UPDATE: Multiple outlets are reporting that the Phillies TV deal is $2.5 billion over 20 years. Or $100 million a year. That’s a nice bit of scratch.
8:29 AM: The Phillies may not know exactly how to rebuild for the future, but they won’t be lacking for money to do it. The Phillies and Comcast/NBC Universal have agreed to a massive new broadcast deal. Here’s the statement from Comcast SportsNet (Comcast owns NBC Universal and, by extension, this blog):
Matt Gelb of the Philadelphia Inquirer reports that the deal is for at least 20 years. Given the price other teams’ TV rights have gone for, it’s not a stretch to guess that the deal would be in the billions.
The current TV deal was set to expire following the 2015 season.