Nov 26, 2012, 8:06 AM EDT
We can make all the jokes we want about the Dodgers signing everyone and making the mid-2000s Yankees look like misers and all that jazz, but they won’t care. Why? Because their TV deal is going to be bonkers, it seems. Bill Shaikin reports:
Fox Sports could pay at least $6 billion to retain the Dodgers’ television rights, three parties familiar with the negotiations said Sunday. The deal could be worth three times what the Dodgers’ new owners paid for the team and almost 20 times the value of the Dodgers’ current television contract.
Perspective: the Dodgers currently rake in about $29 million a year in local TV money. This deal would bring them about $240 million a year, on average, over the life of the deal. In other words, with just the increase in TV revenue, they could add, like, eight A-Rods to the roster. So, no, when they sign Zack Greinke, you need not shed a tear for their financial well being.
Fox, on the other hand, maybe worry about them. Because these rights deals are getting insane and eventually the bubble is going to burst, right? And some network is going to have … um, whatever goo makes up TV rights bubbles splash all over them. Perhaps it’s a soapy mixture of some kind. Comes with a wand.
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