Bobby Abreu to NYY for steaming pile of crap

You are partially right in what you are saying, but your numbers are way off. The Yankees TV rights are worth more than any team's, but they charge the Yes Network $60 million to carry the games (they used to charge MSG $50 million a season), not $200 + million and that revenue is accounted for when people estimate that they lost $50 to $85 million last year. The question is how much in profit does the Yes Network pull. The answer to the revenue part of the question (not profit) is somewhere around $230 million in ad and subscription revenue. The Yankees don't own the Yes Network outright, they own 38 percent (Goldman Sachs owns more of it than the Yankees do). We know the Yes Network is pulling somewhere between $200 and $300 in revenue, but we don't know what the expenses are. Well, we do know the cost of the rights to the Yankees games is $60 million. Then there are also production costs, salaries, etc. So let's say we generously assume that the Yes Network will profit $150 million this year, and that is probably very generous. That means another $57 million (38 percent) finds its way to the bottom line of the holding company that owns both the Yankees and the stake in Yes. Considering that there is the chance that the Yankees, separately from the Yes Network, could have lost as much as $85 million last year, even taking into account their stake in the Yes Network, the whole entity could have lost money. What's clear is that they are not profiting "hundreds of millions" of dollars as someone idiotically posted. But no sports franchise is. You don't own sports franchises for year by year profits. They are crummy little businesses for the most part. You own them because you have an ego, and since there is limited entry, you hope you will profit on resale value--franchise values keep increasing.