The Philadelphia Phillies and Comcast Sportsnet have come to an agreement to extend their relationship beyond 2015, as David Murphy of Philly.com reports.
Phillies extend TV deal with Comcast
The deal will reach “well beyond” 2015, but the details have not been released.
Doug Pensinger
The previous agreement was set to expire in 2015. It is believed that the Phillies were earning somewhere around $35 million per season under the previous agreement. The details of the extension are unknown, but the Phillies will likely see a drastic increase in annual revenue.
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Until the details are released, the Phillies’ compensation in the deal is unknown, but for a team that has functioned the fourth-largest television market in the country, a place on high-end of that scale seems likely.
The new deal will take effect in 2015, and the buzz surrounding is pretty provocative.
The financial terms are as yet undisclosed, other than sources saying it’s “massive“ and worth ”billions.”
Yeah, billions.
Phillies president David Montgomery has stated that his club never seriously considered moving on Comcast, citing his team’s positive relationship with the company and their role in forming Comcast Sportsnet in 1996.
Pluralizing the word “billion” probably didn’t hurt either.
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