Report: Yankees to benefit from revenue-sharing payout

The rich are getting richer.

As details of the new Collective Bargaining Agreement trickle out, Ken Rosenthal of FOX Sports is reporting the New York Yankees - baseball's most valuable team - will benefit under the new revenue-sharing rules.

Under the new deal, the Yankees will continue to receive reductions from the payout, based on paying for construction of the new Yankee Stadium.

The Los Angeles Dodgers, Boston Red Sox, and Chicago Cubs, on the other hand, will not receive reductions.

(Courtesy: Forbes.com)

In order to combat the growing revenue disparity among MLB teams, the league introduced the revenue-sharing program in 1996. It was a slow start, but was fully instituted in 2002.

Meanwhile, the Oakland Athletics, one of baseball's lowest-income teams, are expected to be phased out of the program over the next four years.

The reason is because some members of the union felt Oakland's front office wasn't using the added income to improve its team on the field. In 2015, Oakland was awarded $34 million as part of the plan.