However, since the introduction of a divisional structure by MLB in 1969, usage of the term is now uncommon.
Within MLB, the New York Yankees finished in the first division for a record 39 consecutive seasons (1926–1964) while, by comparison, the Chicago Cubs once finished in the second division for 20 seasons in a row (1947–1966).
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 World Series.
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 League Championship Series 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 plus one wild card team in each league reaching the postseason), the 3% shares went to teams losing in the Division Series and the 1% shares went to the teams that finished second in their division but did not earn a wild card.