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Diamond Sports Group

Reds, FanDuel Sports Network Reach New Broadcast Deal

By Anthony Franco | January 13, 2025 at 11:01pm CDT

The Reds announced this morning that they’ve reached agreement with Main Street Sports to handle their in-market local broadcasts for 2025 (link via Mark Sheldon of MLB.com). Main Street Sports is the new name for the broadcast company formerly known as Diamond Sports Group. The corporation rebranded after emerging from Chapter 11 bankruptcy in November.

Cincinnati games will continue on the FanDuel Sports Network, which had previously operated as Bally Sports Ohio. Despite the name changes, it’s essentially the same setup as in previous seasons. The main change for consumers is that fans can now stream games on the FanDuel Sports Network app in addition to viewing them on television.

This represents a change of plans for the Reds. Major League Baseball had announced in November that it would step in to handle Reds broadcasts in the Cincinnati area. That came after the broadcast corporation — then operating as Diamond — abandoned its previous contract with the team.

At the time, it didn’t seem the Reds were keen on negotiating a new deal that came with a revenue cut. They’ve reversed course. “Representatives of the former Diamond Sports and myself and Phil [Castellini, the team’s president] stayed in touch periodically since we made the decision to go to [MLB],” the team’s chief operating officer Doug Healy said in a statement. “Recently, as in the last few weeks, they approached us about re-engaging and discussing our 2025 broadcast rights.”

The Reds are the second team to revert to the FanDuel Sports Networks after previously planning to turn broadcasts to MLB. The Brewers did the same a couple weeks ago. In both cases, the team only agreed to a one-year deal. MLB has expressed skepticism about the broadcast corporation’s long-term viability despite its emergence from bankruptcy.

Unsurprisingly, the Reds did not reveal how much they’ll be paid on this contract. It’s almost certainly less than what they’d received under their previous TV deal, which reportedly paid around $60MM annually. However, Healy indicated that the new contract could have a slight impact on the organization’s player payroll.

“The deal with FanDuel does enhance our economics slightly. … It’s our goal to continue to give (GM Nick Krall) and his staff every available resource that the franchise has in 2025. Then it’s up to Nick how best to spend that,” the COO said. As recently as last week, Krall told reporters (including Gordon Wittenmyer of the Cincinnati Enquirer) that the front office had “a little bit (of payroll flexibility), not a ton.” That came after the Reds acquired Gavin Lux, who’ll make $3.325MM for his penultimate arbitration season. That pushed Cincinnati’s projected payroll to roughly $106MM, per RosterResource. That’s narrowly above the $100MM range at which they ended the ’24 season.

While Krall did not mention the TV situation at the time, he was presumably aware that negotiations were ongoing. It’s possible that Krall was already accounting for the “enhanced” economics that Healy referenced when saying that the team had limited flexibility. Still, Healy’s comments provide some hope for Cincinnati fans about the team potentially making a late-offseason addition. A splash for Jack Flaherty or Anthony Santander remains tough to envision, but the Reds were recently linked to free agent reliever Carlos Estévez. Perhaps that kind of acquisition is more realistic now than it would’ve been had the team stuck with its initial plans to give the broadcasts to MLB.

Main Street Sports is back up to nine teams for which it’ll carry in-market broadcasts: the Angels, Braves, Brewers, Cardinals, Marlins, Rays, Reds, Royals and Tigers. The Guardians and Twins are still set to allow MLB to handle distribution. They’re following in the footsteps of the Diamondbacks, Padres and Rockies — each of whom was broadcast by MLB this past season. Main Street Sports has also dropped its deal with the Rangers. The Texas organization is not expected to return to Main Street Sports or to sign on with MLB. Mac Engel of the Fort Worth Star-Telegram wrote last month that the Rangers were exploring ways to negotiate individual deals with various cable providers rather than contracting with an RSN.

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Brewers Reach New Broadcast Deal With Diamond Sports Group

By Anthony Franco | December 31, 2024 at 5:00pm CDT

The Brewers announced on Tuesday that they’ve reached agreement with Diamond Sports Group to handle in-market broadcasting for the 2025 season. Unsurprisingly, the team did not reveal how much they’ll make in rights fees.

