Originally posted on Pro Sports Daily  |  Last updated 1/25/13
When the Guggenheim Group paid a stunning $2.15 billion to buy the Los Angeles Dodgers and then made a series of personnel moves that upped the 2013 payroll to a big-league-record $220 million-plus, there were serious questions about just how deep the new owners' pockets were. Those pockets are about to get very deep and very full. Recent reports indicated that the Dodgers were about to finalize a new local television contract with Time Warner Cable that will pay them in excess of $7 billion over at least 20 years, beginning in 2014. The deal will give the Dodgers their own regional sports network, a channel on Time Warner devoted strictly to Dodgers coverage. Time Warner made a similar arrangement with the NBA's Los Angeles Lakers before the current basketball season. The $7 billion windfall would be the largest TV deal in sports history, and it would give the new Dodgers' owners a massive revenue increase. In 2012, the Dodgers received just $40 million from Fox Sports to televise their games in Southern California. That contract with Fox expires with the 2013 season. Every major league team also will get a boost in revenue next season when a new national television deal kicks in. The Dodgers will have to submit the new TV contract to Major League Baseball for approval. A portion of it will be subject to revenue-sharing rules. At $7 billion over 25 years, the average annual value of the contract would bring the Dodgers $280 million in revenue before they sell one ticket to Dodger Stadium. By contrast, the Angels signed a new TV deal with Fox Sports before the 2012 season for $3 billion over 20 seasons (an average of $150 million annually). However, Dodgers fans can expect to pay for their team's new deal. Cable subscribers' monthly bills went up nearly $4 with the addition of the Lakers' channel. A similar bump is expected to follow the Dodgers' move to Time Warner Cable.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

WATCH: Dwight Howard ejected for hanging on rim

NHL rumors: Capitals acquire Blues’ Kevin Shattenkirk in bold trade

Report: Chiefs making ‘strong push’ to make Eric Berry highest-paid safety in NFL

Dana White hints at Conor McGregor's next opponent

Report: Steelers make Brown NFL's highest-paid WR

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Chiefs sign Duvernay-Tardif to five-year extension

MLB considering introducing 'stickier' baseballs

Report: Browns have discussed trading No. 12 pick for Garoppolo

Report: Lowry expected to miss 4-5 weeks, return for playoffs

Report: Cowboys to release Romo in coming weeks

Report: Jennings expected to sign with Hornets

It's time for Satchel Paige Day in Major League Baseball

The best sports movies available to stream right now

Biggest surprises and disappointments of the NBA season

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Eat, Drink, Watch: Your award-worthy weekend planning guide

Grading the NBA trade deadline on the Vince Carter scale

As NHL trade deadline nears, seven teams who could be dealing

Box Score 2/24: A night of NBA disrespect

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Streaming sports docuseries you don't want to miss

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

It's time for Satchel Paige Day in MLB

The best sports movies available to stream right now

Biggest surprises and disappointments of the NBA season

As NHL trade deadline nears, seven teams who could be dealing

QUIZ: Name every MLB pitcher to win 20 or more games in a season since 2000

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Grading the NBA trade deadline on the Vince Carter scale

Eat, Drink, Watch: Your award-worthy weekend planning guide

Streaming sports docuseries you don't want to miss

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker