| Cashing In On Sports
Another Shot
By Guy Junker
Dwayne Woodruff accomplished one of the most amazing things
I've ever seen. He went to law school while playing for the Steelers.
Law books and playbooks at the same time. Now he's a judge, elected
last month to the Allegheny County Court of Common Pleas. This
guy can tackle a challenge. And he has quite a challenge ahead
of him as part owner of Pittsburgh's new ABA team, the Xplosion.
"I've always loved basketball," says Woodruff, who played at
New Richmond High School outside of Cincinnati. "And it's great
to have a team in my backyard. With the right management and financial
backing, I think it will work."
Financially is where the Xplosion have an advantage over previous
efforts to make pro basketball work here. The Xplosion's main
financial backing comes from brothers Dan and Ozzie Silna. Their
money dates back to the original days of the ABA.
The Silna's owned the Spirits of St. Louis and helped broker
the deal that merged the ABA with the NBA in 1976. But when the
NBA absorbed the Spurs, Nuggets, Nets and Pacers, the Spirits
and Kentucky Colonels were left out. The Silna's bartered a deal
that paid them $2.2 million, but also gave them 1/7 of the TV
revenue of the four teams that merged into the NBA. The deal was
in perpetuity - which means as long as there is an NBA, the Silna's
will be collecting. It could mean as much as $250 to $300 million
from the next NBA TV contract alone.
Money is not an issue. Fan interest is.
Less than 2,000 fans attended their first two home games at
Mellon Arena. Xplosion CEO Richard Hersperger says they "could
have financial success with a decent fan base." His target is
4,500 per game. They play 14 of 18 home games at the Arena with
the other four at the Petersen Events Center - a huge step up
from last year's Pennsylvania Pit Bulls, who played in Penn State
McKeesport's gym.
But the digs come at a cost. The Arena rents for more than $20,000
per game. The Pete costs about half that, and ideally they would
like to make that their home. But Pitt wasn't ready to commit
to a deal.
There are lots of positives in this group, from Woodruff to
GM Freddie Lewis, the McKeesport legend who starred in the original
ABA. The roster includes former NBA players with local roots like
Armon Gilliam and Myron Brown, and a mixture of young talent led
by Josh Murray, whose next stop is probably the NBA.
Pittsburgh's sports past is littered with carcasses of pro basketball
teams like the Wrens, Pipers, Condors, Piranhas and Pit Bulls.
Hersperger says the team will tough out this first year and "will
be back next year no matter what."
Deep pockets versus fan apathy. It will be interesting to see
which wins out. Perpetuity is a long, long time.
Guy Junker co-hosts the "Junker & Crow
Show" from 10 to 1 on ESPN Radio 1250. |