The NHL and Diamond Sports Group, the largest owner of regional sports networks, have reached an agreement that will keep local broadcasts for 11 teams on Bally Sports through the end of this season. The agreement, which was contained in a court filing made Wednesday, is subject to court approval. Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection in March. The company said in a financial filing last year that it had debt of $8.67 billion. While there will be a reduction in rights payments for some teams, the local rights for those 11 franchises will revert back to the NHL at the end of this season.
The NHL teams that are currently on Bally are: Anaheim, Carolina, Columbus, Dallas, Detroit, Florida, Los Angeles, Minnesota, Nashville, St. Louis and Tampa Bay.