As their seasons are on the verge of starting, several NBA and NHL teams — including the Timberwolves and Wild — are in limbo with their TV futures, which includes how games will be shown this season and how they will be paid for it.
An article Monday in Sports Business Journal framed things up, calling this a "defining week for the future of Diamond Sports," which owns the Bally Sports regional channels that show games for 15 NBA teams and 12 NHL teams.
Two key deadlines loom by the end of the week, SBJ notes: Diamond's deal to show games on Comcast, the largest cable/satellite provider in the United States, expires this week; and Diamond has until Saturday to come up with a reorganization plan in bankruptcy court that will satisfy creditors.
If that's not enough, Diamond's deal with DirecTV expires at the end of October and its deal with Charter is up in February.
As I talked about on Tuesday's Daily Delivery podcast, the urgent Comcast deadline is the one teams are watching because it is largely believed that Diamond cannot survive without an agreement to show games on that cable carrier.
If those sides reach an agreement, it would at least maintain a temporary status quo. Upcoming NHL and NBA regular-season games, which start in October, figure to be shown on Bally channels.
But if contract talks between the Diamond and Comcast break down (and stay broken), the cascading effect could be significant. The vast majority of NBA teams are due to receive initial payments for broadcast rights from Diamond on Oct. 1 or Nov. 1, SBJ reported, and that money could be in jeopardy.
"I would characterize it right now not necessarily as a black cloud, but a gray cloud hanging over us, without a doubt,'' Orland Magic CEO Alex Martins told SBJ. "We're all sort of sitting anxiously to see what happens with the Bally bankruptcy.''