Sunday, January 17, 2016

It's Called a Contract

January 17, 2016

St. Louis spent quite a bit of money ($16.2 million) doing the research and the planning for a replacement stadium to keep Stan Kroenke happy. With his departure, that money seems to have gone down the drain (although no doubt some of the studies can be used to determine the feasibility of other projects).

Since the Rams’ departure leaves St. Louis holding the bag for millions of other dollars invested in the franchise, Sen. Claire McCaskill is drafting a bill to get some of the money back from the team.

As I stated before (“Rank This”, December 13, 2010), I don’t really think that there is a need for the government to get involved in sports matters. There is already a system for making sure that each side operates in good faith, and that penalizes them for reneging on the deal.

It’s called a Contract.

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