Tuesday, May 20, 2014

Another Cash Influx for the Braves

According to the AJC, the Braves have renegotiated their TV deal.  The Braves were notorious as one of the teams with the worst deals in baseball. The term of the old deal went through 2027 and was signed in 2007 just before the market for local television rights deals skyrocketed.

The only term of this new deal that is known is that the Braves expect to receive $500 million over the life of the deal. That is not chump change and apparently is a significant increase over the old deal, but the true impact of the deal (such as increased yearly revenue, if it is performance/ratings based, and the length of deal). 

Coupled with the new stadium deal (which we all hate but not for financial benefits to the Braves), the Braves have gone from a small market team to an upper-mid market team which is where they should be. The slew of extensions and the Ervin Santana deal are the first results of the new financial reality for the Braves and hopefully there is more to come. Personally I would love to see the Braves go wild during this amateur international signing period, blow past their slot, and just sign everyone they think is worthy. It's probably better for another post, but the weak penalties for blowing international  probably will not last much longer so the Braves should take advantage while they have the opportunity.

Next up for the Braves TV deal: bring back Boog Sciambi!!

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