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Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.

 

Cavan Biggio hits for the cycle

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Blue Jays second baseman Cavan Biggio hit for the cycle on Tuesday against the Orioles. Cavan, the son of Hall of Famer Craig Biggio, struck out in the first inning, but bounced back to hit a two-run homer in the third. He followed that up with a single in the sixth, a double in the eighth, and a two-run triple in the ninth.

Biggio is the sixth player to hit for the cycle this season, joining Jorge Polanco (Twins), Shohei Ohtani (Angels), Jake Bauers (Indians), Trea Turner (Nationals), and Jonathan Villar (Orioles). He’s the third member of the Blue Jays to hit for the cycle, joining Jeff Frye and Kelly Gruber. In case you were wondering, yes, Craig Biggio has also hit for the cycle. He did so against the Rockies on April 8, 2002. Craig and Cavan are the second father-son duo to both hit for the cycle, joining Gary and Daryle Ward, Sportsnet notes.

After Tuesday’s 4-for-5 performance, Biggio is batting .230/.361/.425 with 14 home runs and 42 RBI in 379 plate appearances on the season.