As Diamond Sports Group seeks to emerge from Ch. 11 bankruptcy and nears a Saturday deadline to agree to a reorganization plan with its creditors, the regional sports network operator has reportedly made a final offer to the National Basketball Association and National Hockey League. With the start of the regular season approaching for both leagues, the company is looking to slash its local broadcast fees for NBA and NHL games by up to 20%, respectively, to avoid liquidation in today’s dynamic sports media ecosystem.
The Sinclair Broadcast Group subsidiary has $9 billion in debt and owns the broadcast rights to 27 teams across the two professional sports leagues, not to mention an additional 12 Major League Baseball teams. Earlier in the year, the company ceded rights for San Diego Padres and Arizona Diamondbacks games, which have been produced by MLB’s local media department over the last several months.
Diamond Sports Group pays the NBA approximately $600 million annually in broadcast rights, according to the report from the New York Post, while specific financial metrics pertaining to the NHL are unknown. Both leagues are reportedly inclined to take the deal, which would give the company the ability to avoid liquidity for another year, according to a source. Based on the intel, it seems the leagues are not prepared for the magnitude of this kind of shakeup, which could have resounding effects on competitive balance. After all, Major League Baseball paid both the Padres and Diamondbacks at least 80% of what was owed to them from the Diamond deals in order to maintain this ability.
Another source, however, emphasized that it believes the reorganization will ultimately result in the liquidation of Diamond Sports Group. Other sources concurred that Diamond will ultimately shutter, but not before making money from some of its more profitable contracts. The Milwaukee Bucks and New Orleans Pelicans received rights payments prior to the Sept. 1 deadline, and the company also recently inked a multi-year extension with the Los Angeles Kings.
Diamond Sports Group originally sought to institute a Nov. 9 deadline; however, that request was denied by a bankruptcy court. The NHL also asserted in August that it may look for emergency relief to forgo contracts if no plan is reached. While specific contingency plans for the NHL are largely unknown, the NBA is prepared to produce games for affected teams itself, along with assuming responsibility for negotiating linear distribution means and selling advertising.
The company had been in negotiations with Comcast that recently came to a close, ending in a one-year agreement between the two sides. Moreover, Diamond and DIRECTV have reportedly come to terms on a new deal before its cessation next month, which ensures that its users will still be able to access local broadcasts of their favorite teams. Significant carriage negotiations with Charter Communications are still forthcoming since the existing contract expires in February.
Diamond Sports Group is also suing its parent company, Sinclair, Inc., affirming that it received $1.5 billion because of misconduct. Sinclair, which reported its own 8% year-over-year (YoY) decline in revenue, insinuated that its subsidiary will not emerge from bankruptcy.
SEC Commissioner Tells Pat McAfee Someone at ESPN Leaked 2024 Schedule Without Permission
“We were trying to protect it. Someone at ESPN apparently leaked it.”
SEC Commissioner Greg Sankey isn’t particularly thrilled that his new top broadcast partner leaked a portion of next year’s schedule a bit early.
During an appearance on the Pat McAfee Show, which just so happens to be an ESPN property, Sankey mentioned his displeasure at the Worldwide Leader for leaking a portion of the 2024 SEC schedule early. According to Sankey, the league and the network agreed to release the schedule together in the near future.
“We were trying to protect it,” Sankey said. “Someone at ESPN apparently leaked it,” according to Yahoo Sports college football reporter Ross Dellenger.
While leaks in the media space are hardly a new phenomenon, especially when it comes to something as desirable as a football conference’s yearly schedule, a leak this early in the newly-formed ESPN-SEC relationship is less than ideal. Starting next season, ESPN will take over as the SEC’s primary broadcast partner, assuming the position CBS had long held for decades.
In the leaked portion of the schedule, the Georgia Bulldogs and Alabama Crimson Tide will play in the regular season for just the third time in the past 15 years. We also know the Bulldogs will play the debuting Texas Longhorns in Texas, while the Tide will play the other Oklahoma Sooners on the road.
Jeff Kotuby is a nationally-published journalist with bylines on many popular broadcasting and pop culture sites, including The Streamable, eBaum’s World, Twin Galaxies, and more. Jeff grew up in the shadows of New York City and cultivated his love for sports media with the classic broadcasting voices of the area, like Mike & The Mad Dog, Mike “Doc” Emerick, and Michael Kay. You can reach Jeff on Twitter @JeffKotu3y.
