It looks like Petah boy is about to lose lots-O-money to the Nats.
HOLY SCHNIKEES!!!!And wouldn't you know it, the Orioles' idea of market rates differed from the Nationals' idea. Up til now, the Nats have received just $29 million per season.
Rosenthal writes about a few pertinent comparables, which you have to think will be used by MLB to set the rate:
Washington D.C. is the ninth largest television market, according to Nielsen. The San Diego Padres, who play in the 28th-ranked market, recently completed a deal with FOX Sports San Diego that will pay them a $200 million upfront bonus and $50 million annually for 20 years.
The Texas Rangers, who play in the fifth-ranked market, will receive $150 million per year under a 20-year extension with FOX Sports Southwest, according to USA Today. That deal begins in 2015.
He's been giving them Cherry Hill money, but the Nats are about to move up to Roland Park money.
I did some math. if this negotiation followed simple algorithms (which it won't because Pete knows how to fight), here's what I came up with.
28th market -------16th-17th markets--------10th market--------9th - DC-------5th market
He would go from paying $29M/yr to paying $130M/yr.
if Petey can't afford to compete with his current MASN profits.....do I need to finish that sentence?
The Furure Is Bright!!!!