New York Giants: Acquiring Jon Beason a Step in the Right Direction
Probably. Christopher Koelsch, the chief executive officer of LA Opera in Los Angeles , said New York City Operas closing doesnt mean the biggest U.S. city cant support two operas. Such institutions must be flexible, vigilant and constantly making their case to their constituencies, he said. I would argue in a city of New Yorks size, cultural sophistication and resources that it would be possible to have two entirely vibrant and distinct opera companies, Koelsch said in a phone interview before the filing. The bankruptcy is a good time to pause and reflect on just how fragile some of these institutions are. Urgent Notice The company last week posted an urgent notice on its website seeking donations to help raise $20 million, including $7 million it said it needed by Sept. 30 for the current season. The remaining productions for this season were Johann Christian Bachs Endimione, Bela Bartoks Bluebeards Castle and Wolfgang Amadeus Mozarts The Marriage of Figaro, according to the website. The company sat out the 2008-09 season, while the New York State Theater (renamed for donor David Koch ) was renovated. In late 2008 and early 2009, the board of directors used $24 million from its endowment to meet payroll and other obligations and hasnt been able to repay it, according to the filing. City Operas endowment totaled $5.02 million for fiscal year 2012, down from $9 million a year earlier and $55 million several years ago, according to the filing. The endowment lost $14 million during the stock market decline, the company said in the filing. Poor Decision According to an accounting of New York City Operas financial collapse filed in the bankruptcy court , the opera company made a poor decision in the mid-2000s when it chose to increase the number of performances of standard repertoire warhorses to reduce costs and increase audiences. In fact the reverse happened: the annual structural deficit grew, Rosen, the companys lawyer, said in the filing. With that strategy, the opera found it needed to attract new ticket buyers — buyers who cost more in marketing dollars to attract and yet were unlikely to become repeat ticket buyers or donors. The opera also blamed an increasingly crowded entertainment market, including competition with the Metropolitan Opera , according to the filing. Other factors included the reduction in arts education, a nationwide decrease in arts journalism and opera presented for free on public television and radio.
His rapid descent was topped off this season when he lost his starting job to former Giant Chase Blackburn. The Giants brought Beason in an effort to bolster their linebacker unit, which is riddled with inexperience. Starters Spencer Paysinger, Keith Rivers and Mark Herzlich would be reserve players on most teams; their struggles, in both the passing and rushing game, are a prime reason for New Yorks defensive failures. Acquiring Beason is an excellent move from the Giants front office. Its not going to cure the Giants right away, but it should strengthen their defense. Sometimes it takes the flash and attention of a big city like New York to help re-energize a player. The Giants are hoping Beason can still be the player he was just a few years ago. New York only surrendered a late-round draft pick, so there isnt much of a bust factor here. Beason shouldnt feel pressure to save the Giants, he should just provide some much-needed relief. The Giants dont want to enter a rebuilding stage while they still have so much talent, and a move like this can help Big Blue get back on their feet. Daniel Brennan covers the New York Giants for RantSports.com.
NEW YORK — After filing two lawsuits and sitting through his fifth day of hearings at Major League Baseballs Park Avenue offices in midtown Manhattan on Friday, all Alex Rodriguez wanted was to go home, relax and enjoy a cold one. “[The] truth is that Im feeling really humble, really happy with the support,” the Yankees third baseman said in Spanish, according to ESPN Deportes Adriano Torres, after exiting MLBs offices just after 6 p.m. and signing autographs for about 10 minutes. “It’s been a difficult week. Now I want to go home [and] drink a beer with my family, but truthfully, with the support, Im feeling really proud and Im feeling really happy with the love and energy that theyve given me.” A-Rod filed lawsuits against baseball Thursday night and New York Yankees team doctor Chris Ahmad and the New York Presbyterian/Columbia University Medical Center Friday night. “Were in a process. The process has to be respected,” A-Rod said. “What I do know is that I’m very happy with the support. I want to give my thanks to all of the Hispanics in the entire world, here in New York City and [who’ve] been here the entire week. Keep supporting me. Thanks a lot.” A-Rod also said: “For us [the Yankees], its always about winning a championship. But for me, I want to work hard this winter and maintain myself for the upcoming year.” Rodriguezs hearing for his 211-game suspension for violating baseballs drug policy did not end Friday, though the cross-examination of Biogenesis founder Anthony Bosch by A-Rods lawyers did, according to a source.