I think a summary might be that:<p>1. ESPN historically was making way more money than they should due to bundling.<p>2. ESPN is passing along a large percentage of this money to the sports teams in the form of media rights (aka they pay the NFL teams to show Monday Night Football).<p>3. ESPN is now on a downward path due to people opting out of bundles.<p>4. Sports teams will make less money overall after this shakes out as ESPN artificially bid up the market.