Major League Baseball is prepared to step in and block a renegotiated carriage deal between Sinclair’s bankrupt regional sports networks subsidiary, Diamond Sports Group, and the Arizona Diamondbacks.
As thoroughly reported Tuesday by the New York Post, under new terms negotiated under the framework of Diamond's Chapter 11 restructuring, the Arizona club would agree to tear up the 20-year, $1.5 billion deal it signed for its linear local TV rights back in 2015 and accept a new pact valued at 20% less per season for five years. It adds up to a haircut of around $15 million per season.