It’s a reversal from plans announced in October. At the time, Major League Baseball announced that it would take over in-market broadcasting for Milwaukee. That came shortly after Diamond, the parent company of FanDuel Sports Networks (formerly the Bally Sports Networks), announced that it was abandoning its contract with the team. Diamond subsequently finalized a plan to avoid liquidation and emerge from bankruptcy to continue operations for at least one more year.

Evidently, Diamond and the Brewers had kept open communications even though Milwaukee initially intended to turn broadcasts to the league. They’ve found a mutually agreeable price point — presumably below what Diamond would have owed under their previous agreement — to stick with the company for another season.

Brewers business operations president Rick Schlesinger tells Adam McCalvy of MLB.com that the team could turn the rights to MLB as soon as the 2026 season. “Long term, whether it’s 2026 or thereafter, I do think MLB Media is the place where we’re ultimately going to land, and I think that’s going to be in the best interest of the fans and the teams and the league to get a model that provides for the widest possible distribution across the most number of platforms with the highest technology and the best economics for the league and the teams,” Schlesinger said. “But we are comfortable with the quality of the production that Diamond Sports, Ballys and now FanDuel are operating under, and we like the continuity. Our fans will find the games the same places they found it last year.”

It isn’t known if this will have any impact on Milwaukee’s player payroll. The Brewers have only made one major league free agent addition this offseason, signing lefty Grant Wolfram to a deal that presumably landed around the league minimum. RosterResource calculates their payroll around $118MM, narrowly above the approximate $116MM mark at which they ended the ’24 season.

Diamond is back up to eight MLB teams for which it’ll carry in-market broadcasts: the Angels, Braves, Brewers, Cardinals, Marlins, Rays, Royals and Tigers. The Guardians, Reds and Twins are turning broadcasts over to MLB. They’re following in the footsteps of the Diamondbacks, Padres and Rockies — each of whom was broadcast by MLB this past season. Diamond has also dropped its deal with the Rangers. The Texas organization is not expected to return to Diamond or to sign on with MLB. Mac Engel of the Fort Worth Star-Telegram wrote this month that the Rangers were exploring ways to negotiate individual deals with various cable providers rather than contracting with an RSN.

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Royals Reach Deal With Diamond Sports Group

By Darragh McDonald | December 3, 2024 at 2:49pm CDT

The Royals announced today that have signed a new deal with Diamond Sports Group, owner of the FanDuel Sports Network, formerly known as Bally’s. That company will continue to broadcast the club’s games in 2025.

Coming into today, the Royals were one of the few clubs with their broadcast situation still up in the air. Diamond Sports Group was the broadcaster for almost half the league as of a few years ago, but cord cutting put a dent in the regional sports network (RSN) model. They filed for bankruptcy in March of 2023 and their profile has been decreasing since then.

As part of the bankruptcy process, Diamond dropped its deals with the Padres and Diamondbacks, leaving Major League Baseball to take over those broadcasts for the 2024 season. That still left Diamond with 12 clubs in 2024 but they revealed in court two months ago that they were only planning to keep one of those clubs for 2025, which was Atlanta.

Of the other 11, four of them followed the Padres and Diamondbacks in having MLB handle the broadcasts: the Brewers, Twins, Guardians and Reds. Six worked out new deals with Diamond, reportedly or presumedly with lower fees than their previous deals: the Marlins, Cardinals, Angels, Rays, Tigers and now the Royals. That leaves the Rangers as the final team in limbo. They reportedly aren’t going to return to Diamond but are looking into creating their own RSN, though it’s still unknown if they will be able to get that off the ground for the new season.

Diamond emerged from bankruptcy last month but it’s still unclear what the long-term relationship with Major League Baseball will be. It has been reported that none of the new Diamond deals go beyond 2028, with the league considering various plans for future broadcast deals. Per Anne Rogers of MLB.com, the Royals will have the chance to re-evaluate their Diamond deal after 2025, so it seems it’s only a one-year pact or perhaps has some kind of opt-out language.

Like the other clubs who re-upped with Diamond, the Royals are going to be receiving less revenue from this new pact than they did previously. As recently as 2022, they reportedly received $45MM for their annual rights fees but president of business operations Brooks Sherman confirmed today that the revenue will be lower in this new deal without providing specific, per Rogers.

