Report: Dodgers to make more than $6 billion from TV contract
After a new agreement, the 'Los Angeles Times' reports the Dodgers could easily add two more contracts worth nine figures.
By
Matt Snyder
•
1 min read
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Don't expect the Dodgers to be strapped for cash anytime soon.
According to the Los Angeles Times, the Dodgers stand to keep more than $6 billion from their new TV contract with Time Warner Cable after reaching an agreement with Major League Baseball. The report indicates that the team and MLB agreeing ends a staredown between the two in US Bankruptcy Court and ends the court's jurisdiction of Dodgers business. As part of the settlement, the Dodgers reportedly would end up paying almost $2 billion to the revenue-sharing pool.
And now is where things get juicy. Los Angeles Times reporter (Bill Shaikin) asked Todd Boehly a hypothetical question on whether or not the Dodgers would have the ability to add two more $100 million-plus contracts -- Shaikin had a Clayton Kershaw extension and free agent addition of Robinson Cano in mind -- and the answer is yes. And there's more where that came from.
"And, if there was a need to put another $100 million into the stadium, we could do that too," said Henry Silverman, senior managing director of Guggenheim Partners -- the Dodgers ownership group (latimes.com).
From the sounds of things, the Dodgers are going to dwarf the Yankees' payroll in a few years.
