News Corp acquires their stake in YES Network

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We heard about this last week, but now it’s official and now we know how big a stake:

News Corporation said Tuesday it was acquiring a 49 percent stake in the Yes Network, the New York Yankees’ regional cable sports channel. Yankee Global Enterprises, Goldman Sachs and other investors will reduce their ownership as part of the transaction.

News Corp gets an option to buy up to an 80 percent stake in the network.  If that were to happen the Steinbrenner family and the Yankees, obviously, would be a lot more like every other team which receives rights payments from a broadcaster rather than having one side of the house pay the other. Which makes this more interesting:

The Yankees also committed to stay on Yes Network through 2042, subject to approval of the deal from Major League Baseball.

Huh. You have to assume that there is some sort of mechanism to automatically keep those TV rights at the top of the market, because locking in to some sort of relationship for the next thirty years would, quite obviously, hurt the Yankees’ ability to get top value for broadcast rights from the presumably then third-party YES Network.

Marlins sign Cameron Maybin

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Tim Healey of the South Florida Sun-Sentinel reports that the Marlins have signed free agent outfielder Cameron Maybin.

Maybin spent the 2017 season with the Angels and Astros, putting up a line of .228/.318/.365 in 450 plate appearances and appearing at least briefly in the World Series for Houston. That’s not the greatest batting line in the world, but he stole 33 bases in 114 games, so he has his value. Maybe more to fantasy players than a real baseball team, but the fact remains that if you don’t have three guys in the outfield, you’re gonna give up a lot of triples. Maybin will definitely be one of the guys in the outfield, at least part of the time.

This will be Maybin’s second tour of duty with the Marlins, having first come to them in 2007 in the famous — infamous, if you’re a Marlins fan — Miguel Cabrera trade. Maybin spent three seasons with the Marlins in that go-around.