Making a major step toward a long-awaited restructuring plan, bankrupt Diamond Sports Group said that it has reached an agreement with the NBA to keep all 13 of the league's teams contracted with Bally Sports on the regional sports network through the 2023-24 season.
After this season, Diamond will relinquish linear regional-sports-network and direct-to-consumer rights early for all 13 teams, with the league fully in control of them. The league then can either renegotiate new terms with the restructured Diamond, perhaps under new ownership at that time, or the NBA could move in another direction with the local TV rights.
