Major League Baseball officially announced a new three-year media rights agreement with NBC, Netflix and ESPN on Wednesday, foreshadowing the league's more significant TV deal to come in 2028.

The new deal stems from ESPN's decision to opt out of its "Sunday Night Baseball" package earlier this year. ESPN struck a new deal with MLB, acquiring the rights to MLB.TV and a midweek game package. NBC Sports will take over the Sunday Night games, and Netflix will be the new home for the next three Home Run Derbies. All the deals begin with the 2026 season.

CNBC previously reported most of the details of the agreement in August.

"Our new media rights agreements with ESPN, NBCUniversal and Netflix provide us with a great opportunity to expand our reach to fans through three powerful destinatio

See Full Page