to keep all the revenue from those boxes for 15 years! it's just like Pat Burrell turning down the Phillies $11M a season offer for the next two years. More than 10,000,000 have no jobs and more will shortly have no jobs - but $11,000,000 is not enough to play 162 chaild games next year.
We need to bring pro sports down to a level that is analagous with the economics of the ghard working people who foot the bills.
Tue, 25 Nov 2008 20:21:33 GMT | sheridan
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And the respondents are correct, the race or religion of the Owner and his team has no place in this discussion. Arrogant, self-centered people come in all colors and creeds.Tue, 25 Nov 2008 20:23:21 GMT | sheridan
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What does being Jewish have to do with owing the city money. Lurie at least did build a winner, even though he never won a championship. Ed Snider and Harold Katz are Jewish, and they spent money and won. Let the courts decide. It just goes to show that no matter what there are still plenty of anti semitic, bigoted aholes out there.Tue, 25 Nov 2008 20:30:37 GMT | marc56