MLB nearing a deal to extend TV deals with Fox, TBS through 2021

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ESPN has already singed an extension on its TV deal and now Fox and TBS are lining up to do the same:

Under the deals, which are likely to be announced before the postseason, Fox will retain rights to the World Series and to a league championship series every year, the person said, speaking on condition of anonymity because no announcement has been made. The amount baseball receives from the two networks is likely to double to an average of about $800 million annually.

Back of the envelope math has that putting another $13-14 million per year in each team’s bank account over and above what they’re getting now. Add that to the ESPN deal which we talked about a few weeks ago, and that’s about $26-27 million more for each team every year by virtue of the new national TV deals. That’s big money for doing absolutely nothing.

Yankees get into esports, announce investment partnership with Vision Esports

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The Yankees have announced an investment partnership with Vision Esports. Vision Esports is the largest single shareholder of three esports-related companies, which includes Echo Fox, Twin Galaxies, and Vision Entertainment. The size of the investment was not disclosed.

Echo Fox was founded by former NBA player Rick Fox. The team has players from some of the most popular titles, including League of Legends, Call of Duty, Street Fighter, and Super Smash Bros.

Twin Galaxies tracks retro video game world records. Vision Entertainment creates esports content across various platforms.

This is not the first intersection of baseball and esports. Earlier this year, pitcher Trevor May joined esports team Luminosity. Other teams, particularly in the NBA, have gotten involved in esports. Last year, the Philadelphia 76ers acquired esports teams Dignitas and Apex.