We talked about lucrative local TV rights yesterday. Let’s talk national: ESPN just agreed to pay Major League Baseball nearly double what it’s paying now to keep baseball rights through 2021:
ESPN has agreed to a deal that locks down MLB rights into the next decade, according to several sources. The eight-year deal is worth $5.6B (an average of $700M per year), approximately doubling the nearly $306M ESPN currently pays MLB every year for domestic TV rights.
That includes digital, radio and, for the first time, the playoffs: one wild card game. Otherwise the deal is basically the same: Sunday Night Baseball and Monday and Wednesday night games.
The current deals with ESPN, Fox and TBS are in place through the end of the 2013 season. As the New York Times reported in July, there is a frenzy afoot, with those three outlets still wanting to keep their games, plus NBC wanting to get in on the action. Clearly those remaining will be in frenzied bidding for the Saturday and Sunday afternoon games, the postseason and any other national products that may be added over and above what exists now.
That’s a recipe for skyrocketing rights fees. And we just saw the first rocket launched.
UPDATE: Putting this money in perspective. Short version: windfall.
Jon Morosi reports that the Blue Jays and starter Marco Estrada are nearing an agreement on a contract extension. The deal is expected to be for one guaranteed year, Morosi adds.
Estrada, 34, was set to become a free agent after the season. He earned $26 million on a two-year contract signed with the Jays in November 2015. While the right-hander has a subpar 4.84 ERA on the season, he has a solid 170/67 K/BB ratio in 176 2/3 innings and has looked much better since the end of July. Between July 31 and his most recent start on Saturday, Estrada owns a 3.75 ERA.
J.A. Happ is the only other starter technically under contract with the Jays next season. Marcus Stroman will be eligible for his second year of arbitration and the Jays will certainly agree to give him a raise on his $3.4 million salary for the 2017 season. The Jays will likely be active this offseason in adding rotation help and they’re starting early by locking up Estrada.
Red Sox center fielder Jackie Bradley, Jr. robbed Orioles first baseman Chris Davis of his 25th home run on Tuesday evening, leaping at the fence in center field to make the catch and keep the game scoreless in the bottom of the fifth inning.
Davis swung at the first pitch he saw from Drew Pomeranz, a slider that crossed the middle of the plate.
This game has potential playoff implications, as the first-place Red Sox hold a three-game lead over the Yankees in the NL East. Meanwhile, the Orioles are still in the AL Wild Card race, trailing the Twins by 5.5 games for the second Wild Card slot.