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Diamond Sports Group, the Sinclair subsidiary that controls the regional sports networks for 42 teams across Major League Baseball, the National Hockey League and the National Basketball Association, announced that it has filed for Chapter 11 bankruptcy on Tuesday night, three days before the end of a 30-day grace period it entered into with creditors.

As part of a news release, Diamond, which has more than $8 billion in debt, said it “intends to use the proceedings to restructure and strengthen its balance sheet” and that the RSNs “will continue to operate in the ordinary course during the Chapter 11 process.” The company added that it possesses $425 million of cash in order to continue funding its business during the process.

MLB, whose teams draw significant revenues from its RSN deals with companies like Sinclair, is the most directly impacted by Diamond’s situation, given that its season will begin in less than three weeks. Diamond owns the rights to 14 major league teams and must continue to pay them their rights fees; otherwise, teams would be free to break their contracts, at which point MLB might take over broadcasting duties

To this point, Diamond has made payments to all its teams except the Arizona Diamondbacks, with whom they recently entered a contractual grace period. Other teams with Diamond, which run their broadcasts under the name Bally, include: the Detroit Tigers; Miami Marlins; Cleveland Guardians; Kansas City Royals; St. Louis Cardinals; Minnesota Twins; Cincinnati Reds; San Diego Padres; Los Angeles Angels; Atlanta Braves; Texas Rangers; Tampa Bay Rays; and Milwaukee Brewers.

MLB issued a statement on Tuesday night, calling the bankruptcy declaration an “unfortunate development” but assuring fans that they will not miss their team’s games this season.

“Despite Diamond’s economic situation, there is every expectation that they will continue televising all games they are committed to during the bankruptcy process,” the statement read. “Major League Baseball is ready to produce and distribute games to fans in their local markets in the event that Diamond or any other regional sports network is unable to do so as required by their agreement with our Clubs.”

The statement mentioned MLB’s experience with streaming live games on MLB.tv and producing games for MLB Network as proof of its capability “to deliver games to fan uninterrupted.”

“We think it will be both linear in the traditional cable bundle and digitally on our own platforms,” MLB commissioner Rob Manfred said of what it would look like if MLB takes on the responsibility of airing games in local markets at the onset of spring training. “But that remains to be seen.”

Sinclair, with Diamond acting as a subsidiary, purchased the RSNs from Fox in 2019, after Disney was forced to sell them off, for $10.6 billion. In the process, though, the company took on roughly $8 billion in debt, putting itself in a precarious position as the rate of cord-cutters increased.

Diamond, which initially began its grace period after skipping a $140 million interest-only payment to creditors in the middle of February, announced Tuesday it will now separate its business from Sinclair and become a standalone company. During bankruptcy proceedings, Diamond’s debt will turn into equity for its secured creditors.

The goal, a source familiar with the situation said, is for the company to acquire streaming rights for all 14 of its major league teams in order to broadcast games both through a linear cable model and on direct-to-consumer platforms. At the moment, Diamond has rights to stream the games to just five teams. It would have to negotiate the other nine with MLB, but MLB has previously been hesitant to sign off on additional rights for a company that has yet to prove itself financially sustainable.

Diamond’s filing was made through the U.S. Bankruptcy Court for the Southern District of Texas. In a statement, Diamond CEO David Preschlack wrote that the restructuring process “will allow [Diamond] to evolve our business while continuing to provide exceptional live sports productions for our fans.”

“With the support of our creditors,” Preschlack added, “we expect to execute a prompt and efficient reorganization and to emerge from the restructuring process as a stronger company.”

Diamond’s hope to building a sustainable business, a source said, is to prop up its Bally Sports+ streaming platform, ideally by making it a one-stop shop for fans to also purchase tickets and merchandise, place bets and read up on their teams. Diamond owns streaming rights for all 16 of its NBA teams and all 12 of its NHL teams, but for only about a third of its MLB teams.

Through the restructuring process, Diamond is widely expected to shed the contracts of its less-profitable teams. Not being able to acquire direct-to-consumer rights, which was part of the reason it entered into a grace period with the D-backs, will factor into which teams it chooses to hold onto.

MLB’s long-term goal, a source familiar with the league’s thinking said, is to control the rights for all its teams under one umbrella, a circumstance that could end the blackout issues that have plagued the sport in recent years. Diamond’s bankruptcy proceedings — in addition to Warner Bros. Discovery, which broadcasts the Pittsburgh Pirates, Houston Astros and Colorado Rockies, informing teams it will soon go through a liquidation — marks the beginning of that process.

In the short-term, MLB would broadcast the games of teams who end their contracts with Diamond both through their MLB.tv application and on a yet-to-be-determined cable channel. In anticipation of a development like this, MLB announced at the start of March that it had created a new local media department, headed by Billy Chambers, Sinclair’s former chief financial officer.

All team broadcasts, sources said, are expected to continue on as normal at the start of the season because Diamond is expected to keep broadcasting games while teams go through the court process of breaking free from their contracts after missed payments. The question becomes which teams Diamond will shed — the New York Post previously reported that the D-backs, Reds, Guardians and Padres will be among them — and how MLB approaches the situation thereafter.

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‘Vibrant’ Sanders says Buffs will ‘win differently’

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'Vibrant' Sanders says Buffs will 'win differently'

BOULDER, Colo. — Colorado coach Deion Sanders said he feels “healthy and vibrant” after returning to the field for preseason practices after undergoing surgery to remove his bladder after a cancerous tumor was found.

