Big money ahead

- January 27th, 2014

Just posted this story on www.ottawasun.com

The Senators are on the verge of cashing in on their valuable broadcast rights.
League sources told the Ottawa Sun the Senators are just dotting the i’s and crossing the t’s and the club is close to announcing a historical, long-term deal for the local television and radio rights.
An announcement should be made in the coming days.
While the current TV rights are held by Sportsnet and radio games are on TSN 1200, both agreements expire at the end of the season. There has been a bidding war for the club’s local package between the two broadcasters.
It is not known which side has own the bidding but the agreement should be in place by midweek but the competition between TSN and Sportsnet for Ottawa’s rights heated up after Rogers signed a 12-year, $5.2 billion agreement to take over the national broadcasts.
A report out of Montreal indicated RDS is paying a whopping $68 million per-year for the rights to 60 games and no playoffs. The Senators local rights won’t be worth as much but sources say the price paid will increase significantly.
It’s believed the Senators are the only Canadian team with local and tv radio rights expiring at the end of this season.

This is significant news for the team. It means more dollars in the coffers.
Think about the Montreal Canadiens: They have $68 million in their bank account before they even sell a ticket or spend money on players.
This is good news for owner Eugene Melnyk.
He must be pleased.

Categories: Hockey

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4 comments

  1. ChokerHater says:

    I don’t really understand how these rights work. Rogers has all the TV rights I thought, and their agreement means no more blackouts. So how many games would Sportsnet not televise? I can’t see how TSN 1200 wouldn’t get the radio rights, if they lose the games on radio they might as well go to music, because other than the games, there isn’t much for anyone over 12 years old, or syndicated US radio talking about NASCAR and basketball

  2. Visitor - Pierre D. says:

    Hopefully Melnyk stops crying poor and spends closer to the cap then…

  3. OD99 says:

    Choke.

    Rogers has the national rights just like CBC has/had Hockey Night in Canada (nobody else shows games on Saturday night) and TSN has Wednesday night hockey across the country.

    The other games on Sportsnet are regional games which apparently will now go to Bell/TSN.

  4. ChokerHater says:

    I was of the understanding that Sportsnet got all games for the 5.2 billion, not just Saturday night games, so I guess I’m a bit confused. I can’t see Saturday night games being worth that much.
    No matter, guaranteed Melynk comes out in a year or two and tells everyone he is losing 15 mil a year and can’t afford to spend what the other teams are spending……meanwhile, back in Barbados

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