ESPN Set to Sign Major Extension with MLB

ESPN are reportedly close to signing an eight-year extension for Major League Baseball rights according to SportsBusiness Journal.

The deal estimated at $5.6B (an average of $700M per year), ambulance approximately doubling the nearly $306M ESPN currently pays MLB every year for domestic TV rights.

The new deal adds in digital, medicine international and radio, for which ESPN is paying MLB around $50M currently, sources said. Sources added the deal will be announced as soon as this afternoon. As part of the deal, which runs through 2021, ESPN retains the rights to “Sunday Night Baseball,” its Monday and Wednesday night games and highlights for “Baseball Tonight.” 

ESPN also will carry one Wild Card playoff game, sources said. In its current deal, ESPN does not have rights to any MLB playoffs. As part of the deal, ESPN adds more digital rights, the rights to show games in-progress and some radio and international rights. ESPN also picked up rights to carry games featuring more popular teams, like the Yankees and Red Sox, more frequently.