Sanders, 57, said he has been walking at least a mile around campus following Colorado’s practices, which began last week. He was away from the team for the late spring and early summer following the surgery in May. Dr. Janet Kukreja, director of urological oncology at University of Colorado Cancer Center, said July 30 that Sanders, who lost about 25 pounds during his recovery, is “cured of cancer.”

“I’m healthy, I’m vibrant, I’m my old self,” Sanders said. “I’m loving life right now. I’m trying my best to live to the fullest, considering what transpired.”

Sanders credited Colorado’s assistant coaches and support staff for overseeing the program during his absence. The Pro Football Hall of Famer enters his third season as Buffaloes coach this fall.

“They’ve given me tremendous comfort,” Sanders said. “I never had to call 100 times and check on the house, because I felt like the house is going to be OK. That’s why you try your best to hire correct, so you don’t have to check on the house night and day. They did a good job, especially strength and conditioning.”

Colorado improved from four to nine wins in Sanders’ second season, but the team loses Heisman Trophy winner Travis Hunter, the No. 2 pick in April’s NFL draft, as well as record-setting quarterback Shedeur Sanders, the son of Deion Sanders. The Buffaloes have an influx of new players, including quarterbacks Kaidon Salter and Julian “Ju Ju” Lewis, who are competing for the starting job, as well as new staff members such as Pro Football Hall of Fame running back Marshall Faulk, who is coaching the Buffaloes’ running backs.

Despite the changes and his own health challenges, Deion Sanders expects Colorado to continue ascending. The Buffaloes open the season Aug. 29 when they host Georgia Tech.

“The next phase is we’re going to win differently, but we’re going to win,” Sanders said. “I don’t know if it’s going to be the Hail Mary’s at the end of the game, but it’s going to be hell during the game, because we want to be physical and we want to run the heck out of the football.”

Sanders said it will feel “a little weird, a little strange” to not be coaching Shedeur when the quarterback starts his first NFL preseason game for the Cleveland Browns on Friday night at Carolina. Deion Sanders said he and Shedeur had spoken several times Friday morning. Despite being projected as a top quarterback in the draft, Shedeur Sanders fell to the fifth round.

“A lot of people are approaching it like a preseason game, he’s approaching like a game, and that’s how he’s always approached everything, to prepare and approach it like this is it,” Deion Sanders said. “He’s thankful and appreciative of the opportunity. He don’t get covered in, you know, all the rhetoric in the media.

“Some of the stuff is just ignorant. Some of it is really adolescent, he far surpasses that, and I can’t wait to see him play.”

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LSU QB Nussmeier dealing with patellar tendinitis

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LSU QB Nussmeier dealing with patellar tendinitis

LSU starting quarterback Garrett Nussmeier aggravated the patellar tendinitis he has been dealing with in his knee but will not miss any significant time, coach Brian Kelly said Friday.

Kelly dropped in ahead of a news conference Friday with offensive coordinator Joe Sloan to tell reporters that Nussmeier did not suffer a severe knee injury or even a new one. According to Kelly, Nussmeier has chronic tendinitis in his knee and “probably just planted the wrong way” during Wednesday’s practice.

Nussmeier ranked fifth nationally in passing yards (4,052) last season, his first as LSU’s starter, and projects as an NFL first-round draft pick in 2026.

“It’s not torn, there’s no fraying, there’s none of that,” Kelly said. “This is preexisting. … There’s nothing to really see on film with it, but it pissed it off. He aggravated it a little bit, but he’s good to go.”

Kelly said Nussmeier’s injury ranks 1.5 out of 10 in terms of severity. Asked whether it’s the right or left knee, Kelly said he didn’t know, adding, “It’s not a serious injury. Guys are dealing with tendinitis virtually every day in life.”

LSU opens the season Aug. 30 at Clemson.

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3 departing members file updated suit vs. MWC

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3 departing members file updated suit vs. MWC

Three departing members of the Mountain West Conference are suing the league, alleging it improperly withheld millions of dollars and misled them about a plan to accelerate Grand Canyon’s membership.

Boise State, Colorado State and Utah State filed an updated lawsuit in the District Court of Denver arguing the conference and Commissioner Gloria Nevarez willfully disregarded the league’s bylaws by “intentionally and fraudulently” depriving the schools of their membership rights.

The three schools, which are all headed to the Pac-12 after the 2025-26 school year, are seeking damages for millions of dollars of alleged harm caused by the Mountain West, including the withholding of money earned by Boise State for playing in last year’s College Football Playoff.

“We are disappointed that the Mountain West continues to improperly retaliate against the departing members and their student athletes,” Steve Olson, partner and litigation department co-chair for the O’Melveny law firm, said in a statement. “We will seek all appropriate relief from the court to protect our clients’ rights and interests.”

The Mountain West declined further comment outside of a statement released last week. The conference has said the departing schools were involved in adopting the exit fees and sought to enforce those against San Diego State when it tried to leave the conference two years ago.

“We remain confident in our legal position, which we will vigorously defend,” the statement said.

The three outgoing schools argue the Mountain West’s exit fees, which could range from $19 million to $38 million, are unlawful and not enforceable. The lawsuit also claims the Mountain West concealed a plan to move up Grand Canyon University’s membership a year to 2025-26 without informing the departing schools.

The Mountain West is also seeking $55 million in “poaching fees” from the Pac-12 for the loss of five schools, including San Diego State and Fresno State starting in 2026. The two sides are headed back to court after mediation that expired last month failed to reach a resolution.

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