BKIslandersFan
F*** off
But how much are they willing to pay? Rockies do have an option of taking less and going to broadcast TV network like Golden Knights did.
Collapse of Regional Sports Networks (Diamond Sports Group files bankruptcy, Warner-Discovery looking to leave business, Xfinity drops Bally)
- Thread starter Headshot77
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Kirk Van Houten
Registered User
- May 7, 2019
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That's a great question and I'm not sure how much they're willing to pay but the Rockies may not have too many optins
The Rockies have as many options as the Pirates.
1) Go it alone, and try to work out their own local deal
2) Sign on with the new/existing broadcaster
3) Take the 80 from MLB
I know most Pittsburgh fans are hoping for #2, but are expecting #3. Owner Bob Nutting does everything on the cheap with minimal effort.
awfulwaffle
Registered User
Sorry, there's a lot going on in this thread. I'm just curious, anyone have $$ amounts of what the Suns will make from the OTA deal they made versus what they were getting from Bally?
I just don't feel like OTA $$ will be the same, but I could be wrong on that.
This is a huge shift in the landscape of sports, as NBA, MLB, NHL all rely in some part(some more than others) on the money from RSN deals. It'll be interesting to see what happens down the road. Before, you had the option to get the RSN and have all your local sports on their really. Now, you're going to have to pick and choose, it'll wind up being more expensive IMO than it was previously.
I just don't feel like OTA $$ will be the same, but I could be wrong on that.
This is a huge shift in the landscape of sports, as NBA, MLB, NHL all rely in some part(some more than others) on the money from RSN deals. It'll be interesting to see what happens down the road. Before, you had the option to get the RSN and have all your local sports on their really. Now, you're going to have to pick and choose, it'll wind up being more expensive IMO than it was previously.
I think it will depend on the franchise. I have no idea what VGK is getting from Scripps, but I am willing to bet the Penguins will make more by owning SportsNet Pittsburgh (and its streaming component) than they made with AT&T. Even though their RSN deal was rumored to be pretty solid.
Kings just sent out a press release that they have worked out a deal with Bally's.
Also good news for chord cutters.
www.nhl.com
Also good news for chord cutters.
LA Kings Announce Television Schedule For 2023-24 Regular Season | Los Angeles Kings
Highly Anticipated Season Begins New Broadcast Relationships, Games To Be Simulcast
www.nhl.com
TheLegend
"Just say it 3 times..."
Diamond looking to salvage what little they have left......
(Not going to end well IMNSHO)
nypost.com
(Not going to end well IMNSHO)
Exclusive | Diamond Sports seeks to cut NBA, NHL fees in last-ditch bid to survive another year: sources
The Sinclair subsidiary, which declared bankruptcy in March with $9 billion in debt, owns the broadcast rights to 15 NBA teams and 12 NHL teams as both leagues prepare to open their seasons next mo…
nypost.com
GindyDraws
#HutchOut
Think my problem is that there will be some sports teams like the Indiana Pacers who will side with Diamond Sports as they refuse to invest in their own infrastructure for financial reasons. In other words, they are too miserly.
So, we are going to see teams break off as they get fed up with all this and we will be aware of the real penny pinchers.
So, we are going to see teams break off as they get fed up with all this and we will be aware of the real penny pinchers.
Off topic: What’s with the 20 year old photo of Chris Pronger and the Blues used in the story?Diamond looking to salvage what little they have left......
(Not going to end well IMNSHO)
Exclusive | Diamond Sports seeks to cut NBA, NHL fees in last-ditch bid to survive another year: sources
The Sinclair subsidiary, which declared bankruptcy in March with $9 billion in debt, owns the broadcast rights to 15 NBA teams and 12 NHL teams as both leagues prepare to open their seasons next mo…
Yep this is why I scratch at my head at sports fan bashing cable when cable was the best thing to happen for sport fans.
Golden_Jet
Registered User
- Sep 21, 2005
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I’m curious how much revenue will be lost after new deals are completed.
As that is part of HRR and the 50/50 split.
As that is part of HRR and the 50/50 split.
Well according the article is Bally's told NBA and NHL they want them to take a 20% bulk cut across their teams. The New York Post said the Financials for NBA 15 teams who have deals with Diamond is $600m annually so and the 20% cut would save Diamond $120m yr. That's a $8m yr on average per team loss of annual revenue for 50% of NBA teams. They're upcoming TV deal with soften that blow, though NY Post thinks it will hurt the NBA cap.
The big question is how much was Diamond paying NHL's 12 teams you'd have to think at least half so call it $300m yr. A 20% cut would be a reduction of $60m yr. That's a $5m yr on average per team loss of annual revenue for almost 40% of NHL teams.
The more telling fact of how dire things are is the NY Post citing the NBA/NHL are going along with this largely because cited they aren't prepared for it. Diamond has said if this doesn't will dispose of under performing teams to balance accounts.
Ultimately feel we might see a temporary increase in the cap before a adjustment back down. Maybe domeome here with more known the cap can share their views.
