Maybe. It's not clear that these TV rights deals are unprofitable. If those deals are the drag on ESPN's financials, the leagues will take a big hit. Those deal

Maybe. It's not clear that these TV rights deals are unprofitable. If those deals are the drag on ESPN's financials, the leagues will take a big hit. Those deals are longer-term though and the leagues have lots of existing and emerging opportunities. You also have to consider that some owners treat their franchises like fancy sports cars, not businesses, and they are extremely rare cars at that!