"It looks like this will happen," the source said. "It’s 80% done and could get finished this week."
The deal is reportedly worth $15-$20 million over 10 seasons, which would give the Yanks more radio money than any other team in baseball. (Like they needed more money to play with...)
The Yankees are in the market for a new radio deal because their contract with WCBS-AM expires at the end of this year. Other radio big shots like Clear Channel and ESPN also expressed interest in acquiring the club's rights, but it appears as though New York will stick with CBS.
WFAN, which is owned by CBS, has been the radio home of the New York Mets for more than four decades. If the Yankees are able to seal their deal with the station in the coming weeks, the Mets will have to find a new bandwidth willing to broadcast their games. Perhaps Clear Channel or ESPN will take them on.
No decision has been made about whether John Sterling and Suzyn Waldman, the Bombers' current booth duo, will make the move over to WFAN with the team. The Yankees have typically retained the rights approve radio and TV commentators in the past, per Raissman, so they'll likely have the final say in the matter.