“The current costs associated with performing under the Diamondbacks agreement outweigh the revenues the debtors are able to obtain through broadcasting Diamondbacks games."
While the payment for five seasons has now been determined, the next step will be coming to terms on payments for the five-year periods of 2017-2021...
"As with the Padres, MLB will stand ready to make games available to fans if Diamond fails to meet its obligations.”
"I’m going to put the entity into bankruptcy and then I’m going to selectively reject contracts."
"I do anticipate that eventually, most, if not all the industry, will move in the direction that we’re moving right now, and you won’t have [us]...
"That prematurely ends a 20-year, $1.2 billion deal that was set to run through 2032, and just how the Padres will recoup the $60 million per...
"Reinsdorf has explored launching his own regional sports network at various points in the past."
"The company has a grace period to deliver the payment that runs through May 30."
“Bloomberg reported that MLB is considering taking local broadcast rights back.”
“Right now, there is a large amount of people who don’t see games in their home markets. That’s not good for the sports leagues.”
