Diamond Sports is allegedly over $8 billion in debt, but that won't save the company from paying out some of its MLB contracts in full. Diamond Sports will have to pay out the full value of its contracts with the Arizona Diamondbacks, Cleveland Guardians, Minnesota Twins and Texas Rangers, a judge ruled Thursday.
Spring training baseball game between Oakland Athletics and Seattle Mariners at Phoenix Municipal Stadium in Phoenix, Arizona. Beer vendor at baseball game between Oakland A's & Seattle Mariners cards each patron to check their age on their driver's license before selling the beer and collecting money and giving change. Diamond Sports is allegedly over $8 billion in debt, but that won't save the company from paying out some of its MLB contracts in full.
Following the filing, a judge initially ruled Diamond Sports would be responsible for paying back teams half of what they were owed. Thursday's ruling, made by federal Judge Christopher Lopez, altered that decision, making Diamond Sports responsible for its full contracts with the Diamondbacks, Guardians, Rangers and Twins.
The bankruptcy filing raised questions about whether Bally Sports would continue to broadcast games throughout the 2023 MLB season. MLB said it would take over broadcast rights if Diamond Sports stopped making payments.
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