03/25/09 8:13 AM ET
Deal struck to sell Stadium memorabilia
Demolition of old Yankees ballpark reportedly to begin in April
By Bobbie Dittmeier / MLB.com
Demolition of the old Stadium will begin next month, prior to the scheduled April 16 opening of the new Stadium. Specifics on the sale of items will be available in the coming weeks, sources familiar with the agreement told the Post.
The old Stadium is owned by the city, which will receive a guaranteed $10 million, plus a percentage of any profits above $15.9 million, in exchange for allowing the Yankees to sell the city-owned portions of the ballpark, which includes all 57,000 seats.
City officials would not comment on the particulars of the deal, according to the Post, but mayoral spokesman Andrew Brent said an agreement is being "finalized."
Seats from Shea Stadium, the Mets' ballpark that was demolished this offseason, sold for $869 a pair, leading to speculation that seats from the old Yankee Stadium may sell for a considerably higher figure.
"The seats are where the money is, but in this economy, it's tough to put a value on sports collectibles," Mike Heffner of auction house Lelands.com told the Post.
The old Stadium, which opened in 1923 and reopened in 1976 after a two-year renovation, hosted its final game in September.
Bobbie Dittmeier is an editor/producer for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.