What have you thought of Gabriel Arias spring? For weeks, the Guardians looked like prime candidates to deal starting pitcher Shane Bieber. Caesars Ohio and DraftKings. YouTubes privacy policy is available here and YouTubes terms of service is available here. Chris Antonetti, Guardians president of baseball operations.John Kuntz, cleveland.com. 2023 Advance Local Media LLC. Diamond owns 19 regional sports networks (RSNs) that operate under the Bally Sports name, including Bally Sports Great Lakes, which broadcasts Guardians games. Besides the Guardians, DSG holds RSNs with Arizona, Atlanta, Cincinnati, Milwaukee, Kansas City, Detroit, Minnesota, Los Angeles Angels, St. Louis, San Diego, Tampa Bay and Texas. 21+ and present in Ohio. By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Something of greater interest to Cleveland fans is the Guardians are one of three other teams whose rights the Diamond Sports Group is expected to reject along with the Cincinnati Reds and San Diego Padres, according to one report from the New York Post, while another from Sports Business Journal is less fatalistic. More LOCAL to Love. The Guardians, who declined comment, have a contract with DSG that runs through 2027. That gives the bankruptcy court the right to decide who controls those rights. The White Sox (41-63) will host the Cleveland Guardians (52-51) at 7:10 p.m. Friday in Chicago. By browsing this site, we may share your information with our social media partners in accordance with our. Has the Diamond Sports Group, parent company of Bally Sports, made any of its scheduled payments to the Guardians as required by their regional sports network contract with the team? Each one of those stats is career-high across the board and is towards the top among league leaders. The pitch clock isn't the only one Cleveland. After testimony before a. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 7/1/2023). The Cleveland Guardians said, Unfortunately, we cant comment at this time, when Fox 8 reached out for comment. If youre a parent, you know that mornings can be chaotic. To recap: A federal bankruptcy judge ruled last month that Diamond had to pay the full amount of rights fees contractually obligated to those ballclubs or their rights would revert to Major League Baseball. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 7/1/2023). Your California Privacy Rights / Privacy Policy. Sinclair-owned Bally Sports Ohio and Bally Sports Great Lakes are the television homes of the Cleveland Cavaliers and Cleveland Guardians. 21+ and present in Ohio. Basketball is a fast-moving sport and as with all sports there is a risk of injury associated with playing basketball. YouTubes privacy policy is available here and YouTubes terms of service is available here. As it turns out, they waited barely 24 hours to go get another. Bally Sports is then expected to use the bankruptcy proceedings to reject the contracts of four teams, including the Cleveland Guardians, Cincinnati Reds, Arizona Diamondbacks and the San Diego Padres, the reports say. The next big winner will be revealed Saturday, July 29. If DSG files for bankruptcy and refuses to pay the Guardians or any other team it has a deal with, it could still broadcast the games because it would continue to collect revenue without having to pay rights fees. Caesars Ohio and DraftKings. It's unclear at this point which NBA and NHL teams might also be similarly impacted. By browsing this site, we may share your information with our social media partners in accordance with our. Jul 16. If Diamond Sports loses a significant number of the 41 MLB, NBA and NHL teams they currently have contracts with, they cannot demand as much money from the cable carriers. MLB Commissioner Rob Manfred has said the league will step in and make sure all scheduled games are aired regardless of what action DSG takes. Ghosts from Guardians past still haunt old ballparks: The week in baseball. Now that DSG has filed for bankruptcy here are a couple of ways this could affect the Guardians. But a source told cleveland.com that free streaming might not be a part of these negoations. Im not sure it would be productive given the complexity of it. (Photo by Mark Cunningham/MLB Photos via Getty Images). CLEVELAND, Ohio -- Diamond Sports Group, the parent company of Bally Sports, which holds the television rights to the Guardians and 13 other MLB teams, failed to make a scheduled $140. More LOCAL to Love. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. But declining cable TV revenues, have put it in financial trouble. 21+ and present in Ohio. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 7/1/2023). If you purchase a product or register for an account through one of the links on our site, we may receive compensation. But theres just not a lot of clarity about the situation.. By browsing this site, we may share your information with our social media partners in accordance with our. