Rob Manfred, the MLB commissioner, expressed relief over Diamond Sports Group's bankruptcy resolution, which offers short-term stability as the league strategizes for long-term media rights. He highlighted the success in maximizing club economics and the flexibility available by 2028 for negotiations.
Six MLB teams have new deals with Diamond, while MLB retains local media rights for seven teams. The league aims to nationalize broadcast rights to enhance revenue and eliminate local blackouts, focusing on convincing clubs of the economic benefits.
Big-market teams pose challenges for revenue sharing, with discussions still pending among owners like Hal Steinbrenner of the New York Yankees and Steve Cohen of the New York Mets. The future of MLB's media strategy hinges on collaboration among all 30 teams and the players' union.