AP source: MLB nears 8-year deals with Fox, Turner

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NEW YORK (AP) — A person familiar with the negotiations says Major League Baseball is nearing agreements with Fox and Turner Sports on eight-year contracts through 2021.

Under the deals, which are likely to be announced before the postseason, Fox will retain rights to the World Series and to a league championship series every year, the person said, speaking on condition of anonymity because no announcement has been made. The amount baseball receives from the two networks is likely to double to an average of about $800 million annually.

ESPN and MLB last month announced a new deal covering 2014-21 that will increase ESPN's average yearly payment from about $360 million to approximately $700 million.

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