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Jon Lafayette

Game On: Sinclair, Diamond Sports, Amazon in Deal To Keep Regional Sports Networks in Business

Sinclair Diamond Amazon RSNs MLB Bally Rob Manfred Bally Sports
A Bally Sports sign below the basket at American Airlines Center, home of the NBA’s Dallas Mavericks.

Sinclair and its bankrupt Diamond Sports Group unit reached a deal that could keep Diamond’s ailing Bally Sports regional networks alive beyond 2024.

Sinclair will initially give Diamond $495 million to settle their lawsuits. Sinclair expects to get more than $200 million of that back from a richer management service agreement, substantial tax benefits and receiving other assets.

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