HBO made a 50% guarantee on their investment for exclusive cable rights.
The 23 outlets own local cable rights to 18 baseball and 23 basketball teams.
It's smarter to buy on the cheap than pay $13 million for the team's cable rights into the next millennium.
The first $16.5 million payment on the cable rights was due on April 7.
To buy the team, he had to pay Pickett for the cable rights.
It had been rumored that Cablevision was considering paying about $100 million for the cable rights to the games.
Controlling a critical mass of the local teams' cable rights has been a Dolan goal for 15 years.
In addition, each team negotiates its own local broadcast and cable rights, which vary widely.
Spano would not comment on whether cable rights were part of the deal.
In our household, favored with cable rights, the evening became one of those 10-installment series.