Industry sources tells our media partner North County Times that a 20-year deal to broadcast Padres games is “all but finalized.” The deal is reportedly worth $1 billion.
The Padres are expected to announce their deal with Fox in the next couple days, the source told NCT.
Major League Baseball has reportedly rejected multiple deal attempts from the Padres and Fox since last May.
As of Thursday, Fox Sports doesn't have an agreement with three-fifths of San Diego’s cable providers.
Jeff Moorad recently stepped down as the Padres CEO and also withdrew his big to purchase the club. Moorad, Padres majority owner John Moores and team president and interim CEO Tom Garfinkel all declined to comment on the situation to NCT.
Padres games are currently not available to Time Warner Cable, AT&T Uverse and The Dish network customers – which is about 30 percent of San Diego residents. Games can be viewed on Cox and DirecTV.
For the last 15 seasons, Padres games were televised on Channel 4.
Read the full story at North County Times.
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