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.
So much for a last-minute, nail-biting finish to this division race. The Braves cemented their division title with a dominant 5-3 finish over the Phillies on Saturday, laying claim to the NL East title for the first time since 2013.
The Braves asserted themselves right off the bat after amassing a four-run lead from Johan Camargo and Freddie Freeman, both of whom cleared the bases with two-run singles in the first two innings. Ronald Acuna Jr., meanwhile, found another way to make his presence known after swiping his 15th stolen base of the year and joining Alex Rodriguez, Orlando Cepeda, and Mike Trout as one of the youngest players to collect at least 25 home runs and 15 stolen bags in major league history.
Not to be outdone, Atlanta right-hander Mike Foltynewicz delivered one of the strongest starts of his season to date. The righty set down six innings of no-hit ball against the Phillies, and, with just 62 pitches under his belt, looked ready to go the distance before he lost his bid on Odubel Herrera‘s leadoff single in the seventh.
Unfortunately for the Braves, the Phillies not only upended Foltynewicz’s no-hit attempt, but the shutout as well. In the eighth inning, Cesar Hernandez and Rhys Hoskins wrestled two RBI singles from Atlanta’s bullpen and brought Philadelphia within one run of tying the game. Hoskins was the last Phillies batter to reach base, however, as Jonny Venters and Arodys Vizcaino tossed a combined 1 2/3 scoreless innings (backed by a final RBI hit from Kurt Suzuki in the bottom of the eighth) to cap the Braves’ win — and the NL East title.
With the loss, the Phillies sit seven games back of a wild card spot in the National League. They’ll need to outpace the Diamondbacks, Rockies, and Cardinals in order to make 2018 their first postseason-qualifying year since 2011.