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Cubs to advertise new look
behind plate
By Paul Sullivan
Tribune staff reporter
November 23, 2004, 9:38 PM CST
The Cubs expect to get approval
from the city's Landmarks Commission to install a permanent
rotating advertising board behind home plate at Wrigley Field
and will have it in place for Opening Day.
The decision to add the 10-by-3-foot
sign will alter the look of Cubs telecasts significantly while
giving the organization added revenue that could be used to
improve the team.
The Cubs experimented with a
removable ad board at Wrigley the last two seasons on national
telecasts during the regular season and in the 2003 playoffs.
"You'd like in a perfect
world [to] walk into a pristine ballpark," John McDonough,
the Cubs' vice president of marketing and broadcasting, said
Tuesday. "Unfortunately, that's not reality. But the
money generated from that is going to the payroll, and it's
going to be deployed, as it has been, extremely well with
what (general manager) Jim Hendry has done with the additional
budget he has."
McDonough said he anticipates
approval from the Landmarks Commission. The ad board is expected
to bring in between $3 million and $5 million per year. With
an average increase of 17 percent for Cubs tickets in 2005,
plus the additional revenue from the rooftops and the rotating
sign, the Cubs could significantly increase payroll next year
from the $87 million with which they began 2004.
The Cubs currently have 16 players
that are either signed or arbitration-eligible whose combined
salaries in 2005 will be $75 million to $80 million. Hendry
still should have some room to maneuver this off-season, particularly
if he deals Sammy Sosa and his $17 million salary.
Copyright © 2004, The Chicago
Tribune
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