SATURDAY, 9:54am: The Phillies' ownership stake in CSN Philadelphia will stand at 25% under the new deal, report John Ourand and Eric Fisher of Sports Business Daily, though it is not known what the team's previous position was. The rights fee will be paid out on a schedule that increases about 3 to 4% per year, averaging out to $100MM per season over the 25-year term.
FRIDAY, 1:38pm: The Phillies' new deal with Comcast SportsNet is for 25 years, according to MLB.com's Todd Zolecki. The contract is worth $2.5 billion in addition to an equity stake and ad revenue, tweets Matt Gelb of the Philadelphia Inquirer.
THURSDAY, 9:26pm: The Phillies have agreed to a new local TV contract with Comcast SportsNet, David Murphy of the Philadelphia Daily News reports. A CSN spokesperson confirmed the deal in an e-mail to Murphy. Terms of the deal weren't announced, but Kevin Cooney of the Bucks County Courier Times reports that the contract is between 20-25 years in length and is worth a "massive" amount of money, according to a source. The Phillies were already getting roughly $35MM per year in their current deal with CSN, and the new contract will begin once the current deal expires following the 2015 season.
Given the length of the new deal, the Phillies seem set to be the latest team to earn over $1 billion from their TV rights. As Murphy notes, however, it's too soon to know how the extra revenue will impact the club's player payroll, as the Phils have (if anything) seemingly been looking to trim payroll though they knew this TV windfall was in the offing.