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Major League Baseball (MLB) has a luxury tax called the "Competitive Balance Tax" (CBT). In place of a salary cap, the competitive balance tax regulates the total sum of money a given team can spend on their roster. Salary caps are common across professional sports leagues in the United States.
The Major League Baseball All-Star Game Most Valuable Player (MVP) Award is an annual Major League Baseball (MLB) award given to the most outstanding player in each year's MLB All-Star Game. Awarded each season since 1962, it was originally called the "Arch Ward Memorial Award" in honor of Arch Ward, the man who conceived the All-Star Game.
The Major League Baseball (MLB) postseason is the annual playoff tournament held to determine the champion of MLB in the United States and Canada. Since 2022, the playoffs for each league—American and National—consist of two best-of-three Wild Card Series contested by the lowest-seeded division winner and the three wild card teams, two best-of-five Division Series (LDS) featuring the wild ...
Chris Sale allowed one run and struck out six over six innings, shutting down Shohei Ohtani in the process, for his major league-leading 17th win of the season as the Atlanta Braves beat the Los ...
The National League Championship Series (NLCS) is a best-of-seven playoff and one of two League Championship Series comprising the penultimate round of Major League Baseball 's (MLB) postseason. It is contested by the winners of the two National League (NL) Division Series. The winner of the NLCS wins the NL pennant and advances to the World ...
The gender pay gap in sports is defined as the systematic disparity in earnings between male and female athletes. This gap is very apparent in society across prize money, salaries, sponsorship deals, and other financial incentives in both amateur and professional sports. The gender pay gap not only reflects differences in pay for similar ...
Problem of points. The problem of points, also called the problem of division of the stakes, is a classical problem in probability theory. One of the famous problems that motivated the beginnings of modern probability theory in the 17th century, it led Blaise Pascal to the first explicit reasoning about what today is known as an expected value.
You can gift up to $18,000 per person per year without facing the gift tax. If you are married, you and your spouse can gift up to $18,000 each to the same person, for a total of $36,000 per ...