Phillies, Hunter Pence avoid arbitration for $10.4 million

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Hunter Pence and the Phillies won’t be needing an arbitration hearing, as Jon Heyman of CBSSports.com reports that the two sides have agreed to a one-year deal worth $10.4 million.

Pence submitted an $11.8 million request while Philadelphia countered at $9 million, which is a very big spread relative to other filings and may have kept the Phillies from adding another piece until they knew what his salary would be.

Pence, who was acquired from the Astros at midseason, earned $6.9 million last year while hitting .314 with 22 homers and an .871 OPS. He’ll be eligible for arbitration for the final time in 2013, at which point he’ll be a free agent at age 30.

MLB sells share of BAMTech to Walt Disney Co. for $900M

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NEW YORK – Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.