In postseason bonuses, several factors at play
The Korea Baseball Organization (KBO) has allocated revenue from the post season to teams that played in the fall.
Excluding operation costs, the revenue collected from admission fees for post season games will be paid to the teams that played in the post season.
This post season, in which there were 15 games, total crowds numbered 243,965, while admissions revenue reached nearly 7.7 billion won ($6.7 million), according to the KBO.
Excluding operation costs, which usually make up 40 percent, there is about 4.62 billion won left to be divvied up.
Despite losing the Korean Series, the Samsung Lions are guaranteed 924 million won, or 20 percent of postseason revenue, as the regular season champions.
The remaining 80 percent will be allocated depending on each team’s performance in the post season.
As the Korean Series champion, the Bears will receive half of the remaining 3.7 billion won, while the runners-up, the Lions, will get 925 million won, or 25 percent of 3.7 billion won. The NC Dinos, who were eliminated in the best-of-five playoff series, will take 550 million won, or a 15 percent share.
The Nexen Heroes, which lost to the Bears 3-1 in the best-of-five semi-playoff series, will also receive 370 million won, or 10 percent of the remaining revenue.
In terms of revenue this year, the SK Wyverns are likely to be most disappointed. They lost the wild card series to the Heroes.
According to the KBO, the losing team in the wild card series will not be entitled to a share of postseason revenue, although technically the Wyverns have entered the post season.
True to their name, the Lions have been taking the lion’s share of available post season revenue over past four years, winning both the regular season and the Korean Series.
Last year, the KBO had 7.28 billion won worth of postseason revenue, and excluding operation costs, 2.6 billion won was doled out to the Daegu-based club.
After taking their share, the teams divide the money among their players. Excluding their own costs, teams divide each player’s performance rating from A to C, and pay out bonuses.
There are 28 players in the post season roster.
Aside from the KBO’s postseason revenue, teams each personally set their bonus levels, paying players based on performance.
The Lions, for instance, put money on what’s known as championship insurance, in which the team gets a big return if it is victorious in the Korean Series. Last year, the Lions reportedly received 1 billion won through this insurance system by winning the championship.
The Bears reportedly did not sign on to this kind of insurance like the Lions. Instead, they are hoping for a bonus from their parent organization.
When the Bears were on verge of winning the Korean Series two years ago - it eventually lost the series 4-3 against the Lions - Doosan Group reportedly prepared 2 billion won in bonuses for the squad.
This time, they are hoping for more.
“In terms of championship compensation, Bears President Kim Seung-young will probably talk [to me],” Doosan Group Chairman Park Yong-maan said at the championship party on Oct. 31. “The group will approve what the team wants.”
BY JOO KYUNG-DON [firstname.lastname@example.org]
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