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Thursday, February 19, 2015

Arizona Republic: Diamondbacks Ink Billion Dollar TV Deal

MLB is awash in dough:

The Diamondbacks became the latest team to cash in on baseball’s exploding local television market, agreeing to remain with Fox Sports Arizona under a contract that’s believed to be worth in excess of $1 billion. Sources would not provide details of the agreement, such as specific financial terms or even the length of the contract, but there are indications the deal is in line with expectations based on previous comments from club officials.

For months, team officials have said the club was discussing 15- and 20-year contracts and that a new deal would at least triple the annual value of the team’s previous agreement, which was set to run through this season. The previous deal is reportedly worth $31 million annually, which means even a 15-year deal would be valued at close to $1.4 billion if the club takes in three times as much per year.  .  . Nearly a third of major league teams have signed deals worth more than $1 billion since the Texas Rangers agreed to a 20-year, $1.7 billion deal in 2010.

 

The Yankee Clapper Posted: February 19, 2015 at 12:33 AM | 16 comment(s)
  Beats: arizona diamondbacks, money, tv rights

Wednesday, February 04, 2015

ESPN: Manfred Predicts Resolution Of MASN Dispute

How long did Jarndyce v. Jarndyce take?

“I’m not going to say a lot about MASN because it is in litigation,” said Manfred, who took over from Bud Selig on Jan. 25. “I will say this much. I think in reasonably short order, there will be a resolution of MASN, either by the litigation being done or some other mechanism.”

When the teams couldn’t agree on what the Nats’ rights fees should be, they appeared before MLB’s Revenue Sharing Definitions Committee: Pittsburgh Pirates president Frank Coonelly, New York Mets chief operating officer Jeff Wilpon and Tampa Bay Rays principal owner Stuart Sternberg.

The committee ruled last June 30 that MASN should pay the Nationals about $298 million from 2012-16, an average of just under $60 million—or approximately $20 million a year more than the current rights fee. When MASN didn’t comply with the arbitration award, the Nationals attempted to end the rights agreement.


 

 

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