Yankees, StubHub announce 6-year ticketing deal

The New York Yankees and StubHub have officially joined forces.

The baseball team announced a six-year partnership with the company Monday that will make StubHub the team's official ticket re-seller, beginning in mid-July. The contract is believed to be worth over $100 million, according to Darren Rovell of ESPN.

StubHub will now work directly with the Yankees ticketing system, and replace the Yankees Ticket Exchange that was operated by TicketMaster.

"We are committed to providing our fans with a first-class ticket experience, and offering the safest, most secure and efficient platform for our fans to sell and purchase tickets," Yankees president Randy Levine said in a statement. "This new product was the result of many productive discussions with StubHub, which will allow them to fully integrate into our ticket system. We are confident this collaboration will best protect our fans in the resale ticket marketplace."

The Yankees will continue to be the only team to offer mobile ticketing as the only acceptable option when purchasing through their program. Levine stood by the decision to refuse entry to Yankee Stadium for patrons with tickets that were printed at home on Monday, telling Jared Diamond of the Wall Street Journal that he now considers such vouchers to be "obsolete."

The changes in ticket policy were made prior to the 2016 season, and stemmed from a pre-agreement feud with StubHub, which had previously been in partnership with the team until their agreement ended in 2013. In February, Yankees chief operating officer Lonn Trost said the club had become concerned that a fan buying a discounted ticket from a resale service like StubHub ''may be someone who has never sat in a premium location, so that's a frustration to our existing fan base.''