MLB's New TV Deal With Turner Sports Proves Owners Are Full of it When Talking Profits
By Scott Rogust
Major League Baseball and its owners continued to dig themselves deeper into their hole this week. Commissioner Rob Manfred looks ineffectual as ever in negotations with the MLB Players Association, as owners keep crying poor about not having fans in stands this upcoming season and demanding massive concessions from players. Well, this latest news is going to make owners look even worse in the eyes of players and fans.
According to Andrew Marchand of the New York Post, the MLB and Turner Sports have agreed to terms on a billion-dollar contract that will allow the network to continue airing one League Championship Series and other playoff games for the foreseeable future.
Marchand has yet to receive the specific money and length on the new deal, as both parties declined comment. All that's known is that talks were in the $500 million per year range.
Their current deal with the league is worth $350 million annually, which expires after the 2021 campaign.
This won't sit well with the players, who have been adamant in negotiations that they receive a full prorated salary for the 2020 campaign. Instead, the league recently offered them 70% prorated for a 72-game season, with the opportunity to increase it to 80% if they are able to complete the postseason without threat of cancellation from a second wave of the coronavirus.
Owners keep insisting that their jobs aren't as profitable as we all think. This news bomb from Marchand tells us otherwise.