Monday, February 26, 2024
HomeSportsDiamond Sports reaches agreement for Bally to broadcast Rangers games through 2024

Diamond Sports reaches agreement for Bally to broadcast Rangers games through 2024

It appears the Rangers are headed back to Bally Sports Southwest for at least one more year.
Maybe more.
Advertisement
In a motion filed Friday with the Houston-based US Bankruptcy Court for the Southern District of Texas, Diamond Sports Holding, which operates Bally, requested Judge Christopher M. Lopez’s approval of an amended TV rights agreement with the Rangers for 2024. The agreement, if approved, would also allow the Rangers the ability to seek alternatives for new broadcasting partners for 2025.
Advertisement
The details of the amended rights fee, however, was under court seal. The Rangers’ contract, which originally ran through 2034, called for an average annual rights fee of $111 million. In a report in The Athletic earlier in the week, an unnamed source suggested teams that ended up with Diamond for 2024, would see at least 85% of their contracted revenue.
Rangers Be the smartest Rangers fan. Get the latest news. SIGN UP Or with: Google Facebook By signing up you agree to our Terms of Service and Privacy Policy
The next scheduled court date is Feb. 9, at which time Judge Lopez could approve the tenets of the deal. Also in front of Judge Lopez are Diamond’s plans for emerging from bankruptcy and becoming financially solvent long-term.
Advertisement
“We are pleased to have reached agreements with the Cleveland Guardians, Minnesota Twins and Texas Rangers that work for all parties and enable us to continue delivering high-quality, live game broadcasts on Bally Sports to dedicated fans through the 2024 season,” a Diamond spokesperson said via statement.
The Rangers declined to comment on the matter Friday.
The Rangers, who haven’t even been able to lock down spring training broadcast dates because of the ongoing litigation, would get more control of their rights going forward. If the motion is approved, they would be permitted to seek a new broadcast partner for 2025, but could also return to Diamond if there isn’t something more attractive.
Advertisement
The Amendment “does not foreclose alternative, consensual arrangements between the parties,” the motion stated.
Advertisement
Find more Rangers coverage from The Dallas Morning News here.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

Translate »