Diamond Sports president Steve Rosenberg exiting after almost three years
Rosenberg had been running Diamond Sports' Bally Sports RSNs since July 2020.
Rosenberg had been running Diamond Sports' Bally Sports RSNs since July 2020.
Diamond Sports initially said they hadn't made a Diamondbacks payment to preserve "flexibility" during a grace period. But that grace period has now run out, and that sends their bankruptcy proceedings in a notable new direction.
The long-expected move has finally happened, triggering speculation on where the RSNs go from here.
The Diamondbacks are the only team so far to have not received payment.
Sinclair owns nearly three dozen ABC affiliates across the country.
"In a worst-case scenario, our games will still be on the air."
Diamond met the 13 conditions required by the NBA when this deal was renewed, but will breach one if they file for bankruptcy in March as expected, leaving the league with a decision.
As per John Ourand of Sports Business Journal, Diamond is now expected to file for Chapter 11 bankruptcy on March 15.
The other shoe is about to drop for the Bally Sports RSNs.
"I think you should assume that if Diamond doesn’t broadcast, we’ll be in a position to step in."
Diamond Sports isn't bankrupt quite yet, but give it a couple weeks.
Prices will increase by $5 per month on all packages, along with an increased RSN fee.
"You don’t have to know where the laces are on a football to be compelled by this, and that’s the goal."