How that impacts the club’s offseason remains to be seen. They were quite aggressive last winter, signing players like Michael Wacha and Seth Lugo, as well as giving a huge extension to Bobby Witt Jr. That aggression paid off, with the Royals going from 56 wins in 2023 to 86 in 2024, good enough for a Wild Card spot. RosterResource currently projects the Royals for a $116MM payroll next year, very close to where they were in 2024. The club recently added Jonathan India via trade and is reportedly looking for another lineup addition with a preference for the trade market over free agency.

For fans, it seems little will change. The games will still be on television as before and those who streamed via the Bally Sports app will just have to switch to the FanDuel Sports Network app. There’s also now the added option of streaming via an add-on to Amazon Prime, which is the case with all clubs who have deals with Diamond.

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Details On MLB’s Future Broadcasting Plans

By Darragh McDonald | November 21, 2024 at 1:52pm CDT

Back in February, MLB commissioner Rob Manfred said that he wanted to be able to market a blackout-free streaming bundle including roughly half the league. That plan was largely tied to the collapse of Diamond Sports Group, though that company is now emerging from bankruptcy and will continue to operate for the time being. That seems to have kicked Manfred’s plans down the road a little bit, with Evan Drellich of The Athletic doing a deep dive this week on the current state of things.

Manfred still has his sights set on getting rid of local blackouts as part of TV/streaming packages, though it might now have to wait a few years. While some clubs that lost their broadcast deals are now letting MLB handle things, others have re-upped with Diamond. The Braves, Cardinals, Marlins, Angels, Tigers, and Rays are back with Diamond while the Royals might also join them, depending on the outcome of ongoing negotiations. But Drellich notes that none of those deals go beyond 2028.

That is significant because that is also the year that MLB’s national broadcast deals with Fox, ESPN* and Turner expire. (*As a side note, Drellich notes that MLB and ESPN have a mutual opt-out after this season but talks about that are ongoing.) The league’s hope is to have as much on the table as possible when negotiating new national deals. “Most important from my perspective is that all the deals for the Diamond clubs end no later than 2028,” Manfred says in the piece. “My interest in local rights in large part is to have them available when we do national renewals.”

The bidding could include more than those three companies that MLB currently has national deals with, as Drellich notes that executives from Apple, Amazon, CBS, Disney/ESPN, DirecTV, Fox, Netflix, NBC/Peacock, Roku, YouTube and Warner Bros.-Discovery were present at the World Series. MLB already has a deal with Roku for Sunday games, a slot previously held by Peacock. Apple has Friday Night Baseball while the Diamond clubs will be available on Amazon Prime next year. YouTube had a previous deal with MLB that ran from 2019 to 2022.

The regional sports network (RSN) model has been a huge source of revenue for all teams in the past but cord cutting has chipped away at that model. The Padres, Diamondbacks and Rockies all operated without an RSN partner in 2024, with the league handling their broadcasts both for TV/cable/satellite and direct-to-consumer streaming. The Twins, Guardians, Brewers and Reds will go down that path in 2025.

Simplistically, this is bad for teams but good for fans. The clubs are losing that passive revenue, as many people previously signed up for cable/satellite bundles that included sports RSNs even if they weren’t much interested in baseball. The streaming model cuts out the middleman but requires more active uptake from fans and leads to lower revenues, at least in the short term. But for fans, this allows them to finally get around the blackouts that have been an annoying part of the RSN paradigm for decades.

Though the revenue streams aren’t as strong, the league seems to recognize that this is the way of the future and is trying to lean into it. Though as detailed by Drellich, actually following through will be complicated.

“I’d like to have all the rights available,” Manfred said. “I’d like to talk to the people who are buyers. I’d like to cut them up into packages and sell them, as many of them as possible, nationally, and then have a plan to deal with what’s left over.”

As mentioned, the league already has seven clubs on its ledger, though Drellich adds that it’s technically eight. The Mariners took control of ROOT Sports Northwest a year ago but Drellich relays that the league is involved to some degree as well. If the six or seven clubs with Diamond eventually link up with the league a few years down the line, that would be roughly half the league. The Rangers are sort of a wild card at present, as they don’t plan to continue their relationship with Diamond but haven’t yet outlined a plan for 2025, reportedly exploring the creation of their own RSN. Drellich says close to two thirds of the league could have their rights available by 2028, presumably due to other non-Diamond RSN deals expiring. Some clubs still have relationships with NBC affiliates or other broadcasters.

