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Loria's deal should shed light on publicly funded sports stadiums

Loria's deal should shed light on publicly funded sports stadiums

Sports Commentary

November 18th, 2012 in News

Miami Marlins owner Jeffrey Loria made headlines, several million dollars and more than a few enemies last week when he blew up his team's roster by trading away essentially everything but the team's equipment manager.

And, oh yeah, he gets to keep his brand-new stadium built mostly with tax dollars.

Loria spent last offseason luring in all-star talent in an effort to bring a contending team to the new stadium (including an attempt at Albert Pujols). By the middle of the season it was evident the Marlins weren't going to compete. What continued was a few months of purging.

The Marlins payroll for 2012 was slightly more than $111 million. That was good for the eighth-highest in baseball, one spot ahead of the Cardinals. By trading Jose Reyes, Josh Johnson and Mark Buehrle (among others), the Marlins now have a payroll of $25 million.

Even before Loria dumped his team, the stadium deal was filled with controversy.