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Yankees’ World Series shares cut by $15,023

From left, Andy Pettitte, Jorge Posada, Derek Jeter

From left, Andy Pettitte, Jorge Posada, Derek Jeter and Mariano Rivera admire the World Series trophy. (Nov. 4, 2009) Photo Credit: David Pokress

Turns out the New York Yankees’ World Series shares didn’t set a record.

A full share for the World Series champions was revised to $350,030 by the commissioner’s office after an accounting error was discovered that caused three people to be left off the original distribution list.

In November, Major League Baseball said a full share was worth $365,053 — topping the $362,173 a full share was worth on the 2006 St. Louis Cardinals. The revised figure for last year was below the $351,504 a full share was worth on the 2008 Philadelphia Phillies.

The original accounting said the Yankees split their $21.27 million portion of the players’ pool into 46 full shares, 12

Two trainers and a player were not properly accounted for, a baseball official said Tuesday, speaking on condition of anonymity because no announcement was made.

The accounting error was first reported by

Baseball will now have to collect $15,023 from each individual who received a full share from the original distribution.

“There was a mistake with respect to shares, and the mistake wasn’t discovered until the money was actually distributed,” union head Michael Weiner said. “The union and the commissioner’s office negotiated a mechanism whereby it could be corrected. It does require players who received full shares to contribute to a pool that then will be used to reimburse the affected individuals.”


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