where does luxury tax money go in baseball
Luxury tax (sports) The luxury tax is separate from revenue sharing, which is a system to balance out the income distribution between large and small market teams by dividing money from merchandise sales and media contracts. The money generated from the luxury tax is not distributed to the rest of the league, as is the case with the NBA, but rather is used for other purposes. The first $2,375,400 and 50% of the remaining total are used to fund player benefits, 25% goes to the Industry Growth Fund, and the remaining 25% is used to defray teams' funding obligations from player benefits.[6]
2002 Oakland Athletics season The Athletics' 2002 campaign ranks among the most famous in franchise history. Following the 2001 season, Oakland saw the departure of three key players. Billy Beane, the team's general manager, responded with a series of under-the-radar free agent signings. The new-look Athletics, despite a comparative lack of star power, surprised the baseball world by besting the 2001 team's regular season record. The team is most famous, however, for winning 20 consecutive games between August 13 and September 4, 2002.[1] The Athletics' season was the subject of Michael Lewis' 2003 book Moneyball: The Art of Winning an Unfair Game (as Lewis was given the opportunity to follow the team around throughout that season). A film adaptation of the book, also titled Moneyball, was released in 2011.