Aug 28, 2012, 9:33 AM EDT
We talked about lucrative local TV rights yesterday. Let’s talk national: ESPN just agreed to pay Major League Baseball nearly double what it’s paying now to keep baseball rights through 2021:
ESPN has agreed to a deal that locks down MLB rights into the next decade, according to several sources. The eight-year deal is worth $5.6B (an average of $700M per year), approximately doubling the nearly $306M ESPN currently pays MLB every year for domestic TV rights.
That includes digital, radio and, for the first time, the playoffs: one wild card game. Otherwise the deal is basically the same: Sunday Night Baseball and Monday and Wednesday night games.
The current deals with ESPN, Fox and TBS are in place through the end of the 2013 season. As the New York Times reported in July, there is a frenzy afoot, with those three outlets still wanting to keep their games, plus NBC wanting to get in on the action. Clearly those remaining will be in frenzied bidding for the Saturday and Sunday afternoon games, the postseason and any other national products that may be added over and above what exists now.
That’s a recipe for skyrocketing rights fees. And we just saw the first rocket launched.
UPDATE: Putting this money in perspective. Short version: windfall.
Sep 29, 2014, 11:36 PM EDT
Rodriguez had to settle for a one-year, $3.25 million contract before the beginning of spring training and began the season in a set-up role, but he ended up with a 3.04 ERA with 73/18 K/BB ratio over 68 innings while going 44-for-49 in save chances.
Sep 29, 2014, 10:25 PM EDT
After being limited to 16 starts last season, Buchholz managed to make 28 starts this year, but he saw his ERA jump from 1.74 to 5.34 in the process.
Sep 29, 2014, 9:20 PM EDT
Castillo landed a seven-year, $72.5 million contract with Boston in August and batted .333 (12-for-36) with two home runs, one double, and three stolen bases during his first taste of the majors earlier this month.
Sep 29, 2014, 8:40 PM EDT
Roark has a 2.57 ERA in 252 innings as a big leaguer.
Sep 29, 2014, 8:14 PM EDT
The Mariners gave Hart a one-year, $6 million deal last winter in hopes that he would be able to get his career back on track after multiple knee surgeries cost him the entire 2013 season, but he batted just .203 with six home runs and a .590 OPS over 68 games this season.
Sep 29, 2014, 7:49 PM EDT
Joe Girardi says “we have to see where he’s at.”
Sep 29, 2014, 7:29 PM EDT
Plouffe is expected to be ready for spring training.
Sep 29, 2014, 6:45 PM EDT
Gardenhire will be paid by the Twins in 2015 as part of a two-year contract signed exactly one year ago tomorrow.
Sep 29, 2014, 6:21 PM EDT
Josh Hamilton has been limited to just one game since September 4 due to right shoulder, chest, and rib cage injuries, but he’s still hopes to be ready for the upcoming division series.
Sep 29, 2014, 5:47 PM EDT
Lewis has been with the Rangers since 2010.
Sep 29, 2014, 5:30 PM EDT
Hey, Joe. Whaddaya know!
Sep 29, 2014, 5:05 PM EDT
A good attendance season for MLB. Not the best, but still strong.
Sep 29, 2014, 4:46 PM EDT
Roenicke has a 335-313 (.517) record in four seasons as the Brewers’ manager.
Sep 29, 2014, 4:36 PM EDT
The former Diamondbacks manager gets a second chance.
Sep 29, 2014, 4:20 PM EDT
Craig had a season unlike any other first baseman or corner outfielder in 70 years.
Sep 29, 2014, 4:01 PM EDT
Here’s how far Edinson Volquez has come in one year: Last season he posted a 5.71 ERA and allowed the most earned runs in the league.
Sep 29, 2014, 3:40 PM EDT
Part Two of our handy guide to help you pick a team to root for in the event your team is not in the playoffs.
Sep 29, 2014, 3:15 PM EDT
For a few years there, I saw it as my personal mission to the spread the gospel of Ron Gardenhire.
Sep 29, 2014, 3:05 PM EDT
If your team is eliminated, what do you do? Let us help.
Sep 29, 2014, 2:48 PM EDT
“I’ve been playing this game since I was five years old.”
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