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Thread: Bally Sports possible bankruptcy?

  1. #301
    breath westofyou's Avatar
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Cyclone792 View Post
    Pretty remarkable article here from The Athletic on the MLB/Bally hearing that took place this week. In short, they don't like each other. And Manfred made it clear how he feels about Bally. Manfred has also assured all clubs involved that MLB will backstop each time at 80 percent should Bally bail. That's essentially a promise to MLB teams that the haircut they'd take would be a smaller one.

    https://theathletic.com/4569671/2023...uptcy-hearing/

    And tonight, about an hour ago, the judge ruled in favor of MLB that Bally owes the full rights fees.

    Let's hope Bally's implosion now ramps up full throttle in the coming weeks so we can finally rid ourselves of blackouts.
    Time to revamp those local vs National packages.

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  4. #302
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by westofyou View Post
    Time to revamp those local vs National packages.
    Yep, it gets real interesting after this year. MLB has some big decisions to make

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  6. #303
    Rally Onion! Chip R's Avatar
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Sea Ray View Post
    Yep, it gets real interesting after this year. MLB has some big decisions to make
    I wonder if the teams that have deals with Bally are free agents after this year. Also, if a team isn't getting their full share of TV money I would expect them to cut payroll next year.
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    Re: Bally Sports possible bankruptcy?

    For all but a handful of teams next year, they are going to need to cut payroll by at least 20%.

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Chip R View Post
    I wonder if the teams that have deals with Bally are free agents after this year. Also, if a team isn't getting their full share of TV money I would expect them to cut payroll next year.
    Any team that Bally has stiffed will be free agents but so far that doesn't include our Reds. Furthermore, is there a model out there where MLB can replace the dollars paid out by Bally? It's complicated 'cause the big boys are generating lots of cash from their huge subscription fees. They're not going to likely give up their blackout rights. I don't know where this is going but I'm glad I'm not Manfred right now. I think he'd much rather juggle a labor dispute than this

    https://www.espn.com/mlb/story/_/id/...le-mlb-nba-nhl

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    Quote Originally Posted by mgbrown66 View Post
    For all but a handful of teams next year, they are going to need to cut payroll by at least 20%.
    Basically all but the big markets will have to cut payroll, making the divide between the haves and have nots even greater

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by mgbrown66 View Post
    For all but a handful of teams next year, they are going to need to cut payroll by at least 20%.
    They are losing 20% of their TV revenue for the remainder of this year, not 20% of their entire payroll for the entire year.

    If the Reds are getting $40M a year from Bally’s, that would mean they only would be losing $5M.
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Chip R View Post
    I wonder if the teams that have deals with Bally are free agents after this year. Also, if a team isn't getting their full share of TV money I would expect them to cut payroll next year.
    Teams aren’t losing that much, just 20% of their TV money for the remainder of the season. I also think nearly every team expected this and calculated this risk into this year’s payroll. I am guessing the possibility of losing all their TV money this year was the Reds rationalization for cutting payroll so drastically this season.
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by 757690 View Post
    They are losing 20% of their TV revenue for the remainder of this year, not 20% of their entire payroll for the entire year.

    If the Reds are getting $40M a year from Bally’s, that would mean they only would be losing $5M.
    Good point. But the opportunity cost? That's a decent relief pitcher isn't it? Especially when other teams won't have the money in their budget next year.

    As an owner you probably wished you hadn't taken a dump on your fanbase by asking them where else were they going to go. Tickets and gate receipts mean more than ever before.
    Last edited by mgbrown66; 06-02-2023 at 10:59 AM.

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by 757690 View Post
    Teams aren’t losing that much, just 20% of their TV money for the remainder of the season. I also think nearly every team expected this and calculated this risk into this year’s payroll. I am guessing the possibility of losing all their TV money this year was the Reds rationalization for cutting payroll so drastically this season.
    And in the case of the Reds that 20% should be pretty easily recouped in attendance numbers as long as the team continues to overperform preseason expectations. The Bally situation should not be an excuse for teams to cut payroll, nor should players/fans accept that thought process.

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by 757690 View Post
    Teams aren’t losing that much, just 20% of their TV money for the remainder of the season. I also think nearly every team expected this and calculated this risk into this year’s payroll. I am guessing the possibility of losing all their TV money this year was the Reds rationalization for cutting payroll so drastically this season.
    The issue is next year, not this year. Not much teams can do to cut payroll this year. As for the Reds they haven't had their revenues cut by Bally as of yet

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    Quote Originally Posted by Wayne Krivsky View Post
    And in the case of the Reds that 20% should be pretty easily recouped in attendance numbers as long as the team continues to overperform preseason expectations. The Bally situation should not be an excuse for teams to cut payroll, nor should players/fans accept that thought process.
    The Reds have already cut payroll. Us fans painfully know that

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Sea Ray View Post
    The issue is next year, not this year. Not much teams can do to cut payroll this year. As for the Reds they haven't had their revenues cut by Bally as of yet

    - - - Updated - - -



    The Reds have already cut payroll. Us fans painfully know that
    Right. The big issue is what happens next year. If Bally’s goes under, the Reds should be free agents on their TV deal and be able to shop around for another deal.

