cabiness42 Posted November 6, 2013 Share Posted November 6, 2013 http://www.chicagotribune.com/business/bre...0,2270840.story The Chicago Cubs have exercised an option to get out of their broadcast contract with WGN-TV after the 2014 season, sources close to the situation said Wednesday. On Tuesday, the team notified the Tribune Co.-owned station it had 30 days to meet a higher assessed fair market value for the broadcast rights, or they would be opened up for negotiation with other media. A third-party consultant hired by the Cubs and WGN-TV determined the increased valuation, according to sources. After 30 days, the team would be free to explore other broadcast options for about 70 games televised each season by WGN, opening the door to a potentially more lucrative contract or perhaps its own cable sports network. Efforts to reach a Tribune Co. spokesman Wednesday morning were unsuccessful, and a Cubs spokesman declined to comment. The Cubs and WGN-TV have a broadcast partnership that dates to 1948. With baseball rights fees soaring, there is much at stake for both. In January, the Los Angeles Dodgers launched their own cable sports network, striking a deal with Time Warner Cable that will pay the team a reported $7 billion to broadcast its games over 25 years. Currently, Cubs games are split between Comcast SportsNet Chicago and WGN-TV, netting the club about $60 million in annual broadcast rights fees combined, according to sources. The CSN deal runs through 2019 and includes the White Sox, Bulls and Blackhawks as partners. Comcast owns about 30 percent of the network. The Cubs get about $20 million to air 70 games each year on WGN. If the team didn’t give notice to opt out at this point in the contract, the deal would run through 2022 at the current rate, and the Cubs would lose any leverage for renegotiating the broadcast rights, according to sources. The Ricketts family inherited the broadcast agreements as part of their 2009 purchase of the Cubs from Tribune Co., owner of the Chicago Tribune and WGN-TV. The $845 million deal — then the highest in Major League Baseball history — included Wrigley Field and a 25 percent stake in Comcast SportsNet Chicago. Link to comment Share on other sites More sharing options...
witesoxfan Posted November 6, 2013 Share Posted November 6, 2013 That could be a really, really good thing for the White Sox and something they absolutely need to look into taking advantage of. Link to comment Share on other sites More sharing options...
cabiness42 Posted November 6, 2013 Author Share Posted November 6, 2013 That could be a really, really good thing for the White Sox and something they absolutely need to look into taking advantage of. I can't speak to the dollars and cents of negotiations, but as a fan outside of the "local territory," I appreciate having games on WGN because they are not subject to blackout. Link to comment Share on other sites More sharing options...
Balta1701 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (HickoryHuskers @ Nov 6, 2013 -> 12:10 PM) I can't speak to the dollars and cents of negotiations, but as a fan outside of the "local territory," I appreciate having games on WGN because they are not subject to blackout. I used to agree with this although with Extra innings it's much less of an issue. But I think a big deal there is that the new TV deals are an order of magnitude more money than people thought they'd be when the last round was signed. Link to comment Share on other sites More sharing options...
Marty34 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (witesoxfan @ Nov 6, 2013 -> 10:50 AM) That could be a really, really good thing for the White Sox and something they absolutely need to look into taking advantage of. How so? Link to comment Share on other sites More sharing options...
Balta1701 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Marty34 @ Nov 6, 2013 -> 01:21 PM) How so? Current TV contracts are producing valuations something like 5-10x the previous contracts. The teams who were lucky enough to have their contracts come up right now are raking in a fortune - see the Dodgers. Any team that has any way to renegotiate their TV deal right not ought to be considering it. Link to comment Share on other sites More sharing options...
Marty34 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Balta1701 @ Nov 6, 2013 -> 12:23 PM) Current TV contracts are producing valuations something like 5-10x the previous contracts. The teams who were lucky enough to have their contracts come up right now are raking in a fortune - see the Dodgers. Any team that has any way to renegotiate their TV deal right not ought to be considering it. I thought he meant the Cubs getting out of their deal with WGN TV specifically being good for the Sox. Link to comment Share on other sites More sharing options...
