It would be a cool feature, but all in all Steinbrenner screws the fans.
As long as people like Fox Sports are willing to pay all that money for the rights I believe the games will remain free. Plus, isn't Fox Sports pretty much like that already? I know Fox Sports West carries all the hockey teams in SoCal, The Dodgers, Angels, Clippers and Lakers.
Ocassionally you get games on the local channels, but I'd say we have a system a lot like that already.