As fans, our team winning the World Series is worth a lot. But rarely, I think, do most of us put the win in terms of dollars and cents. We realize that players get bonuses for advancing beyond the regular season, but the actual formulae used and the value of progressing through the postseason isn’t really discussed much.
Major League Baseball, however, doesn’t hide any of this and, as a business minded fellow, I find it interesting. Here’s a look at the monetary impact to players of postseason victories.
The whole thing starts with a pool of cash. MLB creates the pool by combining gate receipts of the following games:
- 50% of gate receipts from the Wild Card Games,
- 60% from the first 3 games of the Division Series,
- 60% from the first 4 games of the League Championship Series, and
- 60% from the first 4 games of the World Series
Add that all up and this year’s pool totaled a substantial $62,683,966.80.