ESPN signs an eight-year, $5.6 billion deal to keep baseball


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.

Blue Jays sign Danny Espinosa to minors deal

Getty Images
Leave a comment

Free agent middle infielder Danny Espinosa signed a minor-league deal with the Blue Jays, the team announced Saturday. The deal includes an invite to spring training, where Espinosa is scheduled for his first split-squad game against the Orioles this afternoon.

Espinosa, 30, was inked to another minor-league deal with the Yankees in January. The veteran infielder was competing for an infield job until the team picked up second baseman Neil Walker on a one-year, $4 million deal last Monday. Prior to his release, he slashed .160/.276/.320 with one home run through his first 12 games with the Yankees this spring. He didn’t fare much better in the majors last year, either, batting a cumulative .173/.245/.278 with six home runs and a .523 OPS in 295 PA for the Mariners and Rays.

Blue Jays starting shortstop Troy Tulowitzki is still dealing with a bone spur in his heel and has officially been ruled out for Opening Day, which could clear a path for Espinosa to claim a starting role in Toronto. Of course, he won’t be the only candidate under consideration — Yangervis Solarte and Aledmys Diaz are still in the mix as well, though no final decision appears to be made just yet.