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Sinclair Looking to Add Equity Stakes in Team Deals

The idea of offering equity stakes will help keep rights fees from increasing too high, Ripley said.

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Sinclair is in the midst of negotiating RSN rights deals with MLB teams and the company has offered insight as to how these deals get done, as reported by John Ourand of Sports Business Journal.

The Brewers, recently signed a multi-year deal last week, and the Marlins, who are currently without a local TV deal are negotiating with Sinclair.

“We have binding term sheets for all the teams that we had near-term expirations on, which include the Brewers and the Marlins,” Sinclair President & CEO Chris Ripley said on his company’s earnings call on Wednesday. “Both included equity participation, which … we prefer because it variablizes more of the compensation, and aligns interest.”

The idea of offering equity stakes will help keep rights fees from increasing too high, Ripley said. “When you give a team equity consideration as part of the mix, it’s in lieu of cash fixed rights payments. It’s really just a rights payment, but in a different form and a different sort of risk return dynamic for them.”

It’s not surprise that the market for sports media has been difficult throughout the pandemic and Sinclair’s quarterly earnings report reflects that.

According to Octagon’s Dan Cohen, “delays in the 2021 NBA and NHL season openers resulted in a $46 million Q4 loss for Sinclair. Lost game inventory in 2020 also resulted in distributor rebates that ran to $420 million, “up $49 million from Q3 estimates.”

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Report: NFL to Put Christmas Day Doubleheader Up For Bids

Bidding is expected to start at $50 million among the current NFL media partners but some think the games could sell for $75 million to $100 million apiece.

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The NFL will reportedly put its Christmas Day games up for auction, allowing its current media partners to bid for the games. Now, it’s up to CBS, FOX, ESPN, NBC, and Prime Video to pay up for rights to one of these two marquee games.

According to Front Office Sports Michael McCarthy, preference will be given to linear networks, so Prime Video and Peacock may sit this one out. Bidding is expected to start at $50 million but McCarthy and his sources expect that number to rise. John Kosner, the former ESPN executive, thinks the new Christmas Day games could sell for $75 million to $100 million apiece.

The NFL announced a Wednesday Christmas Day doubleheader during its annual league meetings. The league originally said it wouldn’t force games on Christmas Day if the holiday fell on an odd day of the week, though as the NFL continues to put games on days outside of Sundays, Mondays, Thursdays, and sometimes Saturdays, we’re running out of days that don’t feature NFL football.

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Colorado Rockies & DirecTV Reach Agreement to Carry Games on TV

“Colorado sports fans have made DIRECTV the top destination for their favorite local teams. We will continue to work with MLB…so fans can get their games.”

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Breathe easy, Rockies fans — you will be able to watch your club on linear TV this year. At the buzzer, DirecTV and the Colorado Rockies agreed on terms to distribute the team’s games throughout its local service.

Starting today, DirecTV Choice subscribers across Colorado, Utah, Wyoming, Southern Idaho, Western Nebraska, and Northern New Mexico can now watch the Rockies on a special channel simply titled, “ROCKIES.” The games will be available on DirecTV and DirecTV STREAM via channel 683.

“Colorado sports fans have made DIRECTV the top destination to get all their favorite local teams,” said Rob Thun, chief content officer of DIRECTV. “We will continue to work with MLB, the NBA, NHL, and other top leagues and their local franchises so the most avid fans can get the games they want while other customers have more choice over the content they want to pay to have in their homes.”

Reports just days ago out of Colorado said there were “no guarantees” the Rockies would not find a TV home in time for Opening Day following the sunsetting of AT&T SportsNet. The only other way to watch the team is to use its direct-to-consumer Rockies.tv streaming service, which fans say is too pricey for a team that lost 103 games last season. Luckily, the team was able to secure a TV home for 2024, though the future is still uncertain.

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Erin Andrews Reveals Infertility Journey in Emotional ‘Today Show’ Interview

FOX reporter Erin Andrews sat down with ‘The Today Show’s’ Kristen Welker to discuss her journey, how Welker’s own journey inspired her, and more.

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FOX reporter Erin Andrews shared her story of infertility and surrogacy with NBC’s Today Show. Last summer, Andrews and her husband welcomed a baby boy via surrogate after trying for a decade to get pregnant via IVF, during which she was diagnosed with cervical cancer in 2016. Today, she sat down with Kristen Welker to discuss her journey, how Welker’s own journey inspired her, and more.

Andrews says Welker’s announcement on the Today Show made her think a baby could be possible. “I remember Kristin Welker’s announcement on your show,” Andrews said last year, “and I actually watched that the morning Mac was born, because that just hit me.”

When they finally sat down, Welker asked Andrews why her journey resonated with the sports reporter so much:

“Because I see myself in you. Kristen, the video of you moderating debates after you’re waiting on bad news or maybe you just received it, that’s me. I can tell you every stand-up I’ve done at a football game where I’ve gotten the news that it didn’t work. I’d be talking about Tom Brady going for this record and my record is that I still was failing…I would have chest pains every time I was waiting for the call if it worked, and I knew it wouldn’t work.

Erin Andrews on ‘Today’

Andrews knew surrogacy was the only path to having a child. Although her family’s first attempt failed, her second attempt was a success, and she got to hear her child’s heartbeat for the very first time. The pair discuss the complex emotions that come with surrogacy, saying that bonds with their child could be affected because they didn’t carry their child. However, Welker assured Andrews that those feelings go away once you can talk to your child.

Once her son was born in June, who Andrews called, “a miracle,” she then talks about her child glowingly, talking about how he is just like mom — vocal. “He’s all me,” she says.

Andrews supports Baby Quest, a non-profit that grants money to families in need of IVF or surrogacy to have a baby but don’t have the funds to pursue these expensive treatments. Both Andrews and Welker acknowledged how difficult and unattainable their journies are for some families — and Andrews even used the NFL’s “My Cleats, My Cause” initiative to raise awareness for her cause.

“People don’t need to feel embarrassed that they have a surrogate or are looking for other help,” Andrews said.

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