Orioles, MLB still working to finish compensation deal

March 23, 2005|By FROM STAFF REPORTS

Negotiators for the Orioles and Major League Baseball spent all of yesterday trying to finish an agreement that would compensate the team for the losses it expects because of the new competition it faces, but no deal was reached.

"We continue to negotiate, and we'll be back at it in the morning," MLB president Bob DuPuy said last night. "I continue to be optimistic."

Orioles owner Peter Angelos declined to comment.

The talks recently have centered on a resale value guarantee for the Orioles - said to be about $365 million - and around how much the Orioles Television Network would pay to the Washington Nationals for the rights to show their games.

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