Diamond Sports Secures TV Deals with Rangers, Guardians, Twins Amid Bankruptcy

The agreements, pending judicial approval, aim to ensure game broadcasts through the 2024 season, offering a semblance of stability for the involved MLB teams.

Diamond Sports Group, in Chapter 11 bankruptcy, has reached broadcast agreements with the Texas Rangers, Cleveland Guardians, and Minnesota Twins for the 2024 MLB season.
The deals, still awaiting a bankruptcy judge's approval, were negotiated at a discount, reflecting the financial challenges faced by Diamond Sports.
The agreements were facilitated through mediation sessions with the teams and Major League Baseball, highlighting a collaborative effort to maintain game broadcasts.
Despite the ongoing cord-cutting trend impacting revenues, these deals represent a crucial step for Diamond Sports in its reorganization efforts.
The future of streaming rights remains uncertain, as the agreements do not include streaming provisions, underscoring the evolving landscape of sports broadcasting.