Major League Baseball's new rights deal with WarnerMedia will pay an average of $470 million per season and run through 2028.
San Francisco Giants Shortstop Brandon Crawford tries his hand at the TV camera before the Major League Baseball game between the San Diego Padres and San Francisco Giants on August 29, 2019 at Oracle Park in San Francisco, CA.Major League Baseball is finalizing a new media rights package with Turner Sports in a deal worth roughly $3.2 billion over seven years, according to industry experts familiar with contract terms.
The MLB did not comment on terms. Two people familiar with negotiations told CNBC the deal is being finalized, but added significant terms of the new pact are complete. Sports Business Journal alsoDan Cohen, senior vice president of Octagon's global media rights consulting division, said the firm labeled the contract as "fair" for MLB, adding it was a "boom" for the sports media rights sector.
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