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Article #280

Speaking of teams... -Reply

#280
From: stratton
Date: Wed, 27 Aug 1997 00:00
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>>>>>On 8/19/97, Fred Nickols asked if anyone on this list knows about
team bonus shares for major league
baseball teams.<<<<<

I know that championship and runner-up U.S. baseball, football, and
basketball teams all receive a certain amount of money (based on
ticket sales, advertising revenue, etc.) to be divided among all
people that the players themselves deem as worthy recipients. The
members of the team then determine how many shares they want to
create. Generally speaking, one share goes to each team member.
Additional shares might be created for other people, such as
clubhouse assistants. Quarter shares and half shares are sometimes
created. Under special circumstances, an individual might be voted
two shares. Consideration is given to people who were injured and
participated in the regular season but not the championship series or
vice versa.

Before the days of multimillion dollar salaries for athletes,
championship money was a big deal. It could easily equal  one-half or
more of a player's annual salary. Today, it is usually a big deal for
only rookies and other people at or near minimum salary levels.

I hope this helps.

--Brad

Brad Stratton
ASQ/Quality Progress
E-mail: bstratton@asq.org
Web: qualityprogress.asq.org
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From: stratton@asqc.org
Subject: Speaking of teams... -Reply
Date: 1997/08/27
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