#1- The Texas Rangers and Bally Sports situation
This was the story that consumed the entire offseason and in a way explained most moves that Texas made or chose not to make. Diamond Sports is the parent company of the Bally Sports regional sports networks that carry Texas Rangers' games. They have been in bankruptcy since early 2023. There have been several hearings throughout this offseason to help settle some issues such as which teams Diamond Sports would air in 2024. Texas was thought to be safe coming off a World Series, but it was quickly determined that Diamond wanted to drop the Texas Rangers as soon as this coming season.
MLB and Texas Rangers' lawyers were working behind the scenes with Diamond Sports on an agreement for Bally Sports to air the Texas Rangers in 2024. That was a long negotiation process that started around Christmas time and did not end until last week. There were twists and turns along the way. It included Amazon coming to the rescue of Diamond Sports with an agreement to take on the streaming rights of the teams Diamond owned the streaming rights. Amazon also is bailing out Diamond Sports and allowing Bally Sports to remain financially stable beyond 2024.
In the end it was not disclosed how much of a reduction the Texas Rangers had to accept from Diamond Sports, but the deal got done. The bankruptcy judge accepted the terms on February 9th and hopefully the creditors of Diamond Sports will accept it this week. Texas will get their money and we will see if Texas now can sign Jordan Montgomery with this infusion of cash. The expectation is that he will sign somewhere this week so that he can be in camp on time.
It may not be the offseason that Texas had hoped for, but they did address needs, solidified their strengths, and kept a core member of this franchise happy. Now comes the hard part as they report to camp and try to become the first MLB repeat champion since the New York Yankees in 2000. Texas will be trying to do what the Kansas City Chiefs accomplished last night in Las Vegas. It was a bumpy ride for Patrick Mahomes and the Chiefs, but in the end, they got it done. We will see if Texas can do the same in 2024.