May 20, 2011, 10:47 AM EDT
Three weeks ago Padres chief executive officer Jeff Moorad revealed that the team had “several active discussions going on at the moment” for a new television contract and now John Maffei of the North County Times has the details.
According to Maffei the Padres are close to signing a new deal with FOX “that will net the club between $25-30 million a season, a sizable increase over what the team is receiving from Channel 4 San Diego.”
Maffei reports that the deal could be for as long as 20 years and FOX may create an FSN San Diego channel to feature the games. Currently the Padres receive about $15 million per season for their television rights, so an increase to $30 million per season could have a dramatic impact on a payroll that is fourth-lowest in baseball at $46 million.
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