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Also, on November 6, 1997, and with respect to the 1998
major league baseball season, the partnership and the Devil Rays
for the first time received the right to participate in, and
assumed the liabilities associated with, major league baseball’s
central fund. Further, beginning with the 1998 season, the
partnership became subject to other agreements relating to its
participation, and to the Devil Rays’ play, in major league
baseball. For example, beginning with the 1998 season the
partnership and the Devil Rays became subject to:
(1) The major league baseball rules;
(2) The union agreement between major league baseball
and the major league baseball Players Association;
(3) The agreements between major league baseball and
network television and other media;
(4) The agreement between major league baseball and the
major league baseball Umpires Association; and
(5) The major league baseball Players Benefit Plan.
On November 17, 1997, the partnership participated in an
expansion draft of players already under contract with other
major league baseball teams that was held for the benefit of the
Devil Rays and the Arizona Diamondbacks, the other expansion
team. In the expansion draft, the partnership drafted 35 major
league baseball players for the Devil Rays. Approximately one
half, or $74,725,000, of the $130 million franchise fee was
allocated by the partnership to the contracts of the major league
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Last modified: May 25, 2011