MLB commissioner Rob Manfred today said he was cancelling the first week of regular season baseball, which was slated to begin on March 31st. These will be the first regular season games cancelled due to labor strife since 1995.
MLB locked out its players association on December 1st. The players today declined what was labeled as MLB's "best and final" offer, leading Manfred to cancel the early slate of games. Earlier this week, Manfred was quoted saying he was willing to miss the first month's worth of games.
Obviously, this starts to eat into TV revenues. It isn't clear how a shortened season would affect media rights contracts, and specifically whether the TV rightsholders would need to pay the entire amount due, even though they are getting less baseball than originally agreed.
MLB locked out its players association on December 1st. The players today declined what was labeled as MLB's "best and final" offer, leading Manfred to cancel the early slate of games. Earlier this week, Manfred was quoted saying he was willing to miss the first month's worth of games.
Obviously, this starts to eat into TV revenues. It isn't clear how a shortened season would affect media rights contracts, and specifically whether the TV rightsholders would need to pay the entire amount due, even though they are getting less baseball than originally agreed.