Government Follies Post #3

One thing that's all over the news here in the NYC area is a referendum before the Nassau County taxpayers to fund a new arena to replace the old Nassau Coliseum. The owner of the NHL's Islanders, Charles Wang, has said he will move or sell the team if Nassau County doesn't provide his team a new stadium.

It seems like every professional sports team pulls this stunt, or tries to, at some point. Why do these multimillionaires think the public is supposed to build them a place of business? Do you ever hear of Walmart threatening to relocate one of their stores because the local government won't provide a new building for their business? If Charles Wang wants a new stadium, he should build one. Period.

Bernazard Must Go!

I said in another post, back when Willie Randolph was fired, that Tony Bernazard should be next. That his successful efforts to undermine Randolph's authority as manager demonstrated that he had no idea how to conduct team business in a professional manner. But now reports that he ripped off his shirt and challenged members of the Mets' Double-A affiliate in Binghamton to a fight should be the last straw. (See story)

The Mets are doing a good enough job of being the butt of jokes that they don't need team execs adding fuel to the fire. The man has gotten way too much benefit from all the doubt. Fire him, Omar, or whoever his boss is. (Which is another confusing point with the Mets' organization: Bernazard is a VP and the general manager is his boss?)

With the farm teams doing as badly as the Mets, or even worse, it's understandable that Bernazard would be frustrated or even angry. But still there are lines that should not be crossed, and Bernazard stomped all over the line before jumping over it. Get rid of him!

Naming Rights vs. Bailout

I see that I'm not the only one who thinks it's wrong that Citibank and others can give out tens or even hundreds of millions of dollars to sports arenas for naming rights, then turn around and beg the federal government for bailout money. As far as I can tell, the furor seems to be contained to the New York area, since Citibank has agreed to pay the NY Mets $400 million over twenty years for the naming rights for the Mets' new stadium, set to begin use this year. But I wouldn't be surprised if it goes farther than that. This bears some research...

Mets' chief operating officer Jeff Wilpon says Citibank is right in continuing to pay the money. Of course he says that, he and his team are getting those millions. But I can't help thinking that his perspective is corrupted by the estimated half-billion dollars that the Mets' parent company, Sterling Equities, is rumored to have lost in the Bernie Madoff scandal.

It looks to me like the Feds are paying Citibank to replace what the Mets lost to Madoff. Pretty good deal, if you can arrange it...