Atlanta Braves: 5 Things We Found Out On The Off Day
By Jeff Schafer
May 1, 2014; Miami, FL, USA; MLB baseballs are seen prior to a game between the Atlanta Braves and the Miami Marlins at Marlins Ballpark. Mandatory Credit: Steve Mitchell-USA TODAY Sports
3. The Braves Could Receive $500 Million
Liberty Media, who owns the Atlanta Braves, for years have capped the Braves spending which has resulted in a vertical line of player salaries and a pretty horrible local television contract.
Tim Tucker of the Atlanta Journal-Constitution reported on Thursday that the Braves are set to receive up to $500 million in additional television revenue in the coming years.
"The TV deals were reworked last year, but Liberty CEO Greg Maffei, speaking on a quarterly conference call with Wall Street analysts, shed new light on the financial significance of the changes. “Through some good work at the management of the Braves and a confluence of events, we were able to renegotiate positively a bunch of those (TV) rights and receive probably in the order of $500 million of incremental revenue over the life of the contracts,” Maffei said. “So that’s been very positive. … That adds a lot of value, even on a present value basis, to the Braves.”"
Our own Alan Carpenter wrote on this subject earlier today read this for more information about the potential deal.