This deal was not unexpected:
In 2010, I wrote how the Rays' budget problems would be remedied by their impending windfall of TV bucks.
In 2012, I wrote how MLB TV revenues were on-pace to soon dwarf ticket revenues.
In 2015, I wrote how the Rays quietly extended their TV deal, delaying their mega-windfall by what we now know is a couple years.
In 2016, I wrote how the Rays (and every other team) hauled in some $50 million each from selling off a piece of equity in MLB Advanced Media.
So yes, the Rays have a ton of new revenue about to pour in...but its likely not "new" revenue that the team is all of a sudden going to commit to payroll or a new stadium; they are revenues the team was already budgeting.
That deal, according to Sports Business Daily, by the way, will reportedly increase the Rays' TV deal from $35 million in 2018 to $50 million in 2019, climbing all the way through 2033.
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ReplyDeleteAssuming uniformly ascending amounts:
ReplyDeleteYEAR $ MILLIONS
2019 $50
2020 $55
2021 $59
2022 $64
2023 $68
2024 $73
2025 $77
2026 $82
2027 $87
2028 $92
2029 $96
2030 $101
2031 $106
2032 $110
2033 $114
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