May 29, 2013, 2:30 PM EST
The Dodgers made big news a couple of months ago when they agreed to a whopping $7 billion TV deal with Time Warner. The deal has not become official yet because the Dodgers had not submitted it to MLB for review, fearing that it might not be approved because it attempts to shield more money from revenue sharing than is typically allowed.
The New York Post reports that those fears have forced a reworking of the deal. It still pays out $7 billion, but around a billion more than expected is going to go towards revenue sharing. There are some fears, the Post reports, that this could impact the Dodgers’ ability to meet its debt service obligations. Which, my heavens, how on earth could that ever happen to an owner of the Los Angeles Dodgers?
In other news, the Post reports that the team’s owners may have used money from their insurance company holdings to finance the purchase of the team, which is a no-no and may cause them to have to move more money back to the insurance side.
Gee, it’s almost as if buying a baseball team for $2 billion was a risky and complicated endeavor.
- Aramis Ramirez says 2015 will be his last year 29
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 283
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 50
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks 131
- Rob Manfred says a return to a 154-game season could happen one day 67
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (283)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)