Former Marlins owner to reimburse government $5.5 million

By: The Associated Press Posted:

Advertisement

Advertise with us

MIAMI - Former Miami Marlins owner Jeffrey Loria reached a final lawsuit settlement to reimburse local government $5.5 million for the cost of building Marlins Park, which opened in 2012.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 18/02/2021 (2014 days ago), so information in it may no longer be current.

MIAMI – Former Miami Marlins owner Jeffrey Loria reached a final lawsuit settlement to reimburse local government $5.5 million for the cost of building Marlins Park, which opened in 2012.

The Miami-Dade County commission approved the deal after Loria agreed to a last-minute increase in the amount. A tentative settlement of $4.2 million was reached last month.

The payment stems from the $1.2 billion sale of team by Loria in 2017 to Derek Jeter and his ownership group. Loria bought the Marlins for $158.5 million in 2002.

In 2009, local government agreed to help pay to build Marlins Park in exchange for Loria’s pledge to share profits if he later sold the team. That agreement called for Loria to pay 5% of net proceeds from the sale of the team.

Public money covered more than three-fourths of the $634 million cost for Marlins Park.

The settlement follows months of negotiations. The county will receive $4.8 million, and the city of Miami will receive $700,000 under terms approved Wednesday.

___

More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports

Related Articles

AP source: Taijuan Walker, Mets strike $20M, 2-year deal
FILE - Seattle Mariners starting pitcher Taijuan Walker (99) throws to the Texas Rangers in the first inning of a baseball game in Arlington, Texas, in this Wednesday, Aug. 12, 2020, file photo. The Mets made a late addition to their starting rotation, agreeing to a $20 million, two-year contract with right-hander Taijuan Walker, a person familiar with the negotiations said. The person spoke to The Associated Press on condition of anonymity Friday, Feb. 19, 2021, because the agreement was subject to a successful physical.(AP Photo/Tony Gutierrez, File)
Marlins pitching prospect Cabrera sidelined with arm ailment With Germán back, Boone discusses deleted Instagram post Giants beat Solano in arbitration; Happ, Cubs go to hearing
FILE- In this Sept. 13, 2020, file photo, San Francisco Giants second basemen Donovan Solano catches an infield pop fly by a San Diego Padres batter during a baseball game in San Diego. The Giants defeated Solano in salary arbitration Thursday, Feb. 18, and the infielder will be paid the team’s $3.25 million offer rather than his $3.9 million request. (AP Photo/Derrick Tuskan, File)
Side-arming O'Day joins Yankees thriving on guile, not gas
FILE - Atlanta Braves pitcher Darren O'Day works against the Miami Marlins during a baseball game in Atlanta, in this Monday, Sept. 21, 2020, file photo. The Yankees quickly found a replacement for their bullpen, agreeing to a $2.5 million, one-year contract with submarining right-hander Darren O’Day, a person familiar with the negotiations told The Associated Press on Wednesday, Jan. 27, 2021. (AP Photo/John Amis, File)
Rangers RHP Arihara starts transition to majors from Japan
FILE - In this March 17, 2019, file photo, Nippon Ham Fighters starter Kohei Arihara pitches against the Oakland Athletics in the first inning of an exhibition baseball game on Tokyo. Arihara says he settled on the Texas Rangers because they told right-hander what they thought he could do better in addition to mentioning the things they liked. The process of working on some of those things has started with pitchers and catchers officially reporting to spring training in Arizona. (AP Photo/Eugene Hoshiko, File)
Yanks' Cole: Players concerned about lack of competitiveness
FILE - New York Yankees starting pitcher Gerrit Cole throws in the first inning of Game 1 of an American League wild-card baseball series against the Cleveland Indians in Cleveland, in this Tuesday, Sept. 29, 2020, file photo. The average Major League Baseball salary dropped for an unprecedented third straight year, even before the shortened season caused by the novel coronavirus pandemic. The average fell despite Gerrit Cole, Stephen Strasburg, Anthony Rendon and Christian Yelich all starting long-term contracts guaranteeing $215 million or more. (AP Photo/David Dermer)
After solid Twins debut, Maeda aims to finish even stronger
FILE - Minnesota Twins pitcher Kenta Maeda of Japan throws against the Houston Astros in the first inning of an American League playoff baseball game in Minneapolis, in this Tuesday, Sept 29, 2020, file photo. Maeda's first season in Minnesota, albeit abbreviated by the pandemic, was a runaway success. The Japanese right-hander who has averaged 120 innings over the past four years, will have his durability tested in 2021. (AP Photo/Jim Mone, File)
Mariners thrilled to have 'Big Maple' back in Seattle Blue Jays feeling confident after busy off-season
Toronto Blue Jays manager Charlie Montoyo (25) comes to the mound to relieve Jacob Waguespack, center left, during the sixth inning of a baseball game against the Boston Red Sox, Friday, Aug. 7, 2020, in Boston. THE CANADIAN PRESS/AP-Michael Dwyer
Angels' Ohtani having more fun, still chasing 2-way dreams
FILE - In this Aug. 2, 2020, file photo, Los Angeles Angels pitcher Shohei Ohtani, of Japan, throws during the second inning of a baseball game against the Houston Astros in Anaheim, Calif. Ohtani agreed to a two-year, $8.5 million contract with the Angels on Monday, Feb. 8, 2021, avoiding arbitration. (AP Photo/Mark J. Terrill, File)

Advertisement Advertise With Us

Report Error Submit a Tip

Advertisement

Learn more about Winnipeg Free Press Advertising solutions

Baseball

LOAD BASEBALL ARTICLES