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. It features highlights from the previous game, a preview of the upcoming game, and news from around baseball. If DSG files for bankruptcy and rejects its contract outright with the Guardians or any other team it has a deal with, MLB would quickly get the rights back and take steps to make sure the games would be televised. Major League Baseball and Diamond Sports Group, which owns the Bally Sports branded family of regional sports networks, have been at loggerheads for some time. With the arrival of BetMGM in Ohio, Ohio bettors can now place bets. See the latest Gunzenhausen, Bavaria, Germany RealVue weather satellite map, showing a realistic view of Gunzenhausen, Bavaria, Germany from space, as taken from weather satellites. Oscar Gonzalez struggling Terry Plutos Guardian Scribbles from Goodyear, Guardians can still offer extensions despite Ballys problems: Hey, Hoynsie. The Rangers originally signed a 20-year, $3 billion deal in 2010 with Fox Sports Southwest, which was purchased by DSG and became Bally Sports Southwest in 2019. CLEVELAND, Ohio -- Diamond Sports Group, the parent company of Bally Sports, which holds the television rights to the Guardians and 13 other MLB teams, failed to make a scheduled $140 million debt payment by Wednesdays deadline as it moved closer to bankruptcy and a reorganization. MLBs regular season starts March 30. 21, 2023, 9:23 a.m. | Published: Mar. Community Rules apply to all content you upload or otherwise submit to this site. According to reports, Diamond offered to make full payments if MLB gave it streaming rights to those teams games. The Guardians, Diamondbacks and Twins are owed theirs on July 1. The Guardians contract with DSG, which operates under the name Bally Sports, runs through 2027 and pays them between $47 million and $52 million a year. Meanwhile, MLB would have to go to bankruptcy court to get the rights back, which would be a lengthy process. I think Shane (Bieber) has had some really good outings. With the support of our creditors, we expect to execute a prompt and efficient reorganization and to emerge from the restructuring process as a stronger company.. The issue has grown contentious, according to recent reports. There was a lot of adversity (Arias suffered a broken right hand). 50% Off Unlimited Digital Access. Diamond said in a financial filing last fall it had debt of $8.67 billion. 19, 2023, 11:11 p.m. Chris Antonetti,. CLEVELAND, Ohio -- Diamond Sports Group, which owns the Guardians regional sports network through Bally Sports, filed for Chapter 11 bankruptcy protection on Tuesday night. Just prior to filing for bankruptcy they missed their payment to the Arizona Diamondbacks, barely missed a grace period deadline with the San Diego Padres on March 29, and now has missed paying their scheduled rights fee payments to Cleveland Guardians and Minnesota Twins, which spurred the league into legal action. The deal will go into effect for the 2024-25 NHL season. Diamond is well capitalized with approximately $425 million of cash on hand to fund its business and restructuring., David Preschlack, CEO of Diamond, in the release said, DSG will continue broadcasting games and connecting fans across the country with the sports and teams they love. Teams, in case of non-payment, could be offered equity in the restructured company after bankruptcy. Bally Sports Ohio carries both the Guardians and Reds on separate sub-feeds. Community Rules apply to all content you upload or otherwise submit to this site. Having problems watching FOX 8 on antenna? The Reds were not involved in the bankruptcy proceeding because the club owns a stake in Bally Sports Ohio. Heading into Wednesday's action, Naylor was slashing .303/.341/.501 with an OPS of .842. Hes got a lot of interesting ingredients that potentially can help a team, said Antonetti Where that fits, and is it the right roster fit, is something we have to make a decision on in the nest 10 days or so.. In a financial filing last fall, the company stated it . One of the things that is really important is depth. According to reports, Bally has informed most Major League League baseball teams for which they hold rights that it will be business as usual. Opinions expressed by Forbes Contributors are their own. Their respective deals with Bally are more weighted in the teams' favor, according to those reports. