Phillies' 25-Year TV Rights Deal Worth An Average $100M Annually
The Phillies doubled their annual average TV rights fee and picked up an ownership stake in CSN Philadelphia, according to several sources. NBC Sports Group, which operates the RSN, has agreed to a 25-year deal that will see it pay an average of $100M per year for the rights, with the annual fee growing between 3-4% each year, sources said. That figure doubles the rights fee the team had received from CSN Philadelphia and its over-the-air partner, Philadelphia's NBC affiliate.
The Phillies also increased its ownership stake in the RSN to 25%. It is unclear how much of CSN Philadelphia the Phillies had owned before. The Philadelphia Daily News first reported news of the contract extension. The Phillies' TV deal was set to expire after the '15 season. The more than $2.5B in aggregate rights fees places the Phillies in the upper echelon of MLB teams, and the initial annual figure of $100M currently trails only the Dodgers, Angels, Rangers and Mariners – though it also will be eclipsed by the Yankees.