• Loading stock data...
Tuesday, November 5, 2024
The Best Employers in Sports survey is open through Nov. 6 Learn More

Rangers Next In Line As Diamond Faces Deadlines on MLB Rights Fees

  • Bankrupt parent of Bally Sports faces set of upcoming rights fee decisions
  • MLB poised to step in to produce, distribute teams’ games
Raymond Carlin III-USA TODAY Sports

The Texas Rangers could be the next MLB team cut loose by the bankrupt Diamond Sports Group, accelerating the league’s reckoning with regional sports networks.

Diamond’s Bally Sports has until Thursday to decide whether it will pay the full rights fee due to the Rangers after a recent court ruling — or reject the rights, as it did in a similar case involving the San Diego Padres last month.

DSG, which is owned by Sinclair Broadcast Group, signaled in a new court filing that the question is decidedly unresolved: “The debtors are in the process of determining whether to assume or reject one or more of the agreements. Those decisions are complex and involve numerous factors.”

The company must also decide by July 1 whether to pay the Arizona Diamondbacks, Cleveland Guardians, and Minnesota Twins money promised in their respective broadcast agreements.

The Rangers decision, however, will speak volumes to DSG’s larger reorganization plans, as the Dallas-Fort Worth media market is the country’s fifth-largest, easily outdistancing Phoenix (11th), Minneapolis (15th), and Cleveland (19th). If DSG walks away from the Rangers, more such rejections are almost certain to follow.

MLB has been producing and distributing Padres games for the last two weeks and would similarly step in for the other teams.

The Rangers — who are currently in first place in the AL West after six straight non-playoff seasons — are among MLB’s biggest surprise stories this year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 30, 2024; New York, New York, USA; New York Yankees pitcher Gerrit Cole (45) reacts after a play during the fifth inning against the Los Angeles Dodgers in game five of the 2024 MLB World Series at Yankee Stadium.

Gerrit Cole Reverses Opt Out, Stays With Yankees. What’s Next?

Discussions will now start on a potential contract extension to finish his career in New York.

New Era, New Chaos? New CFP Team Rankings Explained

The new College Football Playoff system’s complexities might confuse some college football fans.

Super Bowl Ads Sell Out Three Months Early, at Record Price

Ad units are believed to be selling at more than $7 million per 30 seconds.

Embiid’s Clash With Reporter Sparks NBA Probe, Concerns for Sixers

The former NBA Most Valuable Player angrily confronts and shoves a local columnist.
podcast thumbnail mobile
Front Office Sports Today

Surprising Start to MLB’s Offseason

0:00

Featured Today

Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.
October 31, 2024

The Untapped Revenue ‘Powder Keg’ of Women’s NFL Fandom

There’s a “boatload” of money at stake for brands and the league.
Donald Trump holding a basketball in the White House
October 30, 2024

Mavericks Owner’s $100 Million Trump Donation Dwarfs All Other Sports Owner Political Giving

Dr. Miriam Adelson is one of the most powerful donors in U.S. politics.

Sports Drive Fox Corp.’s Revenue Despite Election Ad Overload

The Fox Sports parent posted increases in revenue and earnings.
Fubo-TV
November 1, 2024

Fubo Reports 9% Subscriber Growth As Venu Sports Trial Looms

The sports-focused streamer grew revenue by 21%.
Tom Brady
November 4, 2024

Tom Brady Won’t Be Punished for Criticizing Packers-Lions Ejection

The “Brady Rules” faced their biggest test so far after Sunday’s broadcast.
Sponsored

World Series Delivers High-Demand Marquee Matchup

The hype around the World Series matchup drove ticket prices to record levels—but the Dodgers’ dominance quickly quieted the fervor.
Adam Schefter
November 1, 2024

Adam Schefter Uses Same Pirated NFL Clips As Everyone Else

ESPN’s NFL insider posted a video from an illegal stream Thursday night.
October 31, 2024

World Series Delivers 7-Year Ratings Record, Marking MLB’s Big Comeback

Viewership of the five-game win by the Dodgers soared by 74% over last year.
October 31, 2024

Comcast’s Olympic Gold: Paris Games Spark Surge in Peacock Subscribers

Company revenue and Peacock subscriptions rise thanks to a big Olympics boost.
October 30, 2024

World Series Game 4 Draws 16.7M Viewers, Up 92% From 2023

The average audience of 16.7 million nearly doubles the comparable figure from last year.