Common use of Guarantee of Pool Clause in Contracts

Guarantee of Pool. (1) To the extent, if any, that the Players’ pool provides a total of less than $4,608,000 for the World Series winner, the amount to be distributed to such winner shall be increased to $4,608,000. To the extent, if any, that the Players’ pool provides a total of less than $3,072,000 for the World Series loser, the amount to be distributed to such loser shall be increased to $3,072,000. (2) To the extent, if any, that the Players’ pool provides a total of less than $3,072,000 for both League Championship Series losers ($1,536,000 each), the amount to be distributed to such losers shall be increased to $3,072,000 ($1,536,000 each). (3) To the extent, if any, that the Players’ pool provides a total of less than $1,664,000 ($416,000 each) for the Division Series losers, the total amount to be distributed to such Division Series losers shall be increased to $1,664,000 ($416,000 each). (4) To the extent, if any, that the Players’ pool provides a total of less than $384,000 ($192,000 each) for the Wild Card Losers, the total amount to be distributed to such Wild Card Losers shall be increased to $384,000 ($192,000 each). (5) If, during the term of this Agreement, the Clubs raise World Series ticket prices, the guarantees set forth in the above paragraphs (1), (2), (3) and (4) shall be increased a pro rata amount, such amount established by averaging the percentage increase of a box seat ticket and the percentage increase of a reserved seat ticket and increasing each guarantee by such percentage.

Appears in 4 contracts

Sources: Basic Agreement, Basic Agreement, Basic Agreement

Guarantee of Pool. (1) To the extent, if any, that the Players’ pool provides a total of less than $4,608,000 2,416,450 for the World Series winner, the amount to be distributed to such winner shall be increased to $4,608,0002,416,450. To the extent, if any, that the Players’ pool provides a total of less than $3,072,000 1,611,000 for the World Series loser, the amount to be distributed to such loser shall be increased to $3,072,0001,611,000. (2) To the extent, if any, that the Players’ pool provides a total of less than $3,072,000 1,611,000 for both League Championship Series - losers ($1,536,000 850,500 each), the amount to be distributed to such - losers shall be increased to $3,072,000 1,611,000 ($1,536,000 850,500 each). (3) To the extent, if any, that the Players’ pool provides a total of less than $1,664,000 ($416,000 each) 644,400 for the Division Series losers, the total amount to be distributed to such Division Series losers shall be increased to $1,664,000 ($416,000 each)644,400. (4) To the extent, if any, that the Players’ pool provides a total of less than $384,000 ($192,000 each) 161,100 for the non- Wild Card Loserssecond place teams in each division, the total amount to be distributed to such non- Wild Card Losers second place teams shall be increased to $384,000 ($192,000 each)161,100. (5) If, during the term of this Agreement, the Clubs raise World Series ticket prices, the guarantees set forth in the above paragraphs (1), (2), (3) and (4) shall be increased a pro rata amount, such amount established by averaging the percentage increase of a box seat ticket and the percentage increase of a - reserved seat ticket and increasing each guarantee by such - percentage.

Appears in 1 contract

Sources: Basic Agreement