This past week, 2013 members of the St. Louis Cardinals had a bit more about which to be thankful. As a result of reaching the World Series, 56 individuals associated with the club received full post-season shares valued at $228,300.17 each.
The individual financial cost of the Cardinals losing the Series can be calculated. The Boston Red Sox’ winning pool was $22,566,228.05, with the value of each of full share being $307,322.68. In other words, each Cardinal took home $79,000 less than a corresponding Red Sox.
Still, when considering the high number of rookies and young players on St. Louis’ roster making at or very near the 2013 Major League minimum salary of $490,000, this was a major financial windfall for many – almost an additional half-season of compensation.
The players are not among those who assert that television is all that matters in today’s game and in-person attendance is irrelevant.
This post-season cash is sourced from just one place – ticket sales – and is part of the collective bargaining agreement negotiated between players and owners every five years.
The players’ pool is made up of the following percents of the gate receipts from the various levels of post-season play: 50 percent from the Wild Cards plus 60 percent from the first three games of the Division Series plus 60 percent from the first four games of the League Championship Series and 60 percent from the first four games of the World Series.
Interestingly, the 56 total shares voted upon by the Cardinals was the same quantity given out in 2012. After the club only reached the NL Championship Series, a 2012 share was worth “just” $122,558.29 to those Cardinals employees.
The value of a share of the players’ pool from the 2011 World Champions from St. Louis was $323,169.98.