McCourt: Plan was to cut Dodgers players’ salaries
Frank McCourt says his plans to turn around the Los Angeles
Dodgers’ fortunes 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 was aiming for a team operating budget at about $85
million. It was shown Wednesday at his divorce trial that could
decide whether he should share the team with his estranged wife and
former team CEO, Jamie McCourt.
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.