Diamond Sports Groups, the parent company of Bally Sports, and the largest owner of regional sports networks is filing for bankruptcy. 

Bally Sports owns the broadcast rights to 42 professional sports teams, including the Cleveland Guardians. Fox 8 News reports that as a part of its bankruptcy proceedings Bally Sports is set to reject the contracts of 4 teams including the Guardians, the Cincinnati Reds, the Arizona Diamondbacks and the San Diego Padres.

The MLB has announced that if that happens they will air games locally on the MLB Network and make them available to stream on MLB.TV