21st Century Fox to take majority control of YES Network


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.

Jharel Cotton to undergo Tommy John surgery

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Athletics right-hander Jharel Cotton will undergo Tommy John surgery, per an announcement on Saturday. Cotton initially experienced some elbow soreness during a Cactus League start earlier this week and was officially diagnosed with a strained ulnar collateral ligament and strained flexor muscle on Thursday. He’ll be out of commission until 2019 at the earliest.

This isn’t the first time Cotton has dealt with elbow issues. According to MLB.com’s Jane Lee, he had screws inserted in his right elbow after sustaining a stress fracture in 2013 and suffered some minor elbow discomfort again last fall. Prior to his diagnosis, the 26-year-old was poised for his third run with the A’s in 2018. He pitched his first full season with the club in 2017, turning in a 5.58 ERA, 3.7 BB/9 and 7.3 SO/9 in 24 starts and 129 innings.

Susan Slusser of the San Francisco Chronicle adds that the team is open to adding pitching depth this spring, though they’ll wait to see if the price goes down on some free agents first. Barring that, right-handed long reliever Andrew Triggs could be tabbed to fill the fifth spot in the rotation.