The Phillies have finally landed the enormous television contract that has been rumored for years. The team and Comcast SportNet have agreed to a long-term broadcasting deal, the network announced on Thursday. Here's the statement from Maureen Quilter, Comcast's senior director of communications:

“We're pleased to confirm that NBCUniversal and Comcast SportsNet have signed a new long-term deal with the Philadelphia Phillies that will expand Comcast SportsNet's role as the Phillies' primary TV partner. Although the terms of the comprehensive deal are confidential, details surrounding the 2014 schedule of games will be provided in the coming months.”

Kevin Cooney of the Bucks County Courier Times says the deal is believed to span 20-25 years. Financial terms are said to be "massive" and along the lines of other recently signed television deals. The Phillies will not start their own regional broadcasting network but will receive a similar payout, according to Cooney.

The team received only $35 million per year under their old agreement, which is a pittance by today's standards. Even small market clubs like the Astros and Padres are getting $65+ million annually nowadays. The Dodgers recently agreed to a 20-25 year deal worth upwards of $7 billion while the Rangers landed a more modest $1.6 billion across 20 years.