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.
- Justin Upton traded to the Padres for three prospects 58
- Bud Selig will get a $6 million a year pension. Which is obscene. 88
- Jake Peavy agrees to a two-year, $24 million deal to stay with the San Francisco Giants 13
- Matt Kemp has officially been traded to the Padres 28
- Padres acquire catcher Derek Norris from Athletics 35
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site 89
- What will the future of Cuban players in MLB look like? 25
- Royals sign Edinson Volquez for two years, $20 million 29
- Baseball’s highest-ranking Hispanic woman employee sues for discrimination (163)
- The United States will seek to normalize relations with Cuba (144)
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- Rays, Padres, Nationals agree to 11-player trade (97)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)