NEW YORK — The New York Yankees are buying back the YES Network, partnering with Amazon in a deal that will give the company the right to stream games in the team’s broadcast territory.
The deal for the team’s parent company to purchase 80 percent of the network from The Walt Disney Co. values YES at $3.47 billion, nearly $500 million less than when 21st Century Fox acquired a majority stake in 2014.
Yankee Global Enterprises is the lead investor and partnered with Amazon.com Inc. and Sinclair Broadcast Group as its strategic investors, a person familiar with the negotiations told The Associated Press on Friday. The person spoke on condition of anonymity because the purchase was not announced and has up to 120 days to close.
Jon Morosi reported on Saturday that the Marlins signed veteran reliever Brandon Kintzler to a one-year contract worth $3.25 million. The deal includes a club option for 2020 worth $4 million with a $250,000 buyout, according to ESPN’s Jesse Rogers.
Kintzler, 35, put up a terrific 2.68 ERA with 48 strikeouts and 13 walks over 57 innings for the Cubs last season. He’s been mostly good in recent years, but relievers in their mid-30’s have had a tough time finding multi-year deals.
The Marlins have a handful of players who could rack up saves this coming season, namely Drew Steckenrider and José Ureña along with Kintzler. The club will likely use spring training to determine an official closer, if they name one at all. The Marlins have also expressed interest in free agent Pedro Strop.