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SBD/August 20, 2013/Events and Attractions
A League Of Their Own: White Sox' Einhorn Preps For National Youth Baseball Classic
Published August 20, 2013
ANTE UP: YAHOO SPORTS' Dan Wetzel wrote it is "worth pointing out" that LLWS players "deserve some cut of this action." Though it would be "unpopular and unlikely to ever gain traction," the players "deserve something from this booming, expansive event, even if it is just a few grand that go directly into a college scholarship fund or some kind of trust (if they don't go to college) that can't be accessed until age 18 or 21." The LLWS' federal tax filings showed that it turned a $2.8M profit in fiscal '12 on $24.5M in revenue, and it "finished the year" with $78.5M in assets. ESPN is paying $4M to "broadcast 32 games this year," so each player would earn $750 "every time their team appeared on television." Tax filings show that the LLWS generates an "additional $6.1 million in non-broadcast revenue." Some of that "comes from nearly two-dozen major corporate sponsors, including Honda, Hilton, Chiquita Bananas, Gatorade and New York Life." Wetzel: "Paying the players wouldn't commercialize the event. The event is already commercialized. Just about everyone is making money here except the players" (SPORTS.YAHOO.com, 8/19).