The New York Yankees will announce Monday morning that it is transferring its resale business, Yankees Ticket Exchange, to StubHub, which will take over for Ticketmaster as the team's new fan-to-fan ticket exchange.
Financial terms were not available, but the business is believed to be worth more than $100 million to the Yankees over the term of the agreed to contract.
The deal brings to an end a long battle between the team and StubHub, which began when the Yankees were one of two teams -- along with Los Angeles Angels -- to opt out of Major League Baseball's deal with the secondary ticket market maker.