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Update, 12:13 p.m.: The Mariners have announced they're partnering with Direct TV to form a new regional sports network. According to the press release, the Mariners will own a majority stake. The network will televise Mariners games through the end of the 2030 season.

In a move that should result in a significant increase in future revenue, the Mariners will buy a majority interest in ROOT Sports, a source tells 710 ESPN Seattle's Brock Huard.

The Mariners' 10-year, $450 million TV deal with ROOT Sports was considered rich when it was signed in 2007, but it pales in comparison to recently-inked contracts like those of division-rivals Los Angeles and Texas.

The Mariners' deal with ROOT went into effect in 2011 and runs through 2021 but includes an opt-out clause that the team can exercise after the 2015 season. The move to purchase a controlling interest in ROOT Sports gives the team a head start on cashing in on the increasing value of regional sports networks throughout the country.

According to Huard, an announcement is expected within the next few days.

Follow ESPN Staff, Staff report

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