“The current costs associated with performing under the Diamondbacks agreement outweigh the revenues the debtors are able to obtain through broadcasting Diamondbacks games."
While the payment for five seasons has now been determined, the next step will be coming to terms on payments for the five-year periods of 2017-2021 and 2022-2026.
"I do anticipate that eventually, most, if not all the industry, will move in the direction that we’re moving right now, and you won’t have [us] every year doing different rights deals."
"That prematurely ends a 20-year, $1.2 billion deal that was set to run through 2032, and just how the Padres will recoup the $60 million per year from these rights is unknown."
Borrell Associates projects that figure will climb considerably over the next four years as the industry undergoes what it describes as a "great reshuffling."