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Wednesday, April 8th, 2009 at 10:30 am  |  9 responses

The Hall of Fame, Too, is Facing Money Issues

No one is safe, it seems: “How desperate is the Hall? In a Feb. 18 memo to its Board, president and CEO John Doleva described an organization in crisis, with daily admissions barely half what were projected when the new building opened in 2002, and carrying a debt load he called ‘staggering.’ Doleva said he came to work every day focused not on preserving and promoting the game and its heritage, but on managing cash flow. Doleva floated four ways of facing down the crisis: selling the Hall to an outside entity; embarking on a fundraising campaign (at a wholly inauspicious time, it should be noted, in the midst of a financial meltdown and on the heels of a capital campaign the Hall had just concluded); declaring bankruptcy; or selling off its $10 million worth of memorabilia and artifacts. All this after layoffs and paycuts, instituted last year, to realize annual savings of a half-million dollars. While the Springfield Republican reported a week ago that the crisis had eased somewhat, and that revenues are expected to pick up during the forthcoming summer tourist season, you can be sure that choosing the last of these four options would earn the Hall the lasting enmity of players, coaches and civilians who have made donations over the years.”

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  • http://sports.espn.go.com/nba/scoreboard Fred34

    Anyone ever visited? Is it like a museum? Do they even have an online presence with vids, paypal donations, crap to sell, etc..? Are they / do they want to remain relevant or go the way of the elephant-newspapers?

  • nate the great

    i agree with fred. how do they raise money?

  • http://soulbanger.tumblr.com tapion786

    it has museum qualities but its much more interactive. they have a game that tests your vertical, another station where you can pretend to be a broadcaster. there is also a court in the middle (the whole thing is a dome with different levels) where they have games where you can win prizes. i placed 2nd in knockout once and got a basketball. its a fun place and it would be sad to see it go down.

    i don’t know how they raise money.

  • NAS

    shouldnt the NBA and FIBA bankroll it???

  • Kozmic

    Donations should be mandatory to all inductees. The memo should say: Dear Inductee, How much are you gonna throw down ? Cheapasses are not welcome in Springfield… You get two good things out of it, one is that half of your nominees will withdraw because their broke or just plain ol’ cheap, second and most important you get an annual income from the players. Cash flow problem, Check. Too much nominees problem, check and check.

  • Remo Williams

    ^^^^
    inductees REQUIRED to donate???
    nah man, awards should not work like that.

    if they want to cool, good for them, but it shouldnt be mandatory.

  • http://www.youtube.com/user/officerbarbrady what

    You think that’s bad, just wait until the NBA opens its own HOF.

  • Teddy-the-Bear

    Bernard King should have been inducted this year. Come on Hall of Fame!

  • Teddy-the-Bear

    The NBA should help fund it.

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