tom ricketts1 Cubs Chairman Expects 2011 Payroll To Dip

CHICAGO (AP) Chicago Cubs chairman Tom Ricketts says he expects the team’s payroll to be slightly lower next season. He also isn’t going to put a timetable on hiring a manager.

Ricketts spoke Sunday before the Cubs’ final home game of a disappointing season. This was the first season of ownership for the Ricketts family.

The Ricketts family inherited a 2010 payroll around $144 million. Ricketts says he sees it being slightly lower next year.

Ricketts praised interim manager Mike Quade, who has guided the Cubs to a 19-10 record since Lou Piniella retired in August. Ricketts says general manager Jim Hendry will keep talking to people as the Cubs decide who should be their manager in 2011.

Updated September 26, 2010

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