The Los Angeles Dodgers formally announced a deal with Time Warner Cable on Monday to create a new TV channel that people familiar with the situation said assures the team more than $7 billion over 25 years.
That is double what Major League Baseball thought the local TV rights were worth when the team was sold out of bankruptcy just last year.The gap will be the subject of discussions over the next few months as the league attempts to haggle over how much of that extra money will go into a revenue-sharing pool to help out baseball's poorer franchises.Briefly Cardinals: Infielder Ronny Cedeno agreed to a $1.15 million, one-year contract with St. Louis, giving it insurance in case shortstop Rafael Furcal has problems returning from an elbow injury that sidelined him late last season. Padres: Tom O'Connell, the agent for Luke Gregerson, said the pitcher agreed to a $3.2 million, one-year contract with San Diego. Phillies: Philadelphia agreed with veteran reliever Chad Durbin on a one-year contract, a source said. Durbin returns to Philadelphia where he played a key role in the bullpen on the 2008 World Series championship team. Yankees: Derek Jeter worked out on a baseball field for the first time since breaking his left ankle last October.Have more to add? News tip? Tell us
