Diamond Sports Group revealed in court filings on Wednesday that it has reached new broadcasting deals with the Rays and Tigers, as first observed by Bill Shaikin of the Los Angeles Times (X link). The Rays released a statement confirming their agreement. The Tigers have not commented.
Both teams presumably took reduced rates from their prior contracts with Diamond, which had operated under the Bally Sports name until a recent rebrand. Terms of both agreements remains unreported. Diamond had abandoned its contracts with 11 of its 12 partners, only abiding by the original terms of its agreement with the Braves. Court filings today revealed that some portion of the Braves’ deal was amended, though it’s not clear what changes were made.
Diamond has since hammered out new deals with the Marlins, Cardinals, Angels, Rays and Tigers. The Rangers and Reds are looking elsewhere, while the Twins, Brewers and Guardians agreed to allow Major League Baseball to handle in-market distribution. The Royals are the only team that remains in limbo. Evan Drellich of the Athletic reports that Diamond remains in talks with the Kansas City franchise.
There should be resolution by the end of the week. Diamond is set for a confirmation hearing tomorrow on its reorganization plan. The company needs approval from the bankruptcy court to avoid liquidation. The Braves and MLB had filed an objection last week, expressing their belief that Diamond was in danger of quickly falling back into insolvency. Drellich writes that MLB and the Braves have withdrawn their objection. The Department of Justice is the only party still objecting to Diamond’s plan, as they’ve taken issue with some of the legal releases. That seems to be a minor hurdle, so Diamond appears well positioned to continue operations at least into 2025.