I'd write something like that with a here doc.. HTML can get really ugly if you have to \" all the quotes :-)

print <<EOF;

<TD width=200>
<P align=center>
<SELECT name=Team1 size=1>
<OPTION selected value=101>$variable</OPTION>
<OPTION value=103>something</OPTION>
<OPTION value=103>somethingelse</OPTION>
EOF