Balta1701 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Marty34 @ Nov 6, 2013 -> 01:27 PM) I thought he meant the Cubs getting out of their deal with WGN TV specifically being good for the Sox. I assumed when he said "look into taking advantage of" that it was something that would require effort on the part of the Sox. If the Cubs leave WGN and that leads to increasing White Sox viewership on the same channel, that doesn't require any effort on the part of the White Sox. Although I'd consider giving up a kidney to get them off WCIU, if that helps. Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (witesoxfan @ Nov 6, 2013 -> 10:50 AM) That could be a really, really good thing for the White Sox and something they absolutely need to look into taking advantage of. Do you know something about the Sox tv deals? I thought they ran through '19? Link to comment Share on other sites More sharing options...
Kyyle23 Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Balta1701 @ Nov 6, 2013 -> 12:30 PM) I assumed when he said "look into taking advantage of" that it was something that would require effort on the part of the Sox. If the Cubs leave WGN and that leads to increasing White Sox viewership on the same channel, that doesn't require any effort on the part of the White Sox. Although I'd consider giving up a kidney to get them off WCIU, if that helps. *grabs scalpel* Link to comment Share on other sites More sharing options...
Dick Allen Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Balta1701 @ Nov 6, 2013 -> 12:30 PM) I assumed when he said "look into taking advantage of" that it was something that would require effort on the part of the Sox. If the Cubs leave WGN and that leads to increasing White Sox viewership on the same channel, that doesn't require any effort on the part of the White Sox. Although I'd consider giving up a kidney to get them off WCIU, if that helps. I agree about games on the "U", and I'm local. The sound is horrific every broadcast, and there seems to be other technical issues more often than when they are on the other stations. Link to comment Share on other sites More sharing options...
Eminor3rd Posted November 6, 2013 Share Posted November 6, 2013 QUOTE (Balta1701 @ Nov 6, 2013 -> 12:30 PM) I assumed when he said "look into taking advantage of" that it was something that would require effort on the part of the Sox. If the Cubs leave WGN and that leads to increasing White Sox viewership on the same channel, that doesn't require any effort on the part of the White Sox. Although I'd consider giving up a kidney to get them off WCIU, if that helps. I'd consider giving up your kidney for that too Link to comment Share on other sites More sharing options...
Quin Posted November 6, 2013 Share Posted November 6, 2013 Balta's kidney, we knew thee well. Link to comment Share on other sites More sharing options...
ChiliIrishHammock24 Posted November 7, 2013 Share Posted November 7, 2013 Cubs hire Rick Renteria as their new manager. Talk about settling. Link to comment Share on other sites More sharing options...
Balta1701 Posted November 7, 2013 Share Posted November 7, 2013 A guy with actual minor league managerial experience? For shame. Link to comment Share on other sites More sharing options...
RockRaines Posted November 7, 2013 Share Posted November 7, 2013 another scapegoat when they fail. Im hearing people are laughing at this move. They hired a guy with a history of failure. Link to comment Share on other sites More sharing options...
Harry Chappas Posted November 7, 2013 Share Posted November 7, 2013 Pretty much says it all. http://espn.go.com/chicago/mlb/story/_/id/...-not-built-last It really is amazing that the organization is willing to say four years of a team that you follow means nothing. Sorry I watch sport for entertainment and losing 100 games is not entertaining. I understand the goal of the franchise is to win the championship but on a daily basis I like my team to be worth watching because at the end of the day my life is the same whether they win or lose. It is those days that I am looking to be entertained that I want the White Sox to be interesting. Sorry but I will take every year to be like 2012 than 4 years of 100 losses and then hope that there will be sustained success. No team has done it that way and I have no reason to believe the cub will. Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 7, 2013 Share Posted November 7, 2013 QUOTE (Eminor3rd @ Nov 6, 2013 -> 05:02 PM) I'd consider giving up your kidney for that too You have mine... though it might be a bit pickled. Link to comment Share on other sites More sharing options...
clyons Posted November 7, 2013 Share Posted November 7, 2013 Cubs hire Rick Renteria as their new manager. Talk about settling. /quote] There's really got to be some bad stuff out there on Davey Martinez. He's the right-hand man and protégé of one of the game's most-highly respected managers, as well as an ex-Cub. I thought we should have hired him when Robin got the job. Link to comment Share on other sites More sharing options...
