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It is referenced in wikipedia...

They are also known as "the White Elephants" or simply "the Elephants", in reference to then New York Giants' manager John McGraw's calling the team a "white elephant".[1] This was embraced by the team, who then made a white elephant the team's mascot, and often incorporated it into the logo or sleeve patches.

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Q: Why are the Oakland Athletics called the white elephants?
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