Diamond Sports Group has submitted a reorganization plan that calls for it to drop broadcasting rights for all but one Major League Baseball team, putting 11 clubs at risk of losing their regional sports network contracts.
Diamond said in court that it will keep its contract with the Atlanta Braves and drop the Tampa Bay Rays and Detroit Tigers.
The company is prepared to move forward as a business without the other teams in its portfolio: the Los Angeles Angels, Cincinnati Reds, Miami Marlins, St. Louis Cardinals, Kansas City Royals, Milwaukee Brewers, Cleveland Guardians, Minnesota Twins and Texas Rangers.
The Rangers, Guardians Twins and Brewers had their deals expire after the 2024 season. Five other teams -- the Angels, Reds, Cardinals, Royals and Marlins -- are on joint-venture agreements, which would trigger legal action if Diamond drops its agreements.
A source with Diamond, the bankrupt operator of Bally Sports channels, said the company is still hopeful of agreeing to new terms with the 11 other teams and has previously submitted proposals to each of them.