Could the Dodgers’ giant TV deal be the beginning of the end for giant TV deals?

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We talk a lot about the skyrocketing TV deals baseball teams are getting from cable operators these days. One wonders, though, whether or not we’re witnessing a bubble that’s going to soon burst. If it does, we may look at the Dodgers’ new TV deal as the beginning of the end.

The Dodgers TV deal with Time Warner is reported to be upwards of $8 billion. To pay for that, Time Warner is going to charge other carriers (Direct TV, Dish Network, other cable systems) $4 or $5 per subscriber for the right to carry the new Los Angeles Dodgers network they’re operating, with those costs passed on to the other carriers’ customers. This is how all sports TV rights deals go. It’s just way bigger with the Dodgers and Time Warner.

Many — probably most — of the customers who are seeing their cable bill go up are not Dodgers fans. They just want to watch Nick Jr. or History Channel or BBC America or any number of other channels. But, because you can’t (for the most part anyway) pick and choose which channels you get, the non-sports watchers are helping subsidize the sports watchers. Again, this is how it always works, but this time the rate hikes in question are going to be quite large.

Joe Flint and Bill Shaikin of the L.A. Times write about this today, and they talk to one former TV executive who thinks that such a pattern is unsustainable:

But non-sports fans and pay TV companies are increasingly frustrated at having to pick up the tab for big sports deals. There have been calls to sell sports channels “a la carte,” or separately from other programming.

The Dodger agreement with Time Warner Cable may be a tipping point.

“That is the solution everyone should be looking at seriously,” said Derek Chang, a former senior executive at satellite broadcaster DirecTV. Such a move, he added, may be the only way to lower the cost of TV sports. “Ultimately the market for fees would then reset.”

All it takes is a political groundswell — and someone talking about how we should think of the children who just want to watch “Spongebob” is a great way to get that going — for Congress to wade in and either begin legislating or begin threatening to legislate with respect to cable TV in such a way that a la carte pricing becomes available.  If it does, companies in Time Warner’s position won’t be able to demand across-the-board rights fees like they are now and, in turn, they won’t be able to offer sports teams like the Dodgers the billions of dollars in rights fees like they’re currently doing.

If that bubble bursts, down with it comes the TV money. Then down go the franchise values, which are escalating due to the TV money sports teams are attracting. If team values go down, team payrolls will eventually come down too.  No aspect of baseball finances would be untouched by it.

Will it happen? I don’t know. And if it does, I don’t know when. But I also know that no bubble in history has ever failed to burst, and that when they do burst, the bubbles tend to take down just about everyone.

In the playoffs, the Yankees’ weakness has become their strength

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Two weeks ago, when the playoffs began, the idea of “bullpenning” once again surfaced, this time with the Yankees as a focus. Because their starting pitching was believed to be a weakness — they had no obvious ace like a Dallas Keuchel or Corey Kluber — and their bullpen was a major strength, the idea of chaining relievers together starting from the first inning gained traction. The likes of Luis Severino, who struggled mightily in the AL Wild Card game, or Masahiro Tanaka (4.79 regular season ERA) couldn’t be relied upon in the postseason, the thought went.

That idea is no longer necessary for the Yankees because the starting rotation has become the club’s greatest strength. Tanaka fired seven shutout innings to help push the Yankees ahead of the Astros in the ALCS, three games to two. They are now one win away from reaching the World Series for the first time since 2009.

It hasn’t just been Tanaka. Since Game 3 of the ALDS, Yankees pitchers have made eight starts spanning 46 1/3 innings. They have allowed 10 runs (nine earned) on 25 hits and 12 walks with 45 strikeouts. That’s a 1.75 ERA with an 8.74 K/9 and 2.33 BB/9. In five of those eight starts, the starter went at least six innings, which has helped preserve the freshness and longevity of the bullpen.

Here’s the full list of performances for Yankee starters this postseason:

Game Starter IP H R ER BB SO HR
AL WC Luis Severino 1/3 4 3 3 1 0 2
ALDS 1 Sonny Gray 3 1/3 3 3 3 4 2 1
ALDS 2 CC Sabathia 5 1/3 3 4 2 3 5 0
ALDS 3 Masahiro Tanaka 7 3 0 0 1 7 0
ALDS 4 Luis Severino 7 4 3 3 1 9 2
ALDS 5 CC Sabathia 4 1/3 5 2 2 0 9 0
ALCS 1 Masahiro Tanaka 6 4 2 2 1 3 0
ALCS 2 Luis Severino 4 2 1 1 2 0 1
ALCS 3 CC Sabathia 6 3 0 0 4 5 0
ALCS 4 Sonny Gray 5 1 2 1 2 4 0
ALCS 5 Masahiro Tanaka 7 3 0 0 1 8 0
TOTAL 55 1/3 35 20 17 20 52 6

In particular, if you hone in on the ALCS starts specifically, Yankee starters have pitched 28 innings, allowing five runs (four earned) on 13 hits and 10 walks with 20 strikeouts. That’s a 1.61 ERA.

While the Yankees’ biggest weakness has become a strength, the Astros’ biggest weakness — the bullpen — has become an even bigger weakness. This is why the Yankees, who won 10 fewer games than the Astros during the regular season, are one win away from reaching the World Series and the Astros are not.