According to the Associated Press, 21st Century FOX announced an agreement Friday to raise its ownership stake in YES Network from 49 percent of 80 percent, thus taking majority control. The deal is expected to close by the end of March.
Fox originally bought in on YES in 2012 and had the right to increase their stake to 80 percent. The Yankees, who have never had a majority share in the network according to Newsday, will continue to own the remaining 20 percent after the deal is finalized.
Here’s a statement from Yankees co-chairman Hal Steinbrenner:
“Clearly, 21st Century Fox is a great partner for us as the YES Network fulfills and expands its potential as one of the nation’s premier regional sports networks. We are gratified that 21st Century Fox has increased their stake and investment in the network. Yankee Global Enterprises is eager to continue working with 21st Century Fox as we explore ways to take YES to even greater heights.”
Wendy Thurm, who does an excellent job tracking the various television rights deals over at FanGraphs, writes that this will result in more cash for the Yankees. While it’s not quite on the level of the Dodgers, Thurm estimates that they’ll receive somewhere in the range of $150 million annually.
Jhoulys Chacin will start on Opening Day, April 3 against the Dodgers in Los Angeles, Dennis Lin of the San Diego Union-Tribune reports. It will be Chacin’s second Opening Day start, the other coming in 2013 with the Rockies against the Brewers. He’ll be the fifth different Padres pitcher in as many years to start on Opening Day.
Chacin, 29, inked a one-year, $1.75 million contract with the Padres in December. The right-hander spent the 2016 season with the Braves and Angels, compiling an aggregate 4.81 ERA with a 119/55 K/BB ratio in 144 innings.
Lin notes that Chacin will be followed in the rotation by Clayton Richard and Jered Weaver. It will be an interesting rotation, to say the least, as it will arguably be the worst in baseball.
Matt Boyd has earned the No. 5 spot in the Tigers’ starting rotation, which means veteran Anibal Sanchez will pitch out of the bullpen, MLB.com’s Jason Beck reported on Wednesday.
Boyd, 26, pitched well this spring, compiling a 2.49 ERA with a 21/0 K/BB ratio in 21 2/3 innings. The lefty’s numbers in the majors last year weren’t nearly as good.
Sanchez, 33, is coming off of the worst season of his career and overall didn’t have a great spring, putting up a 5.03 ERA with a 20/4 K/BB ratio in 19 2/3 innings. He came on strong at the end, however, tossing 14 consecutive scoreless innings. Manager Brad Ausmus didn’t rule out the possibility of Sanchez returning to the rotation at some point.