Golf’s final major of the year begins Thursday in England — but amid even more questions as to how Saudi investment might reshape the sport.
Meanwhile, attention on regional sports networks now turns to the NHL and NBA, as bankrupt Diamond Sports Group looks to make good on its remaining MLB rights obligations, and a Final Four Cinderella story stays in the mid-major Mountain West Conference after a Power Five flirtation.
— Eric
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Richard Heathcote/R&A via Getty Images)
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The head of the organization that runs the Open Championship wouldn’t rule out accepting financial investment from Saudi Arabia on the eve of the 151st edition of the tournament at Royal Liverpool Golf Club in Hoylake, England.
“If I’m very open, we are and do and continue to talk to various potential sponsors,” R&A CEO Martin Slumbers said on Wednesday when asked about potentially working with the Saudi Arabia Public Investment Fund.
The Open Championship tees off Thursday at 1:30 a.m. ET with the lowest purse of the four golf majors — $16.5 million. Coverage begins on Peacock and continues on USA Network at 4 a.m. ET. “We had expected prize money to rise over a five-year period, and it’s probably risen three years earlier than we expected it to,” Slumbers said.
The R&A won’t consider adding a sponsor’s name to the Open, but all other funding options are on the table. “We have to have a sensible conversation about the long-term financial sustainability of golf,” Slumbers said.
“Sport has changed dramatically in the last 12 months,” he added, pointing to Saudi investment in golf, Formula 1, soccer, and likely tennis. “And it is not feasible for the R&A or golf to just ignore what is a societal change on a global basis. “
Slumbers welcomes the PGA Tour-PIF deal so that golf can “move beyond” the constant focus on money. “I am very pleased that they are sitting there and figuring it out because long-term, that’s good for the sport,” he said.
And as far as what moves could be next for the R&A, Slumbers affirmed, “We will be considering within all the parameters that we look at all the options that we have.”
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Jerome Miron-USA TODAY Sports
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Bally Sports and its bankrupt parent Diamond Sports Group say they “anticipate” making the rest of their 2023 MLB rights payments following the rejection of their Arizona Diamondbacks deal.
Now, the focus turns to the NBA and NHL — and whether those leagues will need to aid teams with local media rights issues, as MLB has done for the Diamondbacks and San Diego Padres.
Following court approval of the Diamondbacks rejection, DSG said it is “continuing to broadcast games for all other teams under contract without disruption, and we anticipate making rights payments to the remainder of the MLB teams in our portfolio through the end of this season.” The comment mirrors MLB commissioner Rob Manfred’s recent assertion the league has collected 94% of 2023 rights fees due from DSG.
No such certainty exists with either the NBA and NHL. DSG currently has 15 NBA teams and 12 NHL teams under contract. The dynamics are different than baseball, as prior to DSG’s bankruptcy filing in March, both of those leagues signed rights deals that included digital rights — content DSG sought and wasn’t able to obtain at scale from MLB.
The NBA, NHL, and individual teams are closely monitoring the situation. The Phoenix Suns already parted ways with DSG and may ultimately convince others.
“We will continue to evaluate all our options, as needed, and will ensure that our great fans across the Valley are able to watch our games this fall,” said the Arizona Coyotes, now the only big-league team on Bally Sports Arizona.
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Troy Taormina-USA TODAY Sports
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A 2023 Final Four Cinderella story will remain in the Mountain West Conference after a flirtation with the Pac-12 Conference that grew contentious — but the saga has left scars for all involved.
The San Diego State University Aztecs completed a deal to remain in the Mountain West, a conditional agreement that will see the school pay the conference’s legal fees from a month-long legal dispute over a potential exit. San Diego State will receive a $6.6 million conference distribution previously withheld as an exit-fee installment.
The Aztecs will also be on the hook for an estimated $34 million exit fee if they leave the Mountain West within the next two years, a figure the school has acknowledged it cannot afford — essentially an admission that a Pac-12 invitation is perhaps not as imminent as previously thought.
“We’ve landed in a very, very good spot,” said Mountain West commissioner Gloria Nevarez. “We are better with San Diego State in the league.”
Pac-12 Media Slowdown
Meanwhile, the Pac-12 isn’t expected to announce its long-awaited media rights deal during its football media day scheduled for Friday. The conference is facing numerous issues as it looks to complete the agreement, including the 2024 departure of USC and UCLA for the Big Ten, concerns about similar exits by some remaining members, and the cost-cutting at many media organizations that could impair its ability to achieve desired economic goals.
Instead, a new rights deal is anticipated in the “near future,” with a mix of linear and streaming partners.
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