ESPN is doubling down on baseball.
The Walt Disney Co.-owned sports cable empire is poised to announce a new eight-year, $5.6-billion deal Tuesday with Major League Baseball that is expected to more than double what it currently pays for games, people with knowledge of the detail said.
On an annual basis, ESPN will pay $700 million for baseball, compared with $350 million under its current deal, which expires at the end of next season. That agreement includes games on ESPN, radio broadcasts, international rights and some digital rights.
ESPN is also getting back into postseason baseball for the first time in several years as the pact gives it the rights to a wild-card game.