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.
- Orioles acquire outfielder Travis Snider from Pirates 11
- Not so fast on the Bud Selig Hall of Fame talk 44
- Blue Jays sign president and CEO Paul Beeston to extension through 2015 26
- Reds sign four-year contract extension with Devin Mesoraco 11
- The Yankees are going to try to get out of paying A-Rod his contract incentives 82
- How Commissioner Rob Manfred Can Make Baseball More Appealing 60
- Blue Jays cut off talks for Orioles executive Dan Duquette 48
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts 118
- Bud Selig: The Greatest Commissioner in the History of Baseball (146)
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts (118)
- Why “Deflategate” would never happen in baseball (92)
- The Yankees are going to try to get out of paying A-Rod his contract incentives (82)
- Comments of the Day: some of you guys aren’t big Bud Selig fans (77)