Category Archives: Lease & Contracts

Edinburg Stadium Ownership Tranfer Next Month

Edinburg Roadrunners LogoA deal to transfer ownership of Edinburg Stadium from the city to the University of Texas System for use by the UT-Pan American — and, starting in 2016, the UT-Rio Grande Valley — baseball team, is expected to be finalized next month.  The city spent about $225,000 per year since 2000 to operate and maintain the 4,000-seat stadium.  The ballpark is the former home of the indy pro Edinburg Roadrunners (United League).  Under the new UT regime, don’t expect pro ball to return to the ballpark.  Read more here.

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Red Wings, Twins Extend PDC

Rochester Red Wings New Primary LogoMinnesota Twins LogoPRESS RELEASE – The Rochester Red Wings and Minnesota Twins have announced a two-year extension of their Player Development Contract, maintaining the two clubs’ affiliation through at least the 2016 season. The announcement was made by Twins Executive Vice President and General Manager Terry Ryan, Red Continue reading

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Newark Looks for New Tenant, Bears Former Owner Looks to New Fall League Venture

Newark Bears LogoWith the indy pro Newark Bears (Can-Am League) now just a memory, the city of Newark and Essex County, both on the hook for more than $2 million in annual debt obligations on Riverfront Stadium until 2029, continue to scramble to find a new tenant.  Meanwhile, former Bears owner Doug Spiel says he plans to join three friends in launching a four-team fall league for rookie-level players in Arizona next September.  Read more here.

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Filed under League & Franchise, Lease & Contracts, Money & Financials, Stadium Issues

Legends, Royals Extend PDC

Lexington Legends New LogoKansas City Royals LogoPRESS RELEASE – The Lexington Legends and their major league parent club, the Kansas City Royals, have agreed to a two-year extension of their player development contract. The new contract will run through the 2018 season. The Legends became the Royals’ class A affiliate when a four-year agreement for 2013 through 2016 was Continue reading

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BlueClaws, Phillies Extend PDC

Lakewood BlueClaws Alternative LogoPhiladelphia Phillies LogoPRESS RELEASE – The BlueClaws and Philadelphia Phillies are pleased two announce an extension of their Player Development Contract (PDC). Continue reading

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Rock Cats Avert Eviction, Pay Tax Bill

New Britain Rock Cats LogoJosh Solomon, owner of the Double-A New Britain Rock Cats (Eastern League), showed up at city hall Wednesday afternoon with a check for $164,569, paying off the tax bill on New Britain Stadium and keeping the team’s lease valid.  Read more here.

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Chiefs, Cardinals Renew PDC

Peoria Chiefs LogoSt. Louis Cardinals LogoPRESS RELEASE – The Peoria Chiefs and St. Louis Cardinals have announced the signing of a four-year extension of the player development contract (PDC) that will run through the 2020 season. Continue reading

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