Dodgers have yet to submit Time Warner deal to MLB for approval

Dodger Stadium in April 2012. The L.A. Dodgers created a new regional sports network to carry Dodgers games beginning with the 2014 season.

Few consumers are welcoming the new Los Angeles Dodgers/Time Warner Cable TV deal because many assume the cost per month will be high. The team has yet to submit their television deal to Major League Baseball for approval. We’ll find out why.

For 70, years the Dodgers colors has been largely unchanged from its traditional blue script on a white background. Lately though, the Dodgers have been all about the green.

Last year, the Guggenheim Partners bought the team for over $2 billion. Since then, trades and signings have taken the payroll to Major League record high of $225 million — that's right more than the New York Yankees.

Of course, it helps to have a $7 billion dollar cable TV deal to help pay for all this, but the deal is raising eyebrows, and the Dodgers have yet to submit it for league approval.

Joining us to explain is Andrew Zimabalist is a professor of ecomonics at Smith College and the author of "May the Best Team Win: Baseball Economics and Public Policy."