There’s a bit more clarity on the broadcast situation for the Angels. Jeff Fletcher of the Orange County Register reports that the club has an agreement in place to purchase a portion of Main Street Sports and launch their own TV network. Some final details are still being worked out, so it won’t be officially announced until next week.
The new network will also involve the NHL’s Los Angeles Kings and has not yet been named, but it will replace FanDuel Sports Network on cable and satellite providers in Southern California. Fans can also purchase a streaming package directly from the league. It would be $99.99 for just the Angels or $199.99 for the full league experience.
The Angels were one of nine MLB teams who had a deal with Main Street Sports as of a few months ago. That company, who owned the FanDuel Sports Network channels, has been having financial troubles for years as people move away from cable subscriptions and towards digital streaming. Main Street missed some payments to some clubs earlier this year, prompting all nine of them to terminate their deals. Within less than a month, six of them pivoted to having MLB handle their broadcasts.
Atlanta, the Tigers and the Angels were the three left up in the air. Atlanta launched BravesVision last month, a team-owned entity which will sell streaming rights to fans and work out TV deals in the future. The Tigers announced Detroit SportsNet earlier this week. It seems like MLB will be heavily involved in that one, as the network will be “powered by MLB” and subscribers can stream the Tigers through the MLB app. The network will broadcast the Tigers and the NHL’s Red Wings on television.
The Angels’ network will seemingly share some traits with Detroit SportsNet. Both will involve one MLB club and an NHL team. Both will also seemingly involve the MLB handling the streaming side of things.
This seems to be a positive development for fans. For those watching on television, nothing will really change. Even the on-air talent is expected to remain in place. For those who wants to stream the club locally with no blackouts, that is now possible. The impact for the club’s bottom line is less clear. As of a few years ago, the Angels were getting $125MM annually from their deal with Main Street, then known as Diamond Sports Group. Opening up local streaming will make up for some of that but surely not all.
RosterResource projects the Angels for a payroll of about $180MM this year, roughly $25MM shy of last year. That doesn’t account for the fact that Anthony Rendon agreed to defer most of his $38MM salary, saving the Halos about $30MM in the short term. Owner Arte Moreno recently spoke on the club’s financial situation and acknowledged that uncertainty with in the TV department was impacting spending. “Will it get back to $200 million? Probably,” Moreno said of the payroll. “We’ve got to get our TV thing worked out and we just have to improve our brand.”
Presumably, the new broadcast deal won’t immediately impact the roster. The Angels still have to work out things in terms of cable and satellite. They also presumably want to feel out the new streaming setup for a bit before making any rash decisions. There are still some notable free agents unsigned, including starting pitchers Lucas Giolito and Zack Littell. The Halos could use some extra depth in the rotation but it’s unclear if they plan to make a push for either of those two, or any other free agents.
Internally, the Angels will have a new leader on the business side. President John Carpino is going to retire on April 6th and will be replaced by senior vice president Molly Jolly. General manager Perry Minasian remains the front office leader on the baseball side.
Photo courtesy of Kirby Lee, Imagn Images
