The Cincinnati Reds recorded a loss of $285,000 in 2001 according to a report obtained by the Associated Press Wednesday night that will be given to Congress today.

        Baseball commissioner Bud Selig is to present the report along with other financial breakdowns when he testifies before the House Judiciary Committee in Washington.

        The report says the Reds nearly broke even thanks to an approximate $13million revenue-sharing payment they received.

        The Reds had operating revenue of $70.887 million and expenses of $81.943 million. The $11.056 million deficit became a $2.348 million profit after revenue sharing.

        The final loss figure comes after amortization — money put aside for debt, deferred payments, etc.

        Other figures released were for gate receipts and local broadcast revenue.

        The Reds were 20th with $32.102 million in gate receipts. The Yankees led with $98 million in receipts.

        The Yankees also led in local broadcast revenue with a whopping $56.750. The Reds, by contrast, received a reported $7.861 million. That figure is the fifth lowest in baseball, according to the report.

        Overall, baseball had an operating loss of $232 million this year, including a major league-leading $52.9million by the Toronto Blue Jays.

        Though the Arizona Diamondbacks were a success on the field, winning the World Series in just their fourth season, they were a bottom-line bust, with an operating loss of $32.2 million.

        Eleven of the 30 teams had operating profits before revenue sharing, led by the New York Yankees at $40.9 million. Seattle was second at $34.3 million.

        The Yankees paid $26.5 million in revenue sharing, the most of the 30 teams.

        Baseball's operating loss, while high, was not a record. In 1994, when players struck in August and the World Series was canceled for the first time in 90 years, the sport had an operating loss of $363.7 million, according to records obtained by AP.

Shaw makes proposal to Reds Report: Reds lost $285,000 Baseball notebook

Bengals retain expert
Kitna sees lack of 'urgency'
Roberts striving for special teams consistency
Special teams highs and lows
Bengals notebook
Jax waves Whitted
NFL notebook
Don't make him mad
Vann, Peek C-USA stars
It's West and no one else
Xavier notebook
UK rolls to an easy victory over Keydets
NKU meets No.1
USA Today fires 3 from sports department
College basketball roundup
College football notebook
NBA roundup
NHL roundup
Coming up this week
Fender's FTs lead New Richmond
Ryle girls get first win, beat Walton
Moeller, Sycamore hook 'em up on ice

• Return to Reds front page...