Cubs reach deal with holdout rooftop club owner

5/4/2008 1:34 PM

CHICAGO (AP) - The Chicago Cubs have settled a dispute with the owner of a trio of nearby rooftop clubs who refused to share profits with the team.

Friday's truce between the team and club owner Tom Gramatis ends a legal battle, which included threats from Wrigley officials to erect windscreens that would have blocked views from the rooftop seats.

Under the agreement, Gramatis will continue to pay 17 percent of his profits from two rooftop clubs through 2023. He'll also pay the team an undisclosed annual sum for profits from his Ivy League Baseball Club.

There are 16 rooftop clubs that surround Wrigley Field and share their profits with the team.