Update: The Phillies new TV deal is a 25-year, $2.5 billion deal.
The Philadelphia Phillies and Comcast SportsNet have agreed to a new TV deal.
The deal is going to be over the next 20 to 25-years, and have massive financial terms, which are unknown as of Friday morning. Comcast SportsNet will broadcast the majority of Phillies games, while WPHL will no longer be carrying games. NBC10 will also get about a "dozen" of Sunday games under the new contract.
Comcast confirmed the Philadelphia Daily News report.
This type of deal is similar to the deals the Los Angeles Dodgers (25-years, $7 billion), Los Angeles Angels (20-years, $3 billion), and Texas Rangers (20-year, $1.6 billion) have gotten in recent years. Due to these contracts, these teams have been lucrative spenders, signing extravagant free agents in bulk. How the Phillies will be impacted has yet to be seen.
It has been pointed out that the Phillies new the deal was coming and still have been relatively quiet, making it hard to see their plans change because of the "official" deal. But maybe since they know how much they'll be getting, their minds will change. We will have to see how busy the Phillies will be in the rest of the Hot Stove season.
The current Phillies deal with Comcast will expire following the 2015 season.