Steinbrenner says Cashman's 'on a big hook'

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'Boss' comments on status of Torre, Cashman, Giambi
05/25/07 03:07 PM, EDT
NEW YORK (AP) -- With his New York Yankees struggling, George Steinbrenner says Joe Torre is safe for now, general manager Brian Cashman "is on a big hook" and Jason Giambi "should have kept his mouth shut."

NEW YORK (AP) -- With his New York Yankees struggling, George Steinbrenner says Joe Torre is safe for now, general manager Brian Cashman "is on a big hook" and Jason Giambi "should have kept his mouth shut."
In a rare interview Thursday night from his office in Tampa, Fla., the Boss praised Roger Clemens, Andy Pettitte and Derek Jeter and said he was encouraged by the Yankees' performance this week in taking two out of three games from AL East-leading Boston.
Cashman, given increased duties when he re-signed after the 2005 season, is apparently being held largely responsible for the team's play.
"He's on a big hook," a spirited Steinbrenner said in a telephone interview with The Associated Press. "He wanted sole authority. He got it. Now he's got to deliver."
New York entered Friday 21-24 and trailed the Red Sox by 91/2 games.
"We hope we have turned it around," Steinbrenner said emphatically. "We just have to get out there and compete, compete hard, and win."
Torre, Steinbrenner's manager since 1996, appears to be safe for now.
"We are not considering a change," Steinbrenner said.
Steinbrenner was less generous toward Giambi, whose recent comments to USA Today that he was "wrong for doing that stuff" were interpreted by some as an admission of steroid use. Giambi told a federal grand jury that he used steroids from 2001-3 and human growth hormone in 2003, the San Francisco Chronicle reported.
Giambi was called into the commissioner's office Wednesday to discuss his remarks.
"He should have kept his mouth shut," Steinbrenner said. "The matter is in the hands of the baseball commissioner."


:modemman:
 

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"said he was encouraged by the Yankees' performance this week in taking two out of three games from AL East-leading Boston."

He was encouraged by that?! Please. Let us line up our pitching and we will see how 'encouraged' he is then.
 

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i have a question that might be dumb but how did Georgie make all his millions?
 

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i have a question that might be dumb but how did Georgie make all his millions?
Horse racing of course.

No, I have no idea. Mostly from the yanks I think. When he bought into them he paid into a portion with partners for 9 million. Forbes estimates they are now worth 1 Billion.

Somebody correct me.
 

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Alright, I guess I was kind of close.

From Wiki:

Steinbrenner spent one season with the Boilermakers before joining his father's struggling company, the American Ship Building Company, the following year. Steinbrenner became CEO of the corporation and helped it to regain some success by moving corporate headquarters to Tampa, Florida and building ocean-going ships.

In 1960, he bought the Cleveland Pipers of the National Industrial Basketball League. The team joined the American Basketball League the next year, with Steinbrenner making history by hiring John McLendon as the first African-American head coach in professional sports. The team went on to win a championship, then pulled off a public relations coup during the off-season by signing Ohio State All-American Jerry Lucas. The signing led to the National Basketball Association admitting the team as its tenth team on July 10, 1962. However, since he was unable to raise $250,000 and the ABL was threatening to sue the NBA because of the shift, the deal collapsed on July 30.

The Pipers soon went bankrupt, with Steinbrenner returning to the relative anonymity of the American Ship Building Company, before eventually buying the company. During much of the next decade, Steinbrenner invested in Broadway productions and later gained a small piece of ownership with an NBA team, the Chicago Bulls. His involvement with Broadway began with a short-lived 1967 play, The Ninety Day Mistress, in which he partnered with another rookie producer, James M. Nederlander. Whereas Nederlander threw himself into production full-time, Steinbrenner invested in a mere half-dozen shows, including the 1973 Tony nominee for Best Musical, Seesaw, and the 1988 Peter Allen flop, Legs Diamond.

In 1971, Steinbrenner offered $9 million to buy the Cleveland Indians, but after agreeing in principle with Indians owner Vernon Stouffer, saw the deal fall apart at the last minute. Indians General Manager Gabe Paul had played a major role in brokering the deal, and when the New York Yankees became available the following year, he helped Steinbrenner achieve his dream of owning a baseball club. In gratitude, Steinbrenner offered him the opportunity to direct baseball operations for the club.


Buying the Yankees
The Yankees had been floundering during their years under CBS ownership, a regime that started in 1965. In 1972, CBS Chairman William S. Paley told team president Michael Burke the media company intended to sell the club. As Burke later told writer Roger Kahn, Paley offered to sell the franchise to Burke if he could find financial backing. Burke ran across Steinbrenner's name, and Paul, a Cleveland-area acquaintance of Steinbrenner, helped bring the two men together.

On January 3, 1973, a group of investors led by Steinbrenner and minority partner Burke bought the Yankees from CBS for $8.7 million
 

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