Chicago Cubs Hand Out Record Playoff Shares

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Outside of tonight’s Bulls game against the San Antonio Spurs, it’s been a relatively slow news day. The Bears didn’t play yesterday, and there’s only so many times you can make fun of the Packers. Okay, maybe that’s not true, but the Blackhawks are off tonight as well, so I thought I’d take this opportunity to make this Monday even more depressing by letting you know about a bunch of rich guys getting richer, as the Chicago Cubs handed out a lot of money today.

Major League Baseball released the 2015 postseason shares today, and the dollar amount, which is split up between every team that went to the playoffs, set a new record, which before this year was set in 2012 at $65, 363, 469.22. What was this year’s figure, you ask? $69, 882, 149.26. That’ll buy a lot of Christmas presents. This is how you get to that number:

“The players’ pool is formed from 50 percent of the gate receipts from the Wild Card Games presented by Budweiser; 60 percent of the gate receipts from the first three games of the Division Series; 60 percent of the gate receipts from the first four games of the League Championship Series; and 60 percent of the gate receipts from the first four games of the World Series. The players’ pool was divided among the 10 Postseason Clubs: the two World Series participants, the two League Championship Series runners-up, the four Division Series runners-up and the two runners-up in the Wild Card Games presented by Budweiser.”

(mlb.com)

Naturally, the further you advance in the playoffs, the higher share your team receives. By advancing to the National League Championship Series, the Cubs received $8, 385, 857.91. The team handed out 60 full shares worth $122, 327.59 apiece, 8.25 partial shares, and 13 cash awards. The runner-up in this year’s World Series, the New York Mets, received close to $17 million and the world champion Kansas City Royals walked away with over $25 million from the pool.

I guess it’s not just fun to go to the playoffs, but it pays rather nicely as well.