MLB Industry Growth Fund is a pool of money collected by
Major League Baseball
Major League Baseball (MLB) is a professional baseball organization and the oldest major professional sports league in the world. MLB is composed of 30 total teams, divided equally between the National League (NL) and the American League (AL), ...
. The purpose of the Industry Growth Fund (IGF) is, essentially, to promote Major League Baseball. Specifically, there are three goals; to enhance fan interest in the game, to increase
baseball
Baseball is a bat-and-ball sport played between two teams of nine players each, taking turns batting and fielding. The game occurs over the course of several plays, with each play generally beginning when a player on the fielding t ...
's popularity, and to ensure industry growth into the 21st century. It was created as part of the Major League Baseball (MLB)
Collective Bargaining Agreement
A collective agreement, collective labour agreement (CLA) or collective bargaining agreement (CBA) is a written contract negotiated through collective bargaining for employees by one or more trade unions with the management of a company (or with an ...
(CBA) in 1997.
The IGF is managed by a seven-member
board of directors. The board of directors meets in person at least three times per year.
Funding for the IGF comes, primarily, from the MLB Competitive Balance Tax. Additional funds may also come from the
Major League Baseball Players Association
The Major League Baseball Players Association (or MLBPA) is the union representing all current Major League Baseball players. All players, managers, coaches, and athletic trainers who hold or have held a signed contract with a Major League cl ...
(MLBPA) or the individual baseball clubs.
[MLB CBA Article XXV]
References
External links
- Full text of the MLB CBA
{{DEFAULTSORT:Mlb Industry Growth Fund
Major League Baseball