The single biggest off-ice issue for the Washington Capitals has now been resolved. John Ourand of the Sports Business Journal reports that the Caps’ parent company, Monumental Sports and Entertainment, has a handshake deal in place with NBC Sports for 15 years of television rights. The deal would more than double Monumental’s take from their current deal, up from $13 million to $28 million. The deal also reportedly would give MSE 33-percent equity in CSN Mid-Atlantic, the regional sports network that airs nearly all Capitals and Wizards game.
The deal, in short, would be a windfall for Ted Leonsis and the Capitals.