) aired on the RSNs, with fears Diamond may walk away from those contracts amid bankruptcy. This has reverberated throughout the leagues and teams and led MLB reportedly into thus far unsuccessful talks to negotiate some type of a buyout of the RSNs.But how in danger are the RSN deals in bankruptcy? They are certainly substantial risks to what is a very large income stream for the teams. In the first nine months of last year, Diamond made sports rights fee payments of $1.
Put simply, unless the point of Diamond’s prospective bankruptcy is to unwind its business rather than reorganize, it will not want to lose its relationships with the teams, which are the core of the operation. Many of these media deals were struck before the massive decline in cable subscribers, so the teams could be faced with renegotiating with Diamond in bankruptcy or starting from scratch with new entities that recognize the old contracts are paying too much to the clubs.
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