    The question is “can they get as good a deal?” Considering that Bally’s had a hard time staying in business under the deals they negotiated, it’s likely someone else will want to pay less. The best outcome for the Reds, I think, is if MLB decides to take over everyone’s TV deals, making it a national market like the NFL. But I doubt MLB will do that.
    Hoping to change my username to 75769024

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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by Sea Ray View Post

    The Reds have already cut payroll. Us fans painfully know that
    Yeah if anything the Reds should be one of the least affected teams by this, at least in the short term. Long term we will have to wait and see what MLB does. I'm skeptical networks are looking at Bally right now and are eager to offer big money for MLB TV rights. It's very possible that 20% cut in TV money could be the new norm.

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  21. #313
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by 757690 View Post
    They are losing 20% of their TV revenue for the remainder of this year, not 20% of their entire payroll for the entire year.

    If the Reds are getting $40M a year from Bally’s, that would mean they only would be losing $5M.
    20% of 40 million is 8 million.. That's pretty significant, esp with our penny-pinching ownership.

    Also, isn't there speculation that the Reds deal is really 50-60 million?
    One of the linked articles said the suns got about 40 million, and even the Marlins made a lot more than that.
    Seems like the Reds would get a deal that would be at least as good as the Marlins.
    But yea, all speculation, our sneaky owners never made the TV deal public, so they could cry poor.
    Last edited by REDREAD; 06-02-2023 at 02:13 PM.
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  22. #314
    Rally Onion! Chip R's Avatar
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    Re: Bally Sports possible bankruptcy?

    Quote Originally Posted by 757690 View Post
    Teams aren’t losing that much, just 20% of their TV money for the remainder of the season. I also think nearly every team expected this and calculated this risk into this year’s payroll. I am guessing the possibility of losing all their TV money this year was the Reds rationalization for cutting payroll so drastically this season.
    Right but it gives them an excuse to cut payroll. "Hey, we were going to spend but we didn't get all of our TV money that we projected so now we can't."

    The Reds should not be affected by this because A. They are still getting all their TV money and B. They have a lot of money coming off the payroll in 2024 with few players due large raises. They could actually zig when other teams zag. While other teams cut back on payroll, the Reds theoretically get a big contract or two and still have a payroll under $100M.
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    Re: Bally Sports possible bankruptcy?

    Another article on the topic...

    Court Rules In MLB’s Favor In Diamond Bankruptcy Hearing

    By Anthony Franco | June 1, 2023 at 9:43pm CDT

    There was a notable development in the Diamond Sports Group bankruptcy saga this evening. The court ruled in Major League Baseball’s favor on yesterday’s hearing regarding Diamond’s efforts to restructure a number of its local broadcasting deals.

    The broadcasting conglomerate has temporarily been paying reduced rights fees (75%, according to Alden González of ESPN) to the Twins, Guardians, Diamondbacks, Reds and Rangers since filing for bankruptcy two and a half months ago. Diamond had sought a ruling that’d require the team to renegotiate their broadcasting contracts to more accurately align with the current market value of broadcasting rights — which has dropped sharply in recent years due to the rise of cord-cutting, contributing to Diamond’s bankruptcy filing. That argument wasn’t persuasive to the court, which concluded that a change in the market “doesn’t mean the contract price is clearly unreasonable” (relayed by Evan Drellich of the Athletic). As a result, Diamond is now responsible for backpay to the five organizations it had been paying the reduced rate. According to González, the court hasn’t yet set the deadline for those payments. If Diamond fails to meet its responsibilities by whatever dates are ultimately chosen, MLB would have the ability to reclaim the broadcasting rights for those clubs from the Bally networks.

    “MLB appreciates the ruling from the federal bankruptcy court in Houston requiring Diamond to pay the full contractual rate to clubs,” the league said in a statement relayed by González. “As always, we hope Diamond will continue to broadcast games and meet its contractual obligations to clubs.” Diamond carried broadcasts for 14 major league teams entering the season. It forfeited the ability to carry Padres’ games earlier this week by opting not to meet a scheduled payment in that contract. MLB promptly took over in-market broadcasting and is making those games available both for streaming on MLB.TV and via other cable platforms. The league reiterated this evening it is prepared to do so for any other contracts which Diamond lets lapse. Today’s ruling increases the odds of Diamond abandoning other deals, though the corporation hasn’t announced any immediate plans to do so.
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