Floyd – an African-American man – died in police custody in Minneapolis last month, sparking protests against police brutality and racial injustice across the United States and beyond.
A police officer was filmed kneeling on Floyd's neck during an arrest after he was crying out for help as he was handcuffed and pinned to the ground.
Minnesota's MLB franchise – the Twins – have made a significant contribution, owners the Pohlad family announced on Wednesday.
"Black people have experienced oppression and racism for far too long in this country," said Bill Pohlad, president of the Pohlad Family Foundation.
"We condemn racism in all its forms, and we are firmly committed to helping to enact meaningful change. We know this will take time and effort, and we are committed to this work beyond this seminal moment in our country's history."
Minnesota's NFL team – the Vikings – also donated $5m to social justice causes midweek, with contributions from this fund to be determined in part through collaborations with players.
Vikings owner and president Mark Wilf said: "We continue to be inspired by these players as they advocate for transformational change in this very challenging moment.
"We are proud of their efforts to use their platform in an effort to end deep-seated social injustices. Their thoughtful approach and our conversations with them have deeply moved us, certainly in large part because of our family's history and long-standing commitment to human rights, but also because of their steadfast dedication to not sit idly by when they have the ability to make a difference."
Funds will be directed toward organisations that fight hate, racism and inequality.
"Our organisation and the players have shown a commitment to these causes over the last several years, but we know we need to and can do more," Vikings owner and chairman Zygi Wilf said.
"We want this investment to support the many diverse and meaningful social justice efforts throughout our country, but it can only be one piece of our overall work toward having a sustainable impact. Our actions within our communities will be the driving force for creating profound change."
The Minnesota Twins removed a monument of Calvin Griffin from the grounds of their home stadium of Target Field as a response to insensitive remarks he made about African-Americans during a speech in 1978. In the nation's capital, Washington officials ordered the removal of a statue of George Preston Marshall that stood outside the Redskins' former home of RFK Stadium.
Marshall had a long-standing policy of refusing to sign black players for the majority of his ownership of the Redskins, which lasted from the franchise's inception in Boston in 1932 until his death in 1969. The Redskins did not sign a black player until 1962 after being pressured by both the city and national government.
"We believe that injustice and inequality of all forms is reprehensible and we are firmly committed to confronting unequal treatment and working together toward healing our city and country," Events DC, the convention and sports authority for the District of Columbia, said in a statement. "Removing this statue is a small and and overdue step on the road to lasting equality and justice.
"Allowing the memorial to remain on the RFK campus goes against Events DC's values of inclusion and equality and is a disturbing symbol to many in the city we serve."
The Marshall monument had previously been vandalised by protesters advocating the Redskins change the team name, viewed by many as disparaging towards Native Americans.
Griffith, who moved the Washington Senators to Minnesota in 1961 and remained the Twins' principal owner until 1984, was quoted by the Minneapolis Tribune as saying he relocated the franchise "when I found out you only had 15,000 blacks here." The comments were made during a speech at a Lions club event in Waseca, Minnesota in 1978.
"While we acknowledge the prominent role Calvin Griffith played in our history, we cannot remain silent and continue ignoring the racist comments he made in Waseca in 1978," the Twins said in a statement. "His disparaging words displayed a blatant intolerance and disregard for the Black community that are the antithesis of what the Minnesota Twins stand for and value.
"Our decision to memorialise Calvin Griffith with a statue reflects an ignorance on our part of systemic racism present in 1978, 2010 and today. We apologise for our failure to adequately recognise how the statue was viewed and the pain it caused for many people - both inside the Twins organisation and across Twins territory. We cannot remove Calvin Griffith from the history of the Minnesota Twins, but we believe removal of this statue is an important and necessary step in our ongoing commitment to provide a Target Field experience where every fan and employee feels safe and welcome."
The Twins' actions come amid still-heightened tensions in the Twin Cities following George Floyd's death while in custody of Minneapolis police last month, and took place on Juneteenth - a holiday commemorating the day the U.S. government publicly declared slaves to be free on June 19, 1865.
