UPDATE: Multiple outlets are reporting that the Phillies TV deal is $2.5 billion over 20 years. Or $100 million a year. That’s a nice bit of scratch.
8:29 AM: The Phillies may not know exactly how to rebuild for the future, but they won’t be lacking for money to do it. The Phillies and Comcast/NBC Universal have agreed to a massive new broadcast deal. Here’s the statement from Comcast SportsNet (Comcast owns NBC Universal and, by extension, this blog):
“We’re pleased to confirm that NBCUniversal and Comcast SportsNet have signed a new long-term deal with the Philadelphia Phillies that will expand Comcast SportsNet’s role as the Phillies’ primary TV partner. Although the terms of the comprehensive deal are confidential, details surrounding the 2014 schedule of games will be provided in the coming months.”
Matt Gelb of the Philadelphia Inquirer reports that the deal is for at least 20 years. Given the price other teams’ TV rights have gone for, it’s not a stretch to guess that the deal would be in the billions.
The current TV deal was set to expire following the 2015 season.