UPDATE: Maybe the Rangers-FOX deal is not 20-years, $3 billion

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UPDATE: Evan Grant of the Dallas Morning News hears that the Rangers’ deal with
FOX is actually worth $1.5-1.6 billion, not $3 billion
as reported by Bob Nightengale of USA Today, but that there are some incentives and escalators and stuff.  Even if it stays flat at $1.5 billion, however, that makes it, on average, a $75 million deal, which is over and above every team’s TV deal with a non-affiliated network of which I’m aware (remember: the Dodgers get $45 million; the Mariners are reported to get around $40 million). So, still a great deal for Texas, even at its lowest.

4:54 PM: I shoulda listened to those killjoys who go on about how things that sound too good to be true likely being too good to be true. A FOX spokesman tells Sports Business Journal that the figures reported by USA Today earlier this afternoon were “wildly inflated.”

Of course, the definition of “wildly inflated” matters here too. If the truth of the matter is that the deal is for, say, $50M a year over 20 years, sure, USA Today was out to lunch and this deal would represent a healthy, but not necessary crazy figure for the Rangers. If, on the other hand the truth is that the deal starts at $50M or $75 million but increases
every year and inflates until it’s still a $3 billion deal, then it’s
still kind of nuts
.  The devil is in the details, as they say.

By they way: I was chatting with Gleeman as this update came down a few minutes ago. He observed that it’s entirely possible that there will be no Rangers games on television at all in 20 years and, in fact, there may be no television. I think he meant that everything could go to some streaming internet or wireless kind of system that renders television as we know it obsolete. It’s possible, however, that he has inside information on an imminent nuclear war or zombie apocalypse.  Which, I don’t need to tell you, would totally be a buzzkill for Rangers baseball.

1:58 P.M.: It’s going to be hilarious when FOX executives realize that the contract they just signed was with the Rangers, not the Cowboys or Vivid Video or something else more marketable than baseball is thought to be:

The Texas Rangers, who clinched their first division title in 11
years over the weekend, just might start making this an annual routine
considering their giant financial windfall.

The Rangers,
cash-strapped for years with owner Tom Hicks, have signed a 20-year
extension with Fox Sports Southwest that will guarantee them $3 billion.

$150 million a year!  To put that in perspective, the Dodgers get about $ 45 million a year from FOX. The Yankees get less than $100 million from YES (though, obviously, they own a big chunk of the network so it’s not apples-apples). I doubt any team currently gets anything like $150 million from a non-affiliated network.

Two questions that immediately spring to mind in light of this deal:

  • Is it any wonder why so many people were willing to jump into protracted litigation to get a piece of this team? and
  • How bad a businessman is Tom Hicks if he couldn’t make the Rangers solvent with that kind of scratch available?

Whatever the case, with this TV deal, the Rangers shouldn’t be lumped in with the mid-market teams going forward. They should be considered a high-dollar player the moment the first check comes in.

Report: Rockies haven’t discussed contract extension with Nolan Arenado

LOS ANGELES, CA - SEPTEMBER 23: Nolan Arenado #28 of the Colorado Rockies runs the bases after hitting a solo homerun in the sixth inning against the Los Angeles Dodgers at Dodger Stadium on September 23, 2016 in Los Angeles, California.  (Photo by Lisa Blumenfeld/Getty Images)
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In a mailbag published on Thursday, Patrick Saunders of the Denver Post says he has spoken with Arenado and his agent from the Wasserman Media Group. Based on that, he says the Rockies have not broached the subject of a contract extension with the All-Star third baseman.

Arenado will enter his second of four years of arbitration eligibility after earning $5 million for the 2016 season. He’s due to a hefty pay raise and will continue on that track into free agency after the 2019 season. It may behoove the Rockies to get extension talks started sooner rather than later. Saunders, however, thinks that Arenado wants to see if the Rockies become contenders in the next two seasons before signing the dotted line.

Arenado, 25, enters Thursday’s action batting .293/.361/.567 with 40 home runs, 130 RBI, and 112 runs scored in 678 plate appearances. His 40 homers is best in the National League and the 130 RBI are best in the majors. He has an argument for winning the National League Most Valauble Player Award.

Video: Scott Boras eulogizes Jose Fernandez

MIAMI, FL - SEPTEMBER 28: A detailed view of a memorial wall in honor of Jose Fernandez on September 28, 2016 in Miami, Florida. Mr. Fernandez was killed in a weekend boat crash in Miami Beach along with two friends.  (Photo by Rob Foldy/Getty Images)
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Agent Scott Boras eulogized client Jose Fernandez at his funeral on Thursday. Boras couldn’t even get through the first sentence without breaking down in tears. It was difficult to watch without wanting to sob myself, but it was a touching eulogy that spoke for a lot of people who were fond of Fernandez.