California - News
McCourt says plan was to cut players' salaries
Posted: Sep 1, 2010 7:02 PM
Updated: Sep 1, 2010 7:02 PM
LOS ANGELES (AP) Frank McCourt says his plans to turn the fortunes of Los Angeles Dodgers around included reducing players' salaries.
A business plan created for McCourt called for cutting payroll by 11 percent and 21 percent in 2005 and 2006, respectively. The plan, which was shown at his divorce trial that could decide whether he should share the team with his estranged wife, sought to have the budget at about $85 million.
McCourt bought the Dodgers in early 2004 from Fox Corp. for about $430 million. The previous owner was bleeding money as much as $55 million in 2003 before McCourt took over.
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