MLB Banding for Broadcast

Ah, this post goes out to those in The Economics of Sports. I ran across this article today and found it too interesting not to post.

Check the link out here, but I'll give you the short of it. It's been rumored through the grapevine that is corporate culture today, that Major League Baseball and XM radio have entered into an agreement. This agreement, beginning next year, would allow XM Radio the broadcasts rights to all MLB games. These rights would amount to a cash total of 470 million after 8 years, and could be exteneded an extra 3 years at a hefty price of 60 million per year.

here's a good example of the teams forming a 'cartel' to gain a league-wide agreement. Also, this ups the anty for Sirrus Radio, XM's biggest competitor. What's next for Sirrus, a metting with the NFL?