One of the issues in this matter was the validity of an offer from the Houston Rockets basketball team to the Houston Astros baseball team for their media rights in exchange for cash and participation in a regional sports network formed to package and resell live local sports broadcasts. The Rockets and Astros were locked in a battle with Fox Sports over language in an existing broadcast contract between the Astros and Fox Sports.
Econ One was retained by counsel for the Rockets to analyze the Rockets’ offer. From an economic perspective, Econ One commented on the validity of the proposed offer, i.e., whether it was a third party, bona fide, arms length transaction. Jeffrey Leitzinger submitted an expert report which set forth the opinion that the proposed offer was valid. Dr. Leitzinger also provided deposition testimony before the matter was settled prior to trial.