The issue in MLB getting the other clubs on board is that they are in very different financial positions. Broadly speaking, the larger-market clubs are in better shape, both because of stronger viewership bases and because the club and its broadcaster are often the same company. If all the clubs were cobbled together as part of some bundle which spread the profits around, that would benefit the smaller clubs while harming the larger ones.

That would naturally be unappealing to the larger clubs, though Drellich notes that a compromise could perhaps be reached by changing the overall revenue sharing. Currently, each clubs shares 48% of their local revenues (local media, ticket sales, concessions, merchandise and sponsorships). The Drellich piece suggests that greater sharing of broadcast money could be accompanied by less sharing of the other streams.

“I do think there are a combination of things that for even the very biggest teams,” Manfred says, “we can demonstrate that for the good of the game over the long haul, it’s better for everybody and better for them.”

Another complication is that the MLB Players Association would have to be involved. They don’t need to be consulted when it comes to broadcast decisions but all revenue-sharing plans need to be collectively bargained. The current collective bargaining agreement runs until December of 2026, so these matters will likely need to be hammered out in the next CBA, ahead of the aforementioned key pivot point in 2028.

“If the model changes, we will be involved in negotiating how those changes might affect the system and will ensure that the interests and priorities of the players are protected,” says Tony Clark, the head of the MLBPA. The relationship between the league and the union hasn’t been great lately, with the most recent CBA talks resulting in a lockout of more than three months that almost resulted in the 2022 season being canceled or shortened. A deal did get done and the season was spared, but some key issues went unaddressed and will likely come up again, such as an international draft. Then there’s the ever-present CBA issues like salaries, the competitive balance tax and so on.

Presumably, Manfred won’t want another work stoppage just ahead of his big pitch to potential broadcasters. Anything that hurts fan interest in the game would naturally make those rights less appealing, but the league’s motivation to get a deal done will obviously be contingent on how effectively they can negotiate all CBA issues with the players. The two sides agreed in July of this year to have CBT money redirected to those clubs who lost broadcast revenue, so perhaps some of this could be accomplished outside of full CBA talks.

There are many balls in the air here and a few years for them to bounce around, but Manfred will need to find a path forward that satisfies the owners as well as the players. If he succeeds, it could be good for growing the game by improving fan access to the product. An entrenchment of the current paradigm, on the other hand, could perhaps increase fan dissatisfaction with the inequalities that impact competitive balance.

How it all plays out will lead to ripple effects that impact the on-field product. The Padres and Twins have already scaled back their payrolls in response to the shifting landscape. This seemed to have an impact on last winter’s market, with several free agents settling for deals that fell well below initial projections. Clubs like the Cardinals and Rangers are also planning to dial things back next year.

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MLBTR Podcast: The Rays’ Stadium Plans, Diamond Sports, And Some Offseason Rumors

By Darragh McDonald | November 20, 2024 at 9:35am CDT

The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…

  • The Rays’ stadium plans for the short term and the uncertainty in the long term (1:45)
  • Diamond Sports Group getting out of bankruptcy (8:40)

Plus, we answer your questions, including…

  • If the Red Sox acquire Garrett Crochet from the White Sox, will they still go after top free agents? (13:15)
  • Could the Reds and Royals line up on a trade involving Jonathan India and Brady Singer or some other Kansas City pitching? (17:25)
  • On the Top 50, none of the writers predicted the Orioles to sign top free agents. Are you underestimating David Rubenstein’s intention to speed up the timeline? (26:05)

Check out our past episodes!

  • Roki Sasaki, Gerrit Cole’s Non-Opt-Out, And Cardinals Rumors – listen here
  • Breaking Down The Top 50 Free Agents List – listen here
  • The Mets’ Spending Power, Juan Soto Suitors, And The Rangers’ Payroll Limits – listen here

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

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MLB To Take Over Reds’ Broadcasts In 2025

By Darragh McDonald | November 14, 2024 at 1:15pm CDT

MLB announced today that it will take over the distribution of local broadcasts for the Reds in 2025. Fans of the club will still be able to watch on television as they have in the past but there will also be a direct-to-consumer streaming option with no blackouts.