Golden_Jet
Registered User
- Sep 21, 2005
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Well if it is 60 million lost , that would mean about a 1 million lower cap.
I've been back and forth on this but hockey fans should be cheering on Diamond to do better financially because if Diamond starts deciding they need to cut a team or two away to stay viaable that could prove to be a issue. Worst case obviously is Diamond goes belly up.
TheLegend
"Just say it 3 times..."
Diamond will go belly up.
Right now they’re just rearranging the deck chairs on the Titanic.
Diamond Sports seeks to cut NBA, NHL fees in last-ditch bid to survive another year: sources
That would be a monumental heavy blow. Which is why it seems NBA/NHL aren't making such a stink about the 20% cut they're being asked to take. 80% $480m of $600m in local rights payments for the NBA is better than 0%.
For the NHL assuming the NHL is getting at minimum half $300m of the $600m the NBA is getting 80% $240m is also better than 0%. The heavy lift of having to come up with equal media revenue to replace Diamond while having to spend to produce broadcast and sell packages could be too much unless they partner with a big media partner to share the cost burden.
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TheLegend
"Just say it 3 times..."
In Arizona the DBacks and Suns/Mercury have already jumped ship because they will end up at least doubling their reach area. That just leaves the Coyotes.
And I can tell you in the case of the Coyotes they are already looking elsewhere. Their 10 year deal with Bally’s (which originated with Fox Sports) ends after this season.
I’m sure other teams are going to look closely at what these teams have already done and go a similar route.
It’s not a matter of IF anymore…. It’s a matter of WHEN.
Doubling reach is good but the problem is turning reach into viewers and monetizing that.
TheLegend
"Just say it 3 times..."
It’s a gamble they have deemed worth the risk.
Because you can’t sell product to someone if they can’t see it.
KevFu
Registered User
This is the new reality in such simplistic terms. You have to pick "reaching and making fans" or "getting the most money from existing fans" in the new regional sports TV revenue reality.
Headshot77
Bad Photoshopper
The solution is ads. If you could have an app with 1 million people watching 82 games for free, or an app where 100,000 people are watching 82 games for $10/mo, the higher ad revenue can close that gap. The app itself should be the "loss leader" that gets people in the door and invested.
NSH615
...
- Feb 13, 2013
- 11,183
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How much room do they have for ads before it just becomes noise and nothing else? I'm already there myself and I couldn't name a single sponsor of my favorite team outside Bridgestone even though I watch every game and had season tickets through this past season. I just don't understand how advertisers get return on what they are paying for these ads at this point.
Bally Sports Reportedly Hopes to Strike Deals With YouTube TV & Hulu To Save The Channel | Cord Cutters News
Last week, The New York Post reported that a deal had been reached between Comcast and DIRECTV to extend Bally Sports’ contracts with the pay-TV providers. Cord Cutters News has since independently confirmed the news. Now, the Wall Street Journal reports that Diamond Sports, the parent company...
cordcuttersnews.com
It's a rehash of the NY Post article but see details.Bally Sports Reportedly Hopes to Strike Deals With YouTube TV & Hulu To Save The Channel | Cord Cutters News
Last week, The New York Post reported that a deal had been reached between Comcast and DIRECTV to extend Bally Sports’ contracts with the pay-TV providers. Cord Cutters News has since independently confirmed the news. Now, the Wall Street Journal reports that Diamond Sports, the parent company...
Bally Sports must pay 14 NBA teams to keep their TV rights. These payments are expected to happen on October 1 or November 1, 2023. According to the report, the average fee owed to each team is about $40 million. If Bally Sports wants to keep all of the teams, it will have to pay about $560 million, though that is reportedly to be paid in installments over the season. (It is being reported that the Pelicans have already been paid, leaving 14 teams left.)
The NBA teams Bally Sports currently has contracts with are the Detroit Pistons, Orlando Magic, Indiana Pacers, New Orleans Pelicans, Minnesota Timberwolves, Cleveland Cavaliers, Oklahoma City Thunder, Los Angeles Clippers, Atlanta Hawks, Charlotte Hornets, Memphis Grizzlies, Dallas Mavericks, San Antonio Spurs. Miami Heat, and Milwaukee Bucks. (The Pelicans have reportedly already been paid.)
The NHL teams that Bally Sports currently has contacts with are the Arizona Coyotes, Detroit Red Wings, Florida Panthers, St. Louis Blues, Minnesota Wild, Columbus Blue Jackets, Anaheim Ducks, Carolina Hurricanes, Nashville Predators, Dallas Stars, Tampa Bay Lightning, and the Los Angeles Kings.
The sports channel might drop some of the more unprofitable teams if a deal isn’t reached. Time is running our for Bally Sports to decided who it will pay and who it may want to cancel its contracts with.
rsteen
Registered User
- Oct 1, 2022
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Tampa's Bally deal was only $15M as of 2021 (Calculating an NHL team's finances and plan for expanding revenue)
I'd assume the biggest deals out of the Bally teams would be the Red Wings, Kings and Wild. The other teams seem like they would be on par with Tampa or even lower (Coyotes....). The total could be closer to $200M than $300M.
