Bally and its ownership group, Diamond Sports Group, announced in a court filing that it had reached an agreement with creditors to resolve any remaining financial issues for the 2024 season. After that, Bally will be stepping away from broadcasting baseball completely, SI.com reported. As DSG and Bally are still in bankruptcy court, a judge needs to approve the deal to move forward. This means the Texas Rangers will get their broadcast rights back after the 2024 season and can begin pursuing a new broadcast deal for the 2025 season. One team — the Minnesota Twins — will reportedly get their rights back for 2024. The Twins’ contract with Bally and DSG was already up, so it’s not being renewed. The remaining teams that have contracts with Bally and DSG, besides the Rangers, are the Detroit Tigers, Miami Marlins, Cleveland Guardians, Kansas City Royals, St. Louis Cardinals, Cincinnati Reds, Los Angeles Angels, Atlanta Braves, Tampa Bay Rays and Milwaukee Brewers. If approved, it would bring to an end a year-long saga that saw the Rangers nearly get their broadcast rights back in June as DSG and Bally appeared unable to make their first rights fee installment after filing for chapter 11 bankruptcy. By August, DSG had paid the Rangers in full for 2023. The Rangers originally signed a 20-year, $3 billion deal in 2010 with Fox Sports Southwest, which was purchased by DSG and became Bally Sports Southwest in 2019. It is believed the Rangers were owed $111 million in 2023.
