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Thursday, August 24, 2006

Little League makes millions, but how much goes to kids?

Little League is a Big League business and gets bigger each and every year, thanks to the increased national television coverage from ESPN and ABC, which has driven up not just rights fees but corporate sponsorships, stadium advertising and ancillary income.

Little League Baseball, Inc., a non-profit based in Williamsport, Pa., took in revenues of $19.2 million in 2005 according to the IRS, an increase of 26.4 percent from just four years prior.

LLB, Inc. spent $17.4 million last year and has over $62.6 million in cash reserves. CEO Stephen Keener drew over $225,000 last year in salary and retirement contributions according to tax records.

ESPN and ABC can’t get enough of the Little League, televising all 32 games of the baseball World Series, more than a dozen regional qualifying tournament games and three softball World Series games. What began in 1953 as a single televised championship game now dominates the networks’ August schedule.

The Little League World Series is so big business that its championship game will go by the name “Little League World Series: World Championship presented by Kellogg’s Frosted Flakes.”

Kellogg’s outbid all the other major corporate sponsors such as Bank of America, ReMax Real Estate, Ace Hardware and Snickers, to name a few, for the title game naming rights.

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