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Call 1-800-Gambler. The . Sometimes there are different considerations that go into that. The 2023 Guardians are young, talented and affordable: The week in baseball, Yu Chang a big hit for Chinese Taipei in World Baseball Classic, Guardians send down George Valera, Logan Allen, Peyton Battenfield, Joey Cantillo, In February, Noah Garden, MLBs chief revenue officer. Whats clear is Bally Sports Arizona is late on a rights payment to the Diamondbacks. By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. If you or a loved one has questions and needs to talk to a professional about gambling, call the Ohio Problem Gambling Helpline at 1-800-589-9966 or the National Council on Program Gambling Helpline (NCPG) at 1-800-522-4700 or visit 1800gambler.net for more information. Akron Beacon Journal 0:00 0:33 A federal bankruptcy judge in Houston ruled Thursday the Diamond Sports Group has to pay the fully agreed upon rights fees to four Major League Baseball teams including the Cleveland Guardians carried on Bally Sports networks. Its easy to interpret that in terms of profitability or lack thereof. The Guardians president of baseball operations answered questions ranging from the bankruptcy of Diamond Sports Group, parent company of Bally Sports, to the difficulty of putting together the final pieces of the 26-man roster. The contract calls for DSG to pay the Guardians $55 million this year, but they declared bankruptcy in March and a bankruptcy court could determine who controls the rights. The Guardians would not comment on this latest development. The motion continues to argue that Diamond are not only continuing to broadcast the games but are in all likelihood paying production costs to parties other than the Guardians and Twins while receiving money from cable and satellite distributors in exchange. Fox eventually sold its RSNs to Disney, which sold them to Sinclair for $10 billion in 2019 after it purchased ESPN. That means the Guards could carry five outfielders: Myles Straw, Steven Kwan and Oscar Gonzalez with Will Brennan, Roman Quinn and Richie Palacios competing for the two reserve spots. The Guardians contract with Diamond run through 2027. Each guy is working on different things in different outings, building up to a point, said Antonetti. 2023 www.beaconjournal.com. The Dodgers traded Syndergaard (finger) to the Guardians on Wednesday in exchange for Amed Rosario, Pat Ragazzo of SI.com reports.. Syndergaard has been on the injured list since June 8 with a . I dont think it will have on an effect on that, said Antonetti. Despite Diamonds economic situation, there is every expectation that they will continue televising all games they are committed to during the bankruptcy process. YouTubes privacy policy is available here and YouTubes terms of service is available here. What have you thought of the starting rotation, which with the exception of Shane Bieber, has been spotty this spring? In a press release DSG said it will use that time to continue progressing its ongoing discussions with creditors and other stakeholders regarding potential strategic alternatives and deleveraging transactions to best position Diamond Sports Group for the future., The press release added, DSG expects business to continue as usual, and it will keep broadcasting quality live sports productions for fans, while addressing its balance sheet.. Diamond Sports has already allowed their rights to broadcast Padres games to revert to MLB. Sinclair Broadcasting Group in 2019 purchased 21 regional sports networks from Disney for $10.6 billion. Aaron (Civale) actually has also pitched well in terms of what were seeing. Diamond Sports Group, which owns Bally Sports, has declared bankruptcy. With the arrival of BetMGM in Ohio, Ohio bettors can now place bets. Gabby has done an incredible job of building off that adversity last year. CLEVELAND, Ohio -- The Guardians, one of 14 MLB teams to have a regional sports network contract with Bally Sports, could be in for a double-shot of bad news. All rights reserved (About Us). Bally Sports continues to be under pressure in bankruptcy after missing rights fee payments to the [+] Cleveland Guardians and Minnesota Twins. Of the 19 Bally Sports channels, 14 have contracts with MLB teams. He went through a lot last year, said Antonetti. All rights reserved (About Us). We want to have the best team we possibly can, but the goal is to have the best team over the course of the whole year, said Antonetti. By browsing this site, we may share your information with our social media partners in accordance with our. Call it a week of reckoning in the regional sports network universe. Bally Sports televises the Guardians and Cavaliers TV games. The release said DSG will separate its business from Sinclair and become a standalone company. There should be a resolution to the Cleveland Guardians-Bally Sports situation on or around July 1. In the emergency motion, the clubs and MLB claim that DSG have enough financing to pay all their administrative expenses which the motion claims to include the media rights fees contractually agreed to between the various clubs and Diamond. Will the Guardians extend any players contracts this year? The current Raffle runs from Friday, July 14 through Thursday, July 27. Having streamed live games on MLB.TV for more than 20 years and produced live games for MLB Network since 2009, we have the experience and capabilities to deliver games to fans uninterrupted.
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