Whoa! color me astounded!!
during the court hearing, Twins front-office dude Dave St. Peter testified that the Twins contract with BSN this season called for BSN to pay....................
$54.8-Million. that's $54.8-million.
I believe this is the first time that figure has been revealed publicly. a lot of outlets, including Forbes magazine, have been using the figure of $43-million as their best guess/estimate as to the value of the Twins' deal with BSN,
also, news that BSN was trying to negotiate a new deal with the Twins: (from the Strib)
St. Peter testified that Diamond, in an effort to negotiate a new five-year contract earlier this year, offered to pay $54 million for 2024, with a 1% increase each following season, basically undercutting their claim that the current fee is unfair.
BSN also pays the Twins $2 million a year, St. Peter revealed, for the rights to stream its telecasts, but only to its cable or satellite subscribers.
now, BSN/Diamond has a choice to make - pay the Twins or lose the rights. as far as what G4L just posted - if BSN did not pay the Twins, they would be in violation of a court order and likely face additional penalties. back to the article:
But under bankruptcy law, Diamond Sports now has the right to ask the court to terminate the contracts, since the networks say that, with the possible exception of the Guardians' deal with Bally Great Lakes, they lose money by televising those teams' games.
The court has yet to set a date for Diamond Sports to retain or reject its contract with the Twins, though in addition to unpaid fees due in April, Bally Sports North has another payment due on July 1.