Thursday, November 22, 2012
According to Bloomberg, the Yankees are now signed with the YES Network through 2042—an incredibly long 30-year television contract. The club got $85 million in fees from YES for the current year, and the sale includes a 5 percent increase annually in that rate for 30 years.
That means that by 2042, the club will be making $367 million per year just to have their games shown on TV. At today’s salaries for ball players, that’s enough to pay the top 16 contracts in baseball—with enough money left to fill out the roster.
I have no idea what’s going on with our host now, and don’t feel like spending my Thanksgiving figuring it out so I’m bringing this version of the site back temporarily.
Back to this article, it seems to me that any time you commit to a 30 year contract you may end up regretting it by the end of it. And I don’t want to even get into the whole Rupert Murdoch possibily owning the Yankees eventually thing.
Hey, check it out -- nobody's commented yet! You could be the first to comment on this AWESOME post! Hurry up and think of something to say! And not "First!", or anything like that, because that would be lame, and you'd be lame for doing it. Especially if someone beats you to it.
Well, since you spent so much time reading this, you've probably missed your shot to be first, but go ahead and post anyway. Someone might read it. Not ME, but someone.
Next entry: Fox Sports: Are A-Rod's days at third numbered?