The Philadelphia Phillies have agreed to a new $1 billion-plus cable deal with Comcast. Fox 29 Philadelphia sports anchor Howard Eskin reported via his Twitter account that the deal is scheduled to take effect as of 2015.
Reports of the then-pending deal surfaced with detail in late-October, noting that the Phillies' current cable TV rights deal nets them $35 million per season. The new agreement is projected to result in approximately $150 million dollars being digitally deposited in Citizens Bank Park's burgeoning account every single year.
Philadelphia is the nation's fourth-largest TV market. While this big-money deal doesn't make the Phillies baseball's richest television team, it does push the franchise into the elite media money ranks. That negotiated wealth will afford this baseball corporation the opportunity to expand its payroll as of next season, if it chooses to do so.
Any corporation that will soon be including an extra $100 million per annum in its coffers is highly-likely to want its top front office boss to be a prime producer. An extended period of losing baseball won't help current attendance, which remains vitally important, or improve future marketing efforts with any other business partners.
General manager Ruben Amaro, Jr. isn't solely responsible for the Phillies' back-to-back non-playoff years. However, he appears to be the man at the front of a gathering financial storm and that could prove to be problematic if playoff tickets aren't printed next fall.