Fox Sports Net agreed to pay the baseball team $1.6 billion (not $3 billion as originally stated) to broadcast games for the next 20 years (not 30 years). That’s almost 100 percent more than the current figure of $45 million per year, but it still makes sense financially for both teams.
From the Rangers perspective, it’s obvious: They make a ton of dollars that will help them sign players, upgrade their franchise, and compete in the American League with teams such as the New York Yankees and the Boston Red Sox. (The Yankees mastered the art of subsidizing their pockets with TV money by starting Yes Network, probably the single smartest move made by the late George Steinbrenner.)
The money also works on the other side of the equation. Read more