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                                                                    EXHIBIT 10.1
                     THIRD AMENDMENT TO MANAGEMENT AGREEMENT
                                 BY AND BETWEEN
          GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND
                                       AND
             CLEVELAND INDIANS BASEBALL COMPANY LIMITED PARTNERSHIP



                  THIS THIRD AMENDMENT ("Third Amendment") is made as of the
22nd of March 1999, by and between GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF
GREATER CLEVELAND, a nonprofit corporation organized under the laws of the State
of Ohio (together with it successors and assigns hereinafter referred to as
"Gateway"), and CLEVELAND INDIANS BASEBALL COMPANY LIMITED PARTNERSHIP, an Ohio
limited partnership, as successor-in-interest to BALLPARK MANAGEMENT COMPANY, an
Ohio corporation (hereinafter referred to as "Operator").

         RECITALS:
         ---------

         WHEREAS, Gateway and Operator entered into a Management Agreement,
dated as of the 3rd day of July, 1991 (hereinafter referred to as the
"Management Agreement"), and certain other documentation and agreements related
thereto; and

         WHEREAS, Gateway and Operator entered into that certain First Amendment
to Management Agreement dated December 4, 1992 (the "First Amendment"); and

         WHEREAS, Gateway and Operator entered into that certain Second
Amendment to Management Agreement dated December 16, 1993 (the "Second
Amendment"); and

         WHEREAS, Gateway and Operator are desirous of making certain
modifications to the Management Agreement;

         WHEREAS, notwithstanding and as an exception to the provisions of
section 28.21, it is the intention of Gateway and Operator that the City of
Cleveland shall be an intended third party beneficiary of these modifications to
the Management Agreement.

         NOW THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein, the parties do hereby agree to the following
modifications of the Management Agreement.

         1.       Operator shall make available to the City of Cleveland for 
                  use by the City's Division of Recreation, a total of one
                  hundred (100) free auxiliary bleacher seats per game for all
                  regular season games played each year during the period
                  commencing from the date that the auxiliary bleachers
                  structure is erected and placed into use through October 1 for
                  the duration of this Management Agreement. The preceding
                  commitment is the same commitment as set forth in the First
                  Amendment to Lease and the First Amendment to Ground Lease of
                  even 


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                  date herewith and not in addition thereto (i.e., the total
                  commitment is for one hundred (100) tickets only, in the
                  aggregate). Notwithstanding the preceding commitment, in the
                  event that the City of Cleveland, for any period, does not
                  grant any necessary approvals, consents, or permits for the
                  erection, use or operation of the auxiliary bleacher
                  structure, then the commitment to provide said free tickets
                  shall be automatically suspended until such approvals,
                  consents or permits are given or issued, as the case may be.
                  In the event that Operator elects, in Operator's sole and
                  absolute discretion, not to erect, use and operate the
                  auxiliary bleachers structure during any year, then the
                  Operator will provide to the City of Cleveland during such
                  year one hundred (100) free tickets for each regular season
                  game during the period of May 15 through October 1 in other
                  locations in the Ballpark determined and selected in the sole
                  and absolute discretion of the Operator; provided, however,
                  that such tickets shall not be standing room only tickets. The
                  free tickets described herein shall not be Paid Attendance
                  Tickets or Excluded Tickets as those terms are defined in the
                  Lease.

         2.       The City of Cleveland hereby approves the concept of the
                  auxiliary bleachers structure and the City of Cleveland shall
                  process all building permits for the auxiliary bleachers
                  structure in a timely fashion and shall not unreasonably
                  withhold its approval of such permits; provided said auxiliary
                  bleachers comply with all requirements of the Ohio Basic
                  Building Code.

         3.       Section 28.21 is modified to read consistently with this Third
                  Amendment.

         FURTHERMORE, the provisions of this Third Amendment are hereby
incorporated into the original Management Agreement as if fully rewritten
therein. Except as otherwise provided in, or otherwise necessary or appropriate
to give effect to the terms of this Third Amendment, all the provisions, terms
and conditions contained in said original Management Agreement as amended by the
First Amendment and the Second Amendment not inconsistent with this Third
Amendment, shall remain unchanged and in full force and effect.

         IN WITNESS WHEREOF, the parties hereto have entered into this Third
Amendment as of the day and year first above written.

Witnesses as to Gateway:           GATEWAY ECONOMIC DEVELOPMENT
                                   CORPORATION OF GREATER
/s/ Sherry Jefferson               CLEVELAND, an Ohio nonprofit corporation
-------------------------------
         Signature
                                   By: /s/ Joseph A. Marinucci              
  Sherry Jefferson                     -------------------------------------
-------------------------------    Title:   Chairman
         Print Name                       ----------------------------------

/s/ Ruth-Anne Flannery
-------------------------------
         Signature

Ruth-Anne Flannery
-------------------------------
         Print Name


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Witnesses as to Operator             CLEVELAND INDIANS BASEBALL
                                     COMPANY LIMITED PARTNERSHIP,
/s/ Ronald S. McQuate                By: Cleveland Indians Baseball Company, 
______________________________           Inc., an Ohio corporation, its sole 
         Signature                       general partner


Ronald S. McQuate
_______________________________                    /s/ Dennis Lehman
         Print Name                  By:______________________________________
/s/ Jacqueline Pachinger-Stetter     Title:  Executive Vice President, Business
_______________________________            ___________________________________
         Signature

Jacqueline Pachinger-Stetter
_______________________________
         Print Name





The City of Cleveland joins in the execution of this Amendment for the purpose
of acknowledging its agreement to Section 2 hereof and accepting the benefits of
Section 1 hereof.

                                    CITY OF CLEVELAND


                                    By: /s/ Michael R. White
                                       --------------------------------------

                                    Its:  Mayor of City of Cleveland
                                        -------------------------------------

                                    Date:       March 19, 1999
                                          -----------------------------------


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