Tampa Bay Rays owner to lower payroll, Selig says must have "hope and faith"

St. Petersburg: "(Bud) Selig, at Tropicana Field Wednesday for the annual Governor's Dinner, didn't have concrete suggestions, but he said the league will look into ways

• to provide for "hope and faith" in as many places possible."

That includes Tampa Bay, where principal owner Stuart Sternberg said Monday the Rays will have to significantly

• reduce their $70 million payroll next season.

"We're going to do over $450 million in revenue sharing," Selig said. "Remember when I took over? We did none, zero. … It's not perfect, I know work has to be done...but at least there's been an enormous amount of progress.""

• 2/18 by Joe Smith, St. Pete Times

Stu Sternberg kicks off the new Rays season in his usual offensive, belligerent fashion. Maybe he should go back to Goldman Sachs. ed.

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