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12.5% each, the second-place teams in the divisions 2.375% each, and the third-place teams .625% each. In 1991, these shares were revised to 36%, 24%, 12%, 3% and 1% respectively, and when both major leagues realigned again in 1995 (each league now consisting of three divisions, the winners thereof
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With the realignment of both leagues into two geographically based divisions in 1969, the terms "first division" and "second division" quickly fell into disuse—largely because the word "division" had acquired a completely different meaning—although teams finishing in the top half of the standings
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referring to rankings within a league. Teams ranked in the top half of the league standings table (e.g. the top four teams in an eight-team league) are said to be in the "first division", while teams in the bottom half of the standings are said to be in the "second division".
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In MLB before 1969—the establishment of divisions within each league—players on teams finishing in the first division received monetary shares from the
Players' Pool, which was funded by gate receipts from that year's
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The distribution of the
Players' Pool money was also changed with the introduction of divisional play, with the World Series winner henceforth getting 36% of the pool, its loser 27%, the losers of the
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and the 1% shares went to the teams that finished second in their division but did not earn a wild card.
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finished in the first division for a record 39 consecutive seasons (1926–1964) while, by comparison, the
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team in each league reaching the postseason), the 3% shares went to teams losing in the
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once finished in the second division for 20 seasons in a row (1947–1966).
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Baseball terminology pertaining to standings in a league
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