The Angels have agreed to a new deal with Fox Sports worth at least $3 billion and expected to cover 20 years, two parties familiar with the deal said Thursday. The parties declined to be identified because the deal has yet to be officially announced.
Spokesmen for Fox and the Angels declined to comment.
Moreno last year opted out of a 10-year, $500-million contract with Fox, according to sports media consultant and former NBA TV President Ed Desser.
Desser, testifying Thursday in the Dodgers’ bankruptcy case, said the Angels and Fox agreed at the time to a one-year extension while the parties negotiated a new deal.
The Rangers agreed with Fox last year on a new contract worth an average of $80 million per year. The Angels’ deal is expected to top that in average annual rights fees — the rejected Dodgers’ deal had an average annual rights fee of about $85 million — and include an ownership stake in FSW.
The timing of this with the Pujols signing is curious. I wonder if Arte prodded Fox into upping the rights fees once he had Pujols in the fold. This would be much cooler if Fox was paying for an investment in the team, than Arte taking his windfall and turning around and spending it.
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