caulfield12 Posted November 7, 2013 Share Posted November 7, 2013 Ryan Dempster, who spent nine seasons with the Cubs before winning his first championship ring last week with the Red Sox, has a good perspective on that subject. The Red Sox were able to change their culture one year after a last-place finish, while Renteria enters with Cubs in the midst of yet another five-year plan. "The one thing I noticed (in Boston) is the amount of talent in the minor leagues is coming on a steady basis," Dempster said. "We get rid of a guy like (Jose) Iglesias, and have a guy like Xander Bogaerts come behind him. We have got a guy like (Brandon) Workman in the bullpen, but also arms in Triple A like Allan Webster and (Rubby) De La Rosa and Anthony Ranaudo and all these guys coming behind them. "That's what Theo and Jed are doing, and have done a great job of stockpiling talent, because you have to sustain that. Look at what the Cardinals did. You have to have that coming. In the long time I was there, we had very few impact rookies who could really make a difference. When you have that you don't have to go outside the organization and tradeplayers away to get that kind of talent." Paul Sullivan had a REALLY long story in the Tribune, you can read the whole thing here. http://www.chicagotribune.com/sports/baseb...0,2812141.story http://www.chicagotribune.com/sports/rosen...,7764048.column Rosenbloom, in Theo Oopstein's problems hiring managers and inspiring fan base Link to comment Share on other sites More sharing options...
Iwritecode Posted November 8, 2013 Share Posted November 8, 2013 Cubs Chairman Tom Ricketts believes the key to a championship lies in Epstein's vision and a $300 million Wrigley renovation that remains in a state of flux. Purists point to the 97-win team of 2008 as proof the Cubs can still win without a major overhaul, but most players polled feel the time has come for New Wrigley. I thought 2008 was when they just started throwing money at players in an effort to try to win it all and up the value of the franchise before they sold it. One of those unnamed idiosyncrasies was likely the allure of night life in Chicago and the ability of players to cash in on their celebrity with a steady stream of available female companionship. One former Cubs pitcher once said "the real curse" of the Cubs is not the Billy Goat, but the combination of attractive women and day baseball. Added former Cubs outfielder Marlon Byrd: "It's not that they can't win at Wrigley. It's just that it's a little bit tougher when you look at the other 29 stadiums. Going to (the Mets) it was a lot easier to get work done at (Citi Field). We had two cages right next to us, and we had tennis ball machine in one of the cages, an unbelievable kitchen with two chefs and the food was amazing. "An unbelievable training room, an unbelievable gym … so you have all these new stadiums, huge clubhouses and everyone has two lockers. When you go to the field, you're comfortable. It's amazing." I've heard about this from the players for years. The combination of out-dated facilities plus the constant schedule of day games makes it more difficult for them to play well. A friend of mine that is a die-hard Cubs fan has been saying for years that they'll never win unless they get out of that ballpark. Link to comment Share on other sites More sharing options...
Harry Chappas Posted November 8, 2013 Share Posted November 8, 2013 Jed was on the radio this morning tell us how great Ricky is. They are looking at short term stop gaps until the magic that is their farm system turn into the Kansas City Royals. Link to comment Share on other sites More sharing options...
Wanne Posted November 9, 2013 Share Posted November 9, 2013 QUOTE (PlaySumFnJurny @ Nov 7, 2013 -> 02:08 PM) Talk about settling. /quote] There's really got to be some bad stuff out there on Davey Martinez. He's the right-hand man and protégé of one of the game's most-highly respected managers, as well as an ex-Cub. I thought we should have hired him when Robin got the job. I thought the Cubs were idiots for not hiring Martinez...but what do I know. Maybe he's a horrible interview? Renteria is just keeping the seat warm for somebody else tho... Link to comment Share on other sites More sharing options...
Jake Posted November 9, 2013 Share Posted November 9, 2013 Still waiting for TheoHoyer's stud prospects to turn into great major leaguers. Just would like to point out that Andrew Cashner had a .6 higher WAR than Rizzo last year. Of course, starting pitchers aren't what the Cubs need...... Link to comment Share on other sites More sharing options...
caulfield12 Posted November 9, 2013 Share Posted November 9, 2013 However, the signing of Jackson is one the team appears to regret, as Epstein told the Chicago Sun-Times: "We got a little ahead of ourselves. We’re not perfect. We didn’t fully understand the scope of our situation, the overall situation with the timing of our business plan, the timing of our facilities and the timing of our baseball plan." www.sbnation.com Link to comment Share on other sites More sharing options...
Recommended Posts