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.
Free agent right-hander Yovani Gallardo is headed back to the Brewers on a major league deal, The Athletic’s Ken Rosenthal reports. No other terms have been reported yet, as the agreement is still pending a physical.
Gallardo, 31, completed a one-year run with the Mariners before getting his $13 million option declined by the team last month. He provided little value during his time in Seattle, pitching to a 5-10 record in 22 starts and putting up a 5.72 ERA, 4.1 BB/9 and 6.5 SO/9 in 130 2/3 innings as both a starter and reliever.
Still, assuming the veteran righty is on the cusp of a comeback, he may as well try for it with his original club. Gallardo last appeared for the Brewers from 2007 to 2014, racking up a cumulative 20.8 fWAR and peaking during the 2010 season, when he earned his first All-Star nomination and Silver Slugger award. This will be his ninth career season with the club.
Even with Gallardo aboard, the Brewers are expected to continue deepening their pitching stores for 2018. With team ace Jimmy Nelson still recovering from shoulder surgery, the club will enter the season with a projected rotation of Gallardo, Zach Davies, Chase Anderson and Junior Guerra, the latter of whom pitched just 70 1/3 innings in 2017 following a right calf strain and shin contusion. Another big name pitcher could help cement Milwaukee’s rotation and keep them competitive for another year, though they don’t appear to have made any concrete moves in that direction so far.