Diamondbacks close to new 15-20 year television deal for 2-3 times as much money

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Local television contracts are becoming increasingly important as teams like the Dodgers and Yankees get massive annual revenue steams and many other teams struggle to secure a fraction of their totals.

Nick Piecoro of the Arizona Republic reports that the Diamondbacks’ contract with FOX Sports Arizona expires after next season and the team is close to signing a new deal that would cover 15-20 more years.

According to Piecoro the new deal “will at least double or maybe triple the previous contract reportedly worth $31 million a year.” That would put the Diamondbacks in line with the Rangers, who recently signed a deal worth around $80 million per season.