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How much money did Billy Beane turn down?

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In the fall of 2002, he turned down a five-year, $12.5 million offer to become the general manager of the Boston Red Sox to remain in Oakland, leveraging that decision into a historic position: part owner. Lew Wolff, the owner of the A's, offered Beane a 2½ percent equity stake in the team, worth roughly $8 million.
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