Braves soon to be a small market club, thanks to Time Warner
You’ve probably heard about those new regional TV contracts that have allowed teams like the Rangers and Angels to spend big this offseason. That got me optimistic, since the Braves, more than most, are truly a regional team.
But the Bravos won’t be able to take advantage of that enhanced revenue stream for 20-plus years, thanks to the team’s previous corporate overlords.
“Whenever old [TV] deals are up and new deals get realized, there are big jumps in value. I have predicted that, knew it was coming,” McGuirk said. “And I think we have an undervalued local rights [deal].
“That being said, we inherited a deal that was done under [previous owner Turner Broadcasting/Time Warner] a little over four years ago, before the sale, that lasts out through 25 years. So there is no opportunity for a different deal than the one we have. Every single set of games on the different networks that we are seen on [Fox Sports South, SportSouth and Peachtree TV] are all 25-year deals or thereabouts.”
McGuirk said the deals call for “cost-of-living type increases” each year, but contain no options for renegotiation.
Corporate ownership sure has been good for the Bravos, hasn’t it? Score another gutter ball for Bud.