Largely due to cord cutting, the regional sports network (RSN) model has been collapsing in recent years. Several clubs have seen their TV deals dropped or expire without being renewed. In some of those cases, Major League Baseball has stepped in to keep things running more or less as before, keeping those teams on TV while also adding the streaming option.

In 2024, MLB handled the broadcasts of the Padres, Diamondbacks and Rockies. Fans of those clubs who watched them on cable could continue to do so, but it was also possible for people without cable subscriptions to simply pay for the ability to stream the games directly without blackouts for $19.99 per month or $99.99 for the year.

Two of those clubs (San Diego and Arizona) were previously with Diamond Sports Group, the owners of the FanDuel Sports networks, which were previously under the Bally Sports brand. DSG filed for bankruptcy in March of 2023 and it was reported earlier today that they will be able to emerge from the bankruptcy process, though with their portfolio reduced to just six teams.

In early October, it was reported that DSG planned to cut ties with all but one club, the Atlanta Braves. They were open to new deals with other clubs, but with the fees renegotiated down to lower levels. MLB announced shortly thereafter that it would be taking over the broadcasts of the Twins, Guardians and Brewers, bringing them up to six clubs for whom they were handling the broadcasting.

The Cardinals, Marlins, Angels, Tigers, and Rays subsequently agreed to new deals with DSG, giving them the rights for six clubs going into 2025. But it was reported earlier this week that the Reds could not come to terms with DSG on a new deal. Today’s announcement revealed that they will go with MLB, so the league is now handling the broadcasts of seven clubs.

For fans, the biggest change is the streaming option. The league has been streaming games for years through MLB.TV, but fans were blacked out from watching clubs in their area as part of those RSN deals. Watching the club on cable was previously the only legal option but streaming is now on the table as well. Details and pricing of the streaming option will surely be forthcoming in the coming weeks and months.

For the club, it’s probably not good news in the short term. The RSN model was a solid source of revenue for a long time, as many people signed up for cable packages even if they didn’t watch baseball. The Reds reportedly got about $60MM annually as part of their deal with DSG. The direct-to-consumer streaming option cuts out the middleman but also requires fans to actively sign up, cutting out the passive part of the cable money.

Perhaps the streaming model will gain momentum over time but the short-term impact has clearly been negative for clubs. The Padres and Twins have already scaled back payroll while the Cardinals and Rangers are planning to do so for the coming season. How the Reds proceed will remain to be seen. RosterResource projects them for a $79MM payroll next year, $21MM below last year’s $100MM figure.

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Diamond Sports Group Emerges From Bankruptcy

By Darragh McDonald and Leo Morgenstern | November 14, 2024 at 10:41am CDT

A bankruptcy judge has approved the plan put forward by Diamond Sports Group for the company to return from bankruptcy. The Athletic’s Evan Drellich was among those to first report the news.

Today’s confirmation hearing was the last step in a long-drawn-out process for DSG to return to business as usual, or at least some semblance of such. The company remains the broadcast home of the Braves, Cardinals, Marlins, Angels, Tigers, and Rays for 2025 and beyond. However, it will no longer host the Twins, Guardians, Brewers, Rangers, and Reds. The Royals could also be looking elsewhere for a broadcast deal; their relationship with DSG is still up in the air. Further changes include a new name for DSG’s regional sports networks (RSNs), FanDuel Sports Networks, and a deal to make DSG’s RSNs available on the Amazon Prime streaming service (for an additional fee).

The Braves and Major League Baseball filed an objection to DSG’s proposal last Friday, but Drellich noted that they later withdrew the objection. The United States Trustee Program also issued an objection, but Judge Christopher Lopez approved the plan regardless.

Reports emerged about two years ago, in the early days of 2023, that the company was in financial trouble. Cord cutting had delivered a big blow to the RSN model, impacting DSG and several other companies. DSG officially filed for bankruptcy in March of 2023 and it seemed at times as though they might not survive as their deals with teams fell apart one-by-one.

They have continued to hang on, though with a diminished portfolio. DSG used to have deals with the Padres and Diamondbacks, though both were dropped by DSG last year as part of the bankruptcy process. MLB took over the broadcasting, leaving things relatively unchanged for TV viewers while also opening up a direct-to-consumer streaming option. The Twins, Guardians and Brewers will be going down that path in 2025 as well. The Rangers and Reds are also cutting ties with DSG, though the future broadcast situation with those two clubs is less clear.

DSG will see if a pivot to streaming can help them. Many of their previous deals were only for in-market television broadcasting but Drellich relays today (X link) that the Braves have granted DSG streaming rights, meaning that the company now has those rights for each of the clubs that it still has deals with.

Whether that can that business model is sustainable in the long run for DSG remains to be seen. MLB expressed concern that the club would fall back into bankruptcy in the near future, so time will tell if that line of thinking is correct or not.

Whether it’s through DSG or MLB, these teams are generally expected to be receiving less revenue for the short term. It’s possible that streaming will eventually grow and make up some of the difference, but it’s impossible to know what those revenue streams will look like down the line. Some clubs, such as the Padres and Twins, have already lowered their payrolls in the wake of this paradigm shift. The Cardinals and Rangers plan to follow suit in 2025. That seemingly contributed to the weak offseason a year ago, so it’s an important facet of the baseball landscape and something to monitor going forward, for teams and players alike.

For fans of the clubs still with DSG, they can maintain the status quo if they like, as watching the games through a cable package will still be an option. But fans of many of these teams who are cord cutters will also now have the option of streaming the games without blackout restrictions, such as through the FanDuel app or an add-on to Amazon Prime.

Commissioner Rob Manfred has expressed a desire to market a multi-team streaming bundle one day, something akin to MLB.TV but without local blackouts. If DSG had not been able to emerge from bankruptcy, then MLB would have had a base of almost half the league to include in that bundle. That didn’t end up coming to pass but perhaps the league could work out a deal with the company involving the few remaining clubs still connected to DSG.

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Rays, Tigers Reach Deals With Diamond Sports Group

By Anthony Franco | November 13, 2024 at 11:13pm CDT

Diamond Sports Group revealed in court filings on Wednesday that it has reached new broadcasting deals with the Rays and Tigers, as first observed by Bill Shaikin of the Los Angeles Times (X link). The Rays released a statement confirming their agreement. The Tigers have not commented.

Both teams presumably took reduced rates from their prior contracts with Diamond, which had operated under the Bally Sports name until a recent rebrand. Terms of both agreements remains unreported. Diamond had abandoned its contracts with 11 of its 12 partners, only abiding by the original terms of its agreement with the Braves. Court filings today revealed that some portion of the Braves’ deal was amended, though it’s not clear what changes were made.

Diamond has since hammered out new deals with the Marlins, Cardinals, Angels, Rays and Tigers. The Rangers and Reds are looking elsewhere, while the Twins, Brewers and Guardians agreed to allow Major League Baseball to handle in-market distribution. The Royals are the only team that remains in limbo. Evan Drellich of the Athletic reports that Diamond remains in talks with the Kansas City franchise.

There should be resolution by the end of the week. Diamond is set for a confirmation hearing tomorrow on its reorganization plan. The company needs approval from the bankruptcy court to avoid liquidation. The Braves and MLB had filed an objection last week, expressing their belief that Diamond was in danger of quickly falling back into insolvency. Drellich writes that MLB and the Braves have withdrawn their objection. The Department of Justice is the only party still objecting to Diamond’s plan, as they’ve taken issue with some of the legal releases. That seems to be a minor hurdle, so Diamond appears well positioned to continue operations at least into 2025.

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Angels Reach New Broadcast Deal With Diamond Sports Group

By Anthony Franco | November 11, 2024 at 9:46pm CDT

November 11: The Angels’ deal with Diamond is a three-year contract, reports Bill Shaikin of the Los Angeles Times.

November 9: The Angels reached a local broadcasting/streaming contract with Diamond Sports Group yesterday, reports Jeff Fletcher of the Orange County Register. The team will remain on the FanDuel Sports Network, the same organization that previously operated under the Bally Sports name. The Angels have not made an official announcement.

Terms of the deal remain unreported. For fans, the biggest development is the introduction of the streaming agreement. Fans in the Anaheim area can access Halos games on the FanDuel Sports app even if they don’t have a television provider that carries the network. The Cardinals reached a similar arrangement, which should dramatically reduce the number of blackouts, with Diamond earlier this week.

