To the Atlanta Braves They have six seasons left on their current television contract with Bally sports, and the team will soon receive an increase in its annual revenue from that deal. Starting in 2023, the Braves will receive more than $ 100MM per year, and that number will increase to about $ 120MM by 2027.
It is not known if this increase will directly affect payroll, but the Atlanta president of baseball operations Alex Anthopoulos, said the Braves have more available to spend in 2022:
The television contract and other details about the team’s business were revealed at an investor conference for Liberty Media (the parent corporation of the Braves), which included Liberty Media CEO Greg Maffei, saying there were no plans to sell to the Braves.
Given all the positive information presented to investors, it is not surprising that Liberty Media wants to keep the team, as overall revenue continued to rebound both in the wake of the pandemic and with the Braves’ World Series run adding even more a benefit.
As Maffei simply put it, “it’s been a pretty good run” for Liberty Media since it bought the club in 2007.
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MLB: Bravos’ Local TV Revenue Will Increase Dramatically in 2023 and Beyond