According to Andrew Marchard of the New York Post, MLB and Turner Sports have reached a new billion-dollar agreement to continue broadcasting postseason games on TBS and TNT.
Exact terms of the deal have not been revealed. However, it is known that Turner Sports will retain rights to one league championship series.
In 2012, Turner Sports committed to pay $325 million a year for a package that includes one league championship series, two division series and extensive digital rights, according to Sports Business Journal. That contract, which included 13 regular-season Sunday afternoon games, is set to expire following the 2021 season.
During that contract, Turner Sports alternated broadcasting the ALCS and NLCS with FOX Sports.
The report notes that ESPN/ABC was making a move to acquire more postseason broadcasts before the Turner deal was reached. If and when MLB expands its postseason, that would open up another opportunity for ESPN to jump in. That decision seems inevitable at this point given the money Turner Sports and FOX Sports have been willing to spend. In 2018, FOX agreed to pay $525 million annually for regular-season games, the All-Star game and postseason games through 2021.
https://sports.yahoo.com/report-mlb-turner-sports-reach-billiondollar-agreement-to-broadcast-playoff-games-202757382.html
When you start talking about additional contracts in the billions, a loss of $15-25 million on the season per team is nothing. If the operating margins are that thin, then just sell to another owner who can actually afford to run a competitive team. There’s always going to be interested parties out there with so many new billionaires in this tech/venture capital/hedge fund economy.