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.
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