New A’s president Dave Kaval said the team would do everything in its power to make up for the loss of revenue-sharing money from Major League Baseball, but he did not address how the team’s payroll would be impacted for the time being.
Baseball’s new Collective Bargaining Agreement eliminates the hefty annual check the A’s have received from the more prosperous clubs, reportedly around $35 million last year. That money will be incrementally reduced, with the A’s receiving 25 percent less each of the next four years until it’s phased out completely.
Kaval said the loss of that money simply underscores the importance of the A’s identifying a new ballpark site in Oakland so they can build a stadium to open up new streams of cash.