HOUSTON (AP) — The largest broadcaster of regional sports networks across the country will continue to televise games for more than a dozen NBA teams and nine NHL teams through the 2024-2025 season even as it moves through bankruptcy proceedings, according to court filings on Friday.
Diamond Sports Group, which broadcasts the Bally-branded regional sports networks, said in the filings it has reached agreements to carry games for 13 NBA teams and nine NHL teams for the upcoming season, according to The Athletic.
“We are appreciative of the ongoing collaboration and long-term partnerships with the NBA and NHL,” David Preschlack, Diamond’s CEO, said in a statement. “These new agreements that cover NBA and NHL linear and (direct-to-consumer) rights are another major milestone and continue Diamond’s momentum toward emergence, which will enable us to provide value for our NBA and NHL partners and continue to serve dedicated local NBA, NHL and MLB fans."
As part of the deals, DSG will drop the contracts of the NBA's Dallas Mavericks and New Orleans Pelicans.
The deals require the approval of a federal bankruptcy judge. The next hearing in U.S. Bankruptcy Court for the Southern District of Texas is scheduled for Sept. 3.
Friday's deal affects the Atlanta Hawks, Charlotte Hornets, Cleveland Cavaliers, Detroit Pistons, Indiana Pacers, Los Angeles Clippers, Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, Oklahoma City Thunder, Orlando Magic and San Antonio Spurs.
The NHL teams are the Anaheim Ducks, Carolina Hurricanes, Columbus Blue Jackets, Detroit Red Wings, Los Angeles Kings, Minnesota Wild, Nashville Predators, St. Louis Blues and Tampa Bay Lightning.
DSG also broadcasts some Major League Baseball games, but those are unaffected by Friday's filings.
___
AP sports: https://apnews.com/sports
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
