Broadcast rights fees are going nuts. Are they sustainable?

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What has been driving the huge free agent deals we saw this past winter, the large contract extensions we’ve seen recently and the $2 billion sale price of the Los Angeles Dodgers?  Why, big-time increases in broadcast rights fees, that’s what.

Today at Variety our friend Jon Weisman takes a look at this phenomenon, what is behind it and asks whether it’s sustainable or, rather, if it’s a big bubble that could be popped via cable TV regulation or something.

It behooves you to read this if you care at all about the financial context in which baseball currently finds itself, as broadcast rights and the riches they are raining down on the game are the most important thing impacting it, by far.

Report: Orioles interested in Alex Cobb

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MLB Network’s Jon Morosi reports that the Orioles have interest in free agent right-hander Alex Cobb, who rejected his one-year, $17.4 million qualifying offer from the Rays earlier this week. Cobb was most recently linked to the Cubs, who reportedly reached out to his agent during the GM Meetings and garnered mutual interest from the righty, but nothing appears to be set in stone yet.

Cobb, 30, completed his sixth season with the Rays in 2017. He went 12-10 in 29 starts and turned in a respectable 3.66 ERA, 6.4 SO/9 and career-best 2.2 BB/9 in 179 1/3 innings. Despite losing a couple of weeks to turf toe, he remained healthy for most of the year and showed no signs of the elbow issues that robbed him of the majority of his 2015-2016 campaigns.

It’s still fairly early for any deals to come to fruition, but Morosi notes that the Orioles seem to be focused on bulking up their rotation during the first few months of the offseason. It’ll take more than a healthy Alex Cobb to right that ship, however: Orioles’ starters earned a collective 5.70 ERA and 5.5 fWAR in 2017, good for worst and fourth-worst marks in the league, respectively. Behind Kevin Gausman and Dylan Bundy (and perhaps Gabriel Ynoa/Miguel Castro), they still need three viable starters to compete in 2018. Whether or not they can afford to spring for a single starter with Cobb’s price tag (four years, $48 million, per MLB Trade Rumors) remains to be seen.