Yankees reportedly buy back YES Network for $3.47 billion

Photo by Michael Heiman/Getty ImagesIf you’re the kind of person that follows the business and economics of baseball, you received some news this morning that you’ve been waiting on for a while. Per Forbes, the Yankees are set to announce they’ve bought back the YES Network, the most lucrative regional sports network (RSN) in the game, in partnership for a total sale value of $3.47 billion in cash.

The Yankees are partnering with the controversial Sinclair Broadcasting Group, who is expected to handle the on-air broadcasts, as well as Amazon, who will likely be instrumental in growing the Yankees’ presence in online streaming services. You don’t have to be a consultant to know that the…