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MLB's new media deals with ESPN, NBC, and Netflix total $800M annually

A sheet showing Boston Red Sox players photos hangs from a camera as a broadcast operator works during the first inning of a baseball game between the Baltimore Orioles and the Red Sox, Monday, April 24, 2023, in Baltimore, Md. Associated Press file photo

ESPN and Major League Baseball appeared headed for an ugly separation after the network opted out of its rights deal in February.

Nine months later, it appears to be the best thing to happen to both parties.

ESPN has a reworked deal that includes out-of-market streaming rights while NBC and Netflix will air games as part of a new three-year media rights agreement announced by MLB on Wednesday.

Commissioner Rob Manfred also was able to maximize rights for the Home Run Derby and Wild Card Series.

NBC/Peacock will become the new home of “Sunday Night Baseball” and the Wild Card round while Netflix will have the Home Run Derby and two additional games.

The three deals will average nearly $800 million per year. ESPN will still pay $550 million while the NBC deal is worth $200 million and Netflix $50 million.

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