• Loading stock data...
Tuesday, July 16, 2024

DSG Looks To Shed Even More Team Rights

  • New court filing by bankrupt company suggests return of MLB team rights
  • Reorganization efforts involving aggressive recalibration of programming, costs
Bally-Sports
Bally Sports

The bankrupt Diamond Sports Group began the week with a dramatic deal with the NBA to return all its team rights to the league at the end of the 2023-24 season. 

Now, similar efforts could be developing with the NHL and MLB, too.

The Bally Sports parent company’s proposed cooperation agreement with its lenders — an important step in Chapter 11 reorganization efforts — anticipates a similar deal with the NHL, and the company said it’s working on a modified set of rights agreements.

DSG’s latest filing with a U.S. bankruptcy court in Texas, however, suggests perhaps the most dramatic step yet in its programming recalibration: a potential loss of all its MLB rights after the 2024 season. 

As MLB has pressed for answers on DSG’s 2024 plans and stands ready to handle production and distribution for as many as 16 teams, DSG said final resolution on that topic will arrive by the end of the year — with perhaps more dramatic steps for 2025.

“These actions give MLB and its clubs the clarity they demand in their objection concerning the future treatment of their telecast rights agreements and give them time to transition to another broadcast partner before the start of the 2025 MLB season,” DSG said in its filing.

DSG’s problems are also causing increasing issues around MLB team payrolls.

Seismic Shifts

If DSG parts with all NHL and MLB team rights as with those of the NBA, the company would then be forced to start over and rebuild its RSN business essentially from scratch. Such a move, however, would permit DSG to do that on entirely different economic terms, reflecting a more current market reality defined by cord-cutting.

“Since well before the commencement of these Chapter 11 cases, the debtors have made every effort to position themselves for the next phase of sports media distribution,” DSG said.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Teoscar Hernandez Wins $1 Million at Home Run Derby

The Derby is one of the most lucrative skill contests in sports.
Jul 4, 2024; Bronx, New York, USA; New York Yankees right fielder Juan Soto (22) reacts after hitting a two run home run in the seventh inning against the Cincinnati Reds at Yankee Stadium.

The $500 Million Juan Soto Question Lingers at MLB’s All-Star Game

Yankees superstar could attract second-largest player contract in U.S. team sports history.
Apr 29, 2024; Baltimore, Maryland, USA; Baltimore Orioles shortstop Gunnar Henderson (2) swings through a first inning solo home run against the New York Yankees at Oriole Park at Camden Yards.

The Home Run Derby Has Become a Big Business Opportunity

New format, narrowing gap with All-Star Game ratings highlight the event’s importance.
Jul 14, 2024; Miami, FL, USA; fans rush the gates before the Copa America Final match between Argentina and Colombia at Hard Rock Stadium.

Copa América Fallout: Greater Logistical Challenges Await 2026 World Cup

Argentina beat Colombia after unticketed fans entered the stadium.
podcast thumbnail mobile
Front Office Sports Today

Formula E is Powering Its Own Future

0:00

Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
July 11, 2024

Will They or Won’t They? TNT Must Match Bids or Say Goodbye to NBA

A spurned media partner has sued the league before.
July 12, 2024

Copa América Gets Near-Ideal Miami Final After Sometimes Rocky Tournament

Argentina and Colombia face off Sunday evening.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 10, 2024

‘Where’s truTV?’ March Madness Channel Is Now TNT Sports’ New Star

Warner Bros. Discovery will make its sports emphasis on truTV ‘even more pronounced and consistent.’
July 10, 2024

NBA Agrees to $76 Billion in Media-Rights Deals, but TNT Still Looms

Welcome back, ‘Roundball Rock.’ Farewell, ‘Inside the NBA’?
Stadium with NFL logo at the mid-field line
July 10, 2024

‘Nonsensical’: NFL Blasts Massive Jury Award in Latest Sunday Ticket Case Filings

The league asked for a new trial and called the damages ‘indefensible.’
May 2, 2015; Las Vegas, NV, USA; Referee Kenny Bayless (center) separates Manny Pacquiao (left) from Floyd Mayweather during their boxing bout at the MGM Grand Garden Arena. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports
July 9, 2024

The Most Watched Boxing Matches Ever

The most-watched boxing match was the 2015 bout between Floyd Mayweather and Manny Pacquiao which drew 4.6 million PPV buys.