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Progressive takes field for a price
Indians to gets millions annually for changing name of Jacobs Field
By Sheldon Ocker
Beacon Journal sportswriter
Published on Saturday, Jan 12, 2008
CLEVELAND: Everyone should have such problems.
When Indians president Paul Dolan was asked Friday what the Tribe would do with an extra $57.6 million, the son of owner Larry Dolan couldn't hide the faintest of smiles.
''The money will go into the general fund (as opposed to the C.C. Sabathia fund) to be used for all the things we do,'' he said. ''But No. 1, we want to put a quality team on the field. Obviously, this will help us with our payroll.''
So maybe the effort to keep Sabathia from fleeing the Tribe on the wings of free agency next fall will get a boost, after all.
The Indians will not be receiving the additional cash all at once for agreeing to change the name of Jacobs Field to Progressive Field. Progressive Insurance, which purchased the naming rights and other perks, will hand over to the team an average of $3.6 million for each of the next 16 years, beginning with $3.1 million in 2008.
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