I say be done with Balley's. Turn the production over to MLB. They have experience with MLB Network and are generally good at it. Offer the MLB.tv app without the local blackout restrictions, and to whatever extent the local cable networks and TV affiliates are willing to pay to air some or all of the games, great. Everyone will have access (it won't necessarily be free, but that's not happening).
The Twins would probably have to leave money on the table, but this is where this is all eventually headed anyway, so why not just bite the bullet now. Better access should yield returns down the road.