Loading...
Market
Any MLB team receives full $15 million subsidy for lost TV revenue by end of 2024?
3
Major League Baseball•MLB•MLBPA•Collective Bargaining Agreement•CBA•Competitive Balance Tax•Diamond Sports•Noah Garden
Resolution / Starting Odds
Yes • 50%
No • 50%
Official MLB announcements, team financial reports
Story
MLB and MLBPA Amend CBA to Support Teams Losing TV Revenue with Up to $15 Million
Jul 25, 2024, 02:12 AM
Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA) have reached an agreement to amend the Collective Bargaining Agreement (CBA) to support teams losing television revenue. The agreement allows for the redirection of Competitive Balance Tax (CBT) money, with up to $15 million per affected club, to subsidize the lost revenue. This decision comes amid the ongoing regional sports network (RSN) crisis and the bankruptcy of Diamond Sports. Deputy Commissioner Noah Garden acknowledged the challenges faced by RSNs but noted the momentum in ratings. The MLBPA believes that this change will help teams spend more on players. Additionally, MLB is exploring potential direct-to-consumer (DTC) options.
View original story
Similar markets
Yes • 50%
No • 50%
Over 30% increase • 25%
20-30% increase • 25%
10-20% increase • 25%
Less than 10% increase • 25%
Yes • 50%
No • 50%
Increase by over 20% • 25%
Increase by 10-20% • 25%
Increase by less than 10% • 25%
No significant increase • 25%
Minnesota Twins • 25%
Detroit Tigers • 25%
Texas Rangers • 25%
Other • 25%
New York Mets • 25%
New York Yankees • 25%
Los Angeles Dodgers • 25%
Other • 25%
Yes • 50%
No • 50%
New York Mets • 25%
New York Yankees • 25%
Los Angeles Dodgers • 25%
Other • 25%
New York Mets • 25%
Los Angeles Dodgers • 25%
New York Yankees • 25%
Other • 25%