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.
The Associated Press is reporting that the spring training schedule will be shortened by two days starting in 2018. That change comes as part of the new collective bargaining agreement, which was agreed to last month.
Specifically, the voluntary reporting date for pitchers, catchers, and injured players has been changed to 43 days before the start of the regular season, down from 45. For the rest of the players, the reporting date is 38 days before the start of the regular season, down from 40.
The change goes hand-in-hand with allowing teams 187 days, rather than 183, to complete their 162-game regular season schedule.
While just about everyone seems to be in agreement that the spring training exhibition schedule is too long, team owners are likely very hesitant to shorten that part of the spring schedule because it would cost them money. So they’re just allowing players to arrive to camp a couple of days later.
Update (7:05 PM EST): The Rays and Dodgers have both announced the trade.
Update (6:57 PM EST): That was fast. Marc Topkin of the Tampa Bay Times reports the two sides have agreed to the trade. Forsythe for De Leon. An announcement is expected shortly.
Jeff Passan of Yahoo Sports reports that the Dodgers and Rays are “deep into discussions” on a trade involving second baseman Logan Forsythe. Passan adds that the two sides have discussed pitcher Jose De Leon — the Dodgers’ top pitching prospect — as part of the return for Forsythe, but it’s unclear if he’s in the deal currently being discussed.
Forsythe, 30, hit a productive .264/.333/.444 with 20 home runs and 52 RBI in 567 plate appearances in 2016. He was even better the year before, finishing with an .804 OPS. Forsythe can fill the Dodgers’ obvious need at second base, but he also has experience playing third base, first base, shortstop, and corner outfield.
Forsythe is entering the second year of his two-year, $10.25 million contract extension with the Rays. He’ll earn $5.75 million in 2017 and his controlling team has an $8.5 million club option with a $1 million buyout for the 2018 season.