Live sports are the lifeline of TV networks. Some people like to do the a la carte, but I think the majority like to buy a package and include as much as possible. For a larger and larger majority of people, they are a following games on their phones, and not watching games play by play. That's the dance you are speaking of. How many of us now just wait to see the 2 minutes of high lights rather than siting through a 2-3 hour game? As inflation grows and people really struggle making ends meet, will TV streaming services, cable and dish start being cut by a big chunk of viewers?As long as the high dollar, nearly all-inclusive live TV packages dominate viewership, all pro sports leagues will be financially strong. There's a dance to be done as people go more a la carte in paying for TV. I think if we suddenly shifted to all a la carte, that would change markedly in pretty short order. TV contracts run a long time, but I'm not sure if they are staggered in interval from league to league or not.
As long as the bulk of TV channel buying decisions are essentially ceded to proxies for most of us, the financial dynamics will stay the same.