In 1999 George Steinbrenner selected Schiller to become CEO of YankeeNets, a conglomerate that owned the New York Yankees of Major League Baseball, the New Jersey Nets of the National Basketball Association and the New Jersey Devils of the National Hockey League. He was instrumental in creating the YES Network (