“I am leaving afternoon drive this December. Details to come,” Francesa, 65, reports The NY Post.
The Post’s Andrew Marchand reported in September that Francesa would be moving most, if not all, of his content from WFAN’s airwaves to Radio.com’s digital presence. Both companies are owned by Entercom.
Francesa retired from WFAN two years ago with his alleged final show coming on Dec. 15, 2017. He returned four months later with big talk of pushing the “Mike’s On” app that turned into a bust after he tried selling it for $8.99 per month. All the content is now free on Radio.com, where Francesa now will devote the majority of his energy.
“Mike Francesa will continue to be part of WFAN, and will soon also have an expanded role on Radio.com,” Susan Larkin, the Regional President of Entercom New York, said in a statement.
“While we are still finalizing details, this is an exciting move to bring more of Mike’s iconic sports talk content to fans across broadcast and digital in new, engaging ways wherever and however loyal sports fans want it. Stay tuned as we will be sharing more details in the weeks to come.”
On Tuesday Francesa said his new situation “has nothing to do with the money.” But the NY Daily News notes the late, legendary Giants GM George Young once said: "When they say it’s not about the money, it’s always about the money.”
And when in doubt, follow the cash. While Entercom suits wanted Francesa back badly in 2018, they still cut his nearly $4 million per year pre-retirement WFAN salary to $2 million per. Francesa never signed his “new” Entercom contract. It was set to expire at the end of this year. According to FAN sources, Francesa was staring down the barrel of another pay cut. Francesa wanted $3 million per to remain in FAN’s afternoon-drive spot. Entercom would not go near his $3 million per request.
Entercom has been “penny pinching” on talent salaries.