Diamond abandoned 11 of its 12 existing TV deals last month. They’ve renegotiated new terms with the Marlins, Cardinals and Angels. Diamond plans to honor its initial arrangement with the Braves. It’ll carry at least four teams next season. The Twins, Guardians and Brewers have announced that they’ll allow MLB to handle in-market broadcasts. The Rangers are still exploring options but do not intend to renegotiate with Diamond.

The Reds are taking that path as well. The Cincinnati franchise revealed in court on Friday that it was unable to come to terms with Diamond (link via Evan Drellich of the Athletic). The Reds gave up their stake in what had been a joint venture with Diamond covering FanDuel Sports Network Ohio. They’ll look for other arrangements. The Rays, Royals and Tigers remain in limbo and could still hammer out new contracts.

That all presupposes that Diamond continues to exist. The corporation still needs approval from the bankruptcy court to embark on a reorganization plan at all. The confirmation hearing is set for next Thursday and Friday. MLB and the Braves leveled formal objections yesterday, expressing their belief that Diamond has “a substantial likelihood” of going under again if the court approves reorganization. In the event the court overrules those objections, the Angels will be back on FanDuel Sports Network for at least another season.

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Cardinals Reach New Broadcast Deal With Diamond Sports Group

By Anthony Franco | November 7, 2024 at 8:20pm CDT

The Cardinals announced this afternoon that they’ve reached a new multi-year contract with FanDuel Sports Network to continue carrying in-market broadcasts. The deal includes a streaming partnership that’ll allow consumers in the St. Louis area to access games on the FanDuel app. Hannah Wyman and Derrick Goold of the St. Louis Post-Dispatch write that app subscribers can view the games without a television provider, which should drastically reduce blackouts.

FanDuel Sports Network, which is a property of Diamond Sports Group, is the same TV network that had broadcasting rights to Cardinals games under the previous Bally Sports moniker. Last month, Diamond abandoned its previous deals with the Cards and 11 other teams as it continues to navigate bankruptcy. Diamond expressed openness to renegotiating at least some of those deals at reduced fees.

The Cards were willing to do so despite the associated revenue losses. Wyman and Goold report that they’ll take a 23% reduction next season compared to what they would’ve made on the prior contract. With the previous deal calling for roughly $75MM in rights fees, the Cardinals stand to drop roughly $17.25MM to the $57-58MM range. The team did not specify the length of this contract beyond calling it a multi-year partnership. Evan Drellich and Katie Woo of the Athletic report that the deal does not stretch into the 2030s and affords some measure of flexibility depending on the future state of sports media.

For fans, the streaming addition is the biggest direct news. The deal is indirectly relevant to the fanbase by providing the organization with a bit of clarity on their revenue situation. The expected revenue losses have long pointed to a dip in spending. That was reinforced by the decision to decline a few team options, most notably a $12MM call on Kyle Gibson. They’re not expected to pursue reunions with free agents Paul Goldschmidt and Andrew Kittredge.

That could account for most of the payroll reduction. St. Louis has a little less than $110MM committed. Their arbitration class is projected for something in the $19MM range. That leaves the Cards nearly $50MM south of this past season’s Opening Day spending. The Cardinals are going to get trade interest on a number of veterans as they embrace a retooling effort and evaluate younger players. Speculation about a complete teardown was quieted this week with reports that Willson Contreras and Sonny Gray, both of whom have no-trade clauses, are unlikely to move after suggesting they preferred to stay in St. Louis.

The Cardinals become the second team to negotiate a new deal with Diamond after its previous broadcasting agreement was dropped. The Marlins reportedly reached a contract to stay on FanDuel Sports Network last month, though Miami hasn’t made any official announcement. Diamond is abiding by its original contract with the Braves, so it’ll carry at least three teams next year.

ESPN’s Alden González writes that MLB will carry broadcasts for the Twins, Guardians and Brewers — all of whom were dropped by Diamond. (They join the Padres, Diamondbacks and Rockies in that regard.) The Rangers said they have no plans to renegotiate with Diamond but are still exploring other opportunities. Plans for the other five teams — the Reds, Rays, Tigers, Angels and Royals — are still undetermined.

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