Diamond Sports Group agreed last year to pay the Padres a fraction of the amount the club was owed through 2032
The Padres will recoup just a fraction of what they were owed when Bally Sports San Diego’s parent company defaulted on its television contract last season, according to a copy of an agreement filed in U.S. Bankruptcy Court on Tuesday. Diamond Sports Group agreed last year to pay the Padres as much as $78.9 million, as first reported by Awful Announcing.
Diamond Sports Group filed for bankruptcy last year as it looked to eliminate more than $8 billion in outstanding debut. The company made an 11th-hour payment to the Padres on the eve of last year’s opening day and was required to make a final payment in May. Instead, Diamond allowed a grace period to expire, sending broadcast rights back to the Padres and Major League Baseball.
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