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The Dodgers are going to see a billion less than they expected on their TV deal

May 29, 2013, 2:30 PM EDT

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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.

  1. sabathiawouldbegoodattheeighthtoo - May 29, 2013 at 2:58 PM

    Magic will make it all better. You just watch and see.

    • kingscourt25 - May 29, 2013 at 3:35 PM

      They’re still getting $7 billion for a TV deal. I think he has made it all better.

    • stlouis1baseball - May 29, 2013 at 4:57 PM

      Yep…just like ole’ Magic predicting the Heat beating the Pacers (4 – 1) prior to last nights game.
      Sorry. I know. Basketball. Put I am proud of my Pacers!

  2. onbucky96 - May 29, 2013 at 3:36 PM

    Aw, instead of 7billion its only 6billion. Time to shop at Wal-Mart instead of Macys. Rich bastards…

    • 18thstreet - May 29, 2013 at 4:36 PM

      They really should have offered the cable companies a hometown discount.

  3. stex52 - May 29, 2013 at 4:25 PM

    Ask the Astros about this. New ownership closed the deal, counting on that cash flow. Guess what? Other cable networks refused to pay a surcharge for cable broadcast and the network is going broke. We talked last year about these big deals being a bubble. I wonder, does the Dodgers’ network have a lock on broadcast rights with alternate providers? It might be less than 6 Billion$, too.

  4. xpensivewinos - May 29, 2013 at 4:46 PM

    That ringing you hear is Ned Colletti calling the Red Sox………..hoping they’ll take that expensive garbage back.

  5. giantssb42champs - May 29, 2013 at 4:54 PM

    Rounding error.

  6. manchestermiracle - May 29, 2013 at 6:34 PM

    Great, another $1B tit for Loria to suck on.

  7. jkaflagg - May 30, 2013 at 12:09 AM

    Another reason to thank Frank McCourt…..back in the day, the rich white guy owners could conduct their business in relative isolation, with no pesky reporters bothering to question who’s money was being tossed around….

    Although I guess it’s really Jamie McCourt who we should be thanking…..

  8. brianc6234 - May 30, 2013 at 4:58 PM

    Their deal better not get approved unless every cent is up for revenue sharing. Don’t let the Dodgers cheat Major League Baseball like that. If they have a rule you have to share some of the money there shouldn’t be any funny business.

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