PITTSBURGH -- Major League Baseball has reached a new seven-year TV deal with Fox, baseball executives told SI.com on Tuesday morning.
The new agreement, which will be announced at 5:30 p.m. today by commissioner Bud Selig, will guarantee baseball more than the $400 million it received from the network's previous contract, which expires after this season.
According to the new deal, Fox will air the World Series, the All-Star Game, a schedule of Saturday games and one League Championship Series each year, alternating between the leagues from year to year. The other League Championship Series is still up for bids.
Also, TBS is expected to get rights to the Division Series starting in 2007 and weekly regular-season games in '08.