OAKLAND, Calif. (AP) The Oakland Athletics will be phased out of revenue sharing in the coming years as part of baseball's new labor deal, and that puts even more urgency on the small-budget franchise's plan to find the right spot soon to build a new, privately funded ballpark.
The A's revenue-sharing funds will be cut to 75 percent next year, 50 percent in 2018, 25 percent in 2019 and then phased out as part of the five-year agreement reached Wednesday and formally announced Friday.
"We are very excited that there is an agreement on a new CBA. We are committed right now to investing every dollar of revenue that we generate back into the on-field product and the fan experience," new A's team President Dave Kaval said. "We will also work hard to increase our revenue in the near term so that we can allocate more resources to both of these areas. The new CBA again highlights the importance of getting a new ballpark built in Oakland. A new ballpark will allow for the most competitive level of play on the field. We are laser-focused on making that happen as quickly as we can."