Quote:
Originally Posted by nfotiu
It sounds like hope that the pro sports leagues would acquire the Bally Sports nets has faded, and they are likely heading to a fairly imminent bankruptcy.
https://nypost.com/2022/12/18/mlb-nb...works-sources/
That would leave 12 teams without TV deals or at least severely diminished deals. Probably 500-750 million in combined revenue will evaporate when that happens, and there aren't any obvious solutions to recover that revenue that was built on an unsustainable carriage fee model. |
That sounds way too high for a single year. The article references $60M/yr for the Padres...who I'm sure aren't an amazing viewership draw, but they are the only game in town for a 3M+ metro area. With twice as many games.
Maybe 4 of those NHL contracts are somewhat lucrative: LAK/DET/STL/MIN
The other 8 are probably pretty cheap: ANA/DAL/ARI/FLA/TBL/CAR/CBJ/NAS
And if those contracts do all evaporate, they will be replaced with
something, even if it's a lot cheaper. I suspect these regional deals also include in-rink advertising and an exclusive gambling partnership. So even if the TV rights sell cheaper, they can still sell those rink boards and partner with Draft Kings/etc