On December 14, 1988, CBS (under the guidance of Commissioner Peter Ueberroth) paid approximately $1.8 billion for exclusive television rights for over four years (beginning in 1990). CBS paid about $265 million each year for the World Series, League Championship Series, All-Star Game, and the Saturday Game of the Week. It was one of the largest agreements (to date) between the sport of baseball and the business of broadcasting.