Looks pretty good for us!
http://www.ajc.com/news/sports/baseball/liberty-ceo-reworked-tv-deals-mean-in-the-order-of/nfrfr/
http://www.ajc.com/news/sports/baseball/liberty-ceo-reworked-tv-deals-mean-in-the-order-of/nfrfr/
$500M in extra revenue over the life of the contract. The key missing piece of information is how long the life of the contract is. The old contract had about 15 years left on it. So I would guess they extended it by about 10 years. This means 500M in extra revenue over 25 years, with 10 of those years being fresh extension years. So lets say 30M/year over those ten fresh years and an extra 15M/year for the renegotiated 15 years. So my guesswork would imply near-term revenues get boosted about 15M/year. Maybe a little less. Teams tend to spend about half of revenues on player payrolls. That's the history excluding the collusion years.
And that is HUGE. It literally changes the future of the whole organization. Really have to be excited about this.
The revelation that these deals were reworked last year explains all of the long-term contracts.
The revelation that these deals were reworked last year explains all of the long-term contracts.
Forget Ervin Santana.
Hello, David Price.