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Gasparilla King, George M. Steinbrenner, III, commits $100,000 per year, for 5 years, from a New York Yankees spring game to form and fund the YMKG Scholarship Foundation. The foundation begins to fund five, four-year scholarships per year to Hillsborough County high school seniors who have excelled in the combination of academics, athletics, and extracurricular leadership, as proposed by their high school administration.

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