Yes, campers, that's billions with a B. Deal includes digital and radio as well as TV. The deal is about double what the Network Who Shall Not Be Named pays now, and averages about $700 million/year. If, indeed the money is being distributed equally, this is about $23.3 million per club per year. This is lunch money, of course, for the Yankees, but real money for the Indians. If I'm doing the math right, this figure is up from about $11.9 million/team from the current ESPN deal.
This probably also pushes up substantially the prices that will be paid for the playoffs when they come up for bid from Fox and whoever will be bidding against them, so there will probably be another jump in media fees.
The ESPN package includes one Wild Card Game and, for those of you who hate the NWSNBN, here's a money quote for you:
"ESPN also picked up rights to carry games featuring more popular teams, like the Yankees and Red Sox, more frequently."
Craig Calcaterra of Hardball Talk does some math and estimates that when all the deals are done, each team could have increased annual national TV income of $25 to $40 million. This is an increase in baseline money, before local TV, radio and attendance figures are considered.