Billions (plural) of dollars are reportedly involved.
Fox-TV and Major League Baseball currently have a contract for the network to televise postseason baseball through 2021. According to Andrew Marchand of the New York Post, that deal could soon be extended:
Major League Baseball and Fox are moving toward a new multibillion-dollar deal to extend the network’s longtime hold on the World Series for the foreseeable future, The Post has learned.
Sources said MLB is open to doing an extension with Fox because it is happy with the relationship, and it would be receiving a substantial enough increase without going on the marketplace.
The current deal that Fox has with MLB runs through 2021. At that time, the network will have been broadcasting the World Series for a quarter century. Fox has reportedly been paying $525 million per year.
Marchand’s article doesn’t give specific dollar figures for a Fox/MLB contract extension, but the phrase “multibillion-dollar” would imply that the $525 million a year that MLB is currently getting from that deal would go up. Since all 30 teams share in that money equally, every team would get a revenue boost from a new Fox deal.
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Source:: Bleed Cubbie Blue