LVfan
Verified Member
The Oakland Athletics are not in danger of being removed from MLB's revenue sharing system.
The A's binding agreement with Tropicana owner Bally's Corp. to construct a new ballpark on the Strip met a mandate to keep the team in the league's revenue sharing program set by the latest MLB collective bargaining agreement, people with knowledge of the situation confirmed to the Review-Journal.
The A's had until Jan. 15 to get a binding agreement for a new stadium deal in place, or the league planned to remove the team from its revenue sharing system. The deal with Bally's Corp. met the mandate set by the league.
The next meeting of the Las Vegas Stadium Authority is planned for Jan. 18, at which time work will continue toward finalizing agreements between the two sides tied to the construction of the ballpark. SB1 requires the agreements to be struck to make the $380 million in public funds available.
www.reviewjournal.com/sports/athletics/oakland-as-meet-mlb-deadline-to-keep-revenue-sharing-2976327/
The A's binding agreement with Tropicana owner Bally's Corp. to construct a new ballpark on the Strip met a mandate to keep the team in the league's revenue sharing program set by the latest MLB collective bargaining agreement, people with knowledge of the situation confirmed to the Review-Journal.
The A's had until Jan. 15 to get a binding agreement for a new stadium deal in place, or the league planned to remove the team from its revenue sharing system. The deal with Bally's Corp. met the mandate set by the league.
The next meeting of the Las Vegas Stadium Authority is planned for Jan. 18, at which time work will continue toward finalizing agreements between the two sides tied to the construction of the ballpark. SB1 requires the agreements to be struck to make the $380 million in public funds available.
www.reviewjournal.com/sports/athletics/oakland-as-meet-mlb-deadline-to-keep-revenue-sharing-2976327/
