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.
John Farrell will return to manage the Red Sox next season, provided he is healthy enough to do so, the club announced Sunday morning in a press release.
Torey Lovullo, who has been serving as Boston’s interim manager since Farrell was diagnosed with lymphoma, signed a two-year contract to return as Farrell’s bench coach. Lovullo also forfeited his right to pursue another managerial role with the new deal.
Farrell guided the Red Sox to the World Series title in 2013 and the problems with the Red Sox over the last two seasons have been more about roster construction.
Dave Dombrowski took over the front office from Ben Cherington back in mid-August and will try to turn things around this winter.
All of the other coaches on Farrell’s staff will return except first-base coach Arnie Beyeler.
Stephen Piscotty took the brunt of a frightening outfield collision last week at PNC Park, but he only suffered a mild concussion and was cleared for baseball activities a couple days later.
Now he is back in the Cardinals’ starting lineup, batting second and playing right field Sunday in the first half of a doubleheader against the Braves at Atlanta’s Turner Field.
Piscotty has an impressive .867 OPS with seven home runs and 39 RBI over his first 62 major league games. He should be a big part of the Cardinals’ postseason push, drawing starts in the corner outfield spots and at first base.
St. Louis will get either the Pirates or Cubs in the NLDS.