A THIRD of MLB teams could lose TV contracts & revenue by 2025

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Diamond Sports Group appears to be threatening to drop virtually every MLB team in its portfolio besides the Atlanta Braves, barring renegotiation of the deals on more favorable terms. The court hearing on Wednesday where that message was delivered left the baseball television world in some chaos.

Andrew Goldman, a lawyer for the broadcasting company, said during a federal bankruptcy hearing that Diamond plans to assume “a single telecast rights agreement, that of the Atlanta Braves. All of the other teams, all of Major League Baseball’s other agreements, will be rejected under the plan.”

Read More: https://www.nytimes.com/athletic/5812...

That left eight teams still under contract for 2025. On Wednesday, Diamond said it wants to assume (keep) the contract of the Braves, and reject (drop) the contracts of the Tigers and Rays. But the Tigers and Rays, too, could negotiate new deals.

Now, the five other teams Diamond has deals with — the Los Angeles Angels of Anaheim, Cincinnati Reds, St. Louis Cardinals, Kansas City Royals and Miami Marlins — technically can’t be assumed or rejected because they’re not a formal part of the bankruptcy proceeding. Those teams are referred to as the “joint-venture teams.”

But Diamond has essentially walked away from a “joint-venture” team before — the San Diego Padres were in that same classification when Diamond decided not to pay the team in the middle of the 2023 season, and the club got its rights back.

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