In February, MLB and ESPN each triggered an opt-out clause in their broadcasting agreement for the 2026-28 seasons. That means that as things stand, this is ESPN’s final year carrying MLB games. The network carries an exclusive regular season game every Sunday night, the Home Run Derby, and the Wild Card round of the postseason.
Joe Flint and Jared Diamond of The Wall Street Journal report that NBCUniversal, a subsidiary of Comcast, made MLB an offer this month for the package of games from which ESPN walked away. The length of the offer isn’t clear, nor are specifics on the rights fees. However, The Wall Street Journal reports that NBC’s offer was for “much less” than what ESPN currently pays. In February, Evan Drellich and Andrew Marchand of The Athletic reported that ESPN would have owed $550MM annually for the 2026-28 seasons had it not opted out.
Obviously, ESPN determined that price was above market value when it opted out. The network said at the time that it was “open to exploring new ways to serve MLB fans across our platforms beyond 2025.” Diamond and Isabella Simonetti of The Wall Street Journal reported in March that ESPN had indicated it was willing to pay a maximum of $200MM per season during renegotiations leading up to the opt-out date. MLB balked, and the sides agreed to terminate the contract after this season. NBC’s offer is evidently for well below $550MM per year. It’s unclear if it tops the $200MM annual sum which ESPN had floated.
ESPN has carried Sunday Night Baseball since 1990 and the Home Run Derby since ’93. It has broadcast the Wild Card round since that was introduced with the expanded playoff in the 2022 collective bargaining agreement. It seems NBC is interested in acquiring all three of those, though Flint and Diamond write that NBC is not pursuing international/radio rights or access to highlight clips that ESPN currently receives (partially justifying the lower bid).
NBC has an agreement with the National Football League for its Sunday Night Football slate. Last July, it reached an 11-year contract with the National Basketball Association for a package of 100 regular season games and the NBA All-Star Game. (That goes into effect during the upcoming basketball season.) According to The Wall Street Journal report, the network would stream some of its MLB games on its Peacock service when those games conflict with its other live sports. Those interested in the topic are encouraged to read the Wall Street Journal’s report in full.
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