Fay Vincent

Francis Thomas "Fay" Vincent, Jr. (born May 29, 1938 in Waterbury, Connecticut) is a former entertainment and sports executive who served as the commissioner of Major League Baseball from September 13th, 1989 to September 7th, 1992. He is a graduate of Williams College, Class of 1960, which he attended on a full academic scholarship, and Yale Law School, Class of 1963.

1993 Expansion

In June 1991, Vincent declared that the American League would receive $42 million of the National League's $190 million in expansion revenue and that the AL would provide players in the National League expansion draft (involving the Colorado Rockies and Florida Marlins). In an attempt to win support in the American League and balance the vote, Vincent decreed that the AL owners were entitled to 22 percent of the $190 million take. This decision marked the first time in expansion history that leagues were required to share expansion revenue or provide players for another league's expansion draft.

Related Topics:
June 1991 - American League - National League - Colorado Rockies - Florida Marlins

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