“As Ken Rosenthal of The Athletic outlines, local television contracts don’t call for rebates from teams until roughly 25 games are lost. Jeff Passan of ESPN adds some specifics, writing that avoiding rebates requires broadcasting between 138 and 150 games (with slight team-to-team variation). That plays into the owners’ ability to hold out, as does the general fact that their wealth considerably outpaces that of the players. In cold-weather states, April is a relatively poorly attended month anyhow — at least after the early rush of the opening series.”
https://www.mlbtraderumors.com/2022/03/mlb-television-deals-25-missed-games.html