Well I don't care much for Ted Rogers because of political ideologies. However, keep in mind that he owns the Rogers Centre as well as Sportsnet. The Jays are tremendous asset to his organization.
The Jays may lose money as a team but he might make it back on concession revenues and television revenues. Of course ONE of these three things HAS to lose money so the others prosper!
As for what he is paying Wells, bear in mind that Rogers sets the payroll budget and JP Riccardi is the one who makes the contracts. Ted Rogers might be calling up ol JP and asking him what the **** are you doing!!!
From what I understand, Rogers offered the Argos free rent in order to keep the team in the Centre. The Argos were going to go in for a stadium in partnership with the MLS.
I think that if the Argos' current owner wanted to sell then Rogers would probably pick it up for a song. It would make sense for him then.