Jim Boeheim Making Analyst Debut on ACC Network, Joining The CW
Former Syracuse Orange basketball head coach Jim Boeheim will make his debut as an analyst on Saturday, Dec. 2 on the ACC Network. Boeheim will be on the broadcast for the matchup between Florida State and North Carolina at 2 PM ET featuring play-by-play announcer Wes Durham and sideline reporter Cory Alexander.
Boeheim will make his studio debut on Tuesday, Dec. 5 during halftime of the men’s prime-time doubleheader games on the day – which consists of Central Connecticut against Boston College at 6 PM ET, followed by Cornell taking on Syracuse at 8 PM ET.
On the program, he will be joined by host Kelsey Riggs and analyst Luke Hancock, and he will also remain on the air for the 10 p.m. edition of Nothing But Net, the network’s signature basketball show.
Additionally, Jim Boeheim also joined Westwood One and is reportedly set to work on The CW coverage of ACC basketball, debuting this Saturday with pre-taped segments during halftime of two conference games. News of Boeheim working with The CW was first reported by Mike Waters of Syracuse.com.
Boeheim departed Syracuse University after 47 seasons as a coach and holding an overall win-loss record of 1,015-441. He has the second-most wins at the Division I level in the history of college basketball, only being surpassed by former Duke head coach Mike Krzyzewski.
Dan Le Batard: I Thought Pat McAfee Would Grow College GameDay, But That Hasn’t Happened
Le Batard said McAfee is playing under a different set of rules than others at ESPN.
Pat McAfee has checked all the boxes Disney and ESPN leadership had when the former NFL punter brought his daily sports talk show into the fray, but one area where it seems like the waters aren’t so smooth for McAfee is in his reception as an analyst on College GameDay.
GameDay viewers have not shied away from making their feelings known that they don’t like seeing McAfee on the show, and Dan Le Batard has found the criticism quite interesting.
On The Dan Le Batard Show with Stugotz on Thursday, Le Batard said he thought having Pat McAfee on GameDay would continue taking the show to the next level, but it turns out he was wrong in some respects.
“And so they get McAfee and they give him a new set of rules,” Le Batard said. “But I thought that would result in College GameDay getting bigger and better. More popular. I underestimated the allegiance that the viewer has to David Pollack.”
“I’m reading him and everyone around him saying he’s a good teammate, they all love him, they’re all getting along with him,” Le Batard added. “He is effusive, he is such a positive person. He is effusive in his praise for the people on that sat. But now the numbers are coming back, and this is something that McAfee couldn’t have expected.”
Executive producer Mike Ruiz chimed in saying that a contributing factor in the changing conditions at GameDay is due to the mass layoffs and non-renewals of more expensive talent over the last couple years. He said there was going to be a natural need to switch things up after cutting ties with the likes of Pollack, Tom Rinaldi, and Chris “The Bear” Fallica.
“The format of the show when you take someone like that, you’re changing it,” Ruiz said. “You’re changing the emotional stories that made you cry in advance of a Purdue/Ohio State game. All that stuff starts going away. And now it’s not just going away, some of that stuff is going to FOX.”
Dan Le Batard responded saying he wasn’t trying to blame Pat McAfee for Big Noon Kickoff closing the gap on GameDay and negative fan feedback. But all of a sudden now that FOX can tout its pregame show continuing to grow and be a successful alternative to ESPN’s product, the narrative shifts.
“I always say perception is not reality, but when all you have is perception and fudged numbers, FOX is saying, ‘We’ve caught College GameDay. We’ve caught one of the most popular shows in the history of sports television,'” Le Batard said.
Jordan Bondurant is a features reporter for Barrett Sports Media. He’s a multimedia journalist and communicator who works at the Virginia State Corporation Commission in Richmond. Jordan also contributes occasional coverage of the Washington Capitals for the blog NoVa Caps. His prior media experiences include working for the Richmond Times-Dispatch, the Danville Register & Bee, Virginia Lawyers Weekly, WRIC-TV 8News and Audacy Richmond. He can be reached by email at [email protected] or follow him on Twitter @J__Bondurant.