The owners approve a 55 percent raise in contributions to the players’ pension fund. It will come from television, World Series, and All-Star Game money. Some money will also go to pay the salary of the Players’ Association executive director.

This Day In Baseball

On August 25, 1966 — The owners approve a 55 percent raise in contributions to the players’ pension fund. It will come from television, World Series, and All-Star Game money. Some money will also go to pay the salary of the Players’ Association executive director.

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Sources:
Baseball Reference August 25
National Pastime August 25
Retro Sheet
Hall of Fame
SABR Games Project
Replay The Game