The league made a 10-year commitment to the Players Alliance that includes $10 million a year, plus an additional $5 million in matching contributions.

Major League Baseball announced on Monday that it would donate up to $150 million to the Players Alliance, a nonprofit formed last summer by more than 100 Black current and former players in the wake of George Floyd’s death. The donation is aimed at helping build Black participation in the sport.

“This represents the largest financial commitment in M.L.B. history toward the specific goal of improving Black diversity in the sport on the field, in managerial & coaching positions, and front office leadership,” the league said in a statement on Monday night following an announcement by Commissioner Rob Manfred at Coors Field in Denver, the site of the All-Star Game.

The league, which joined forces with the players’ union to pledge $10 million to the fledgling nonprofit last summer, said it would begin its new financial commitment in 2023 with $10 million annually for 10 years, plus an additional $5 million in matching contributions to the Players Alliance’s fund-raising.”

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