MLB nearing a deal to extend TV deals with Fox, TBS through 2021

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ESPN has already singed an extension on its TV deal and now Fox and TBS are lining up to do the same:

Under the deals, which are likely to be announced before the postseason, Fox will retain rights to the World Series and to a league championship series every year, the person said, speaking on condition of anonymity because no announcement has been made. The amount baseball receives from the two networks is likely to double to an average of about $800 million annually.

Back of the envelope math has that putting another $13-14 million per year in each team’s bank account over and above what they’re getting now. Add that to the ESPN deal which we talked about a few weeks ago, and that’s about $26-27 million more for each team every year by virtue of the new national TV deals. That’s big money for doing absolutely nothing.