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Closing Bell

Thursday 4:00pm ET....Latest News....Setting The Pace

  • MLB's Rob Manfred Promises Pace-Of-Play Changes For '18
  • Lease Could Keep Cavaliers At Quicken Loans Arena Through '44
  • Sources: MLB Rangers Negotiating Extension For GM Jon Daniels
  • Stephen Curry Is First Hoops Player To Partner With MasterClass

Lease Could Keep Cavaliers At Quicken Loans Arena Through '44

The Cavaliers "could play in Quicken Loans Arena" through '44 under "terms of the team's new lease." The Cavaliers' proposed $140M "transformation deal with Cuyahoga County and Cleveland included a provision to extend the current lease by seven years" to '34. But the "new deal also allows for two five-year renewal options." The 134-page lease also includes "details about the upgrades," which will be completed by Dec. 31, 2019, and the additional $92.8M in rent that "will be paid by the team over the next seven years" ( CLEVELAND.com, 11/16 ).

The Starting Five....

The most-read stories today on SportsBusinessDaily.com:

1)  Golic Considered Retiring After "Mike & Mike" Before Being Paired With Wingo, His Son

2)  NFL Owners Accuse Jerry Jones Of Trying To Sabotage Goodell Contract Negotiations

3)  Sternberg Says Rays May Only Be Able To Cover $150M Of New Ballpark Cost

4)  FC K.C. Not Returning To NWSL Next Year, While Salt Lake City Will Get New Club

5)  NFL, Jerry Jones Get "South Park" Treatment In Episode Centered On Attendance Issues

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Quote of the Day
Fear goes both ways. The fear of accumulating deficits has just as big a risk as perhaps the fear of moving forward. I am much more comfortable leaning into this new model than I am staying where we are.
Univ. of Utah President Taylor Randall, on adding private capital into college sports.
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