Behind the strength of local broadcast dollars and a growth in attendance, baseball is doing rather well financially. Major League Baseball will reportedly see revenues of $7.5 billion for 2012, according to Maury Brown of the Biz of Baseball. MLB had posted identical $7 billion revenues in 2010 and 2011.
Brown notes that, while a half a billion dollars in growth is impressive, a sharper rise in revenue is likely by 2014. New television rights deals with ESPN, FOX, and TBS will add an additional $788.3 million annually. Couple that with the Los Angeles Dodgers expected massive television rights deal and MLB could approach revenues of $9 billion.
Local television rights present quite a discrepancy between teams in larger markets compared to many of the smaller markets like Pittsburgh, Milwaukee, Kansas City, and Oakland, but MLB is in pretty good shape overall.