Deciphering the McCourt's (sorta) divorce settlement

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Here you have Frank and Jamie being questioned by reporters (via NBC 4) about the agreement that could lead to a settlement later this summer. But first Major League Baseball (aka Bud Selig) must sign off on the team's long-term television deal with Fox, and there's no telling whether that will happen. If Selig does turns down the deal, today's agreement becomes null and void. That probably would lead to Selig seizing the club - and perhaps McCourt suing MLB. Of course, very little about the McCourts is predictable, so let's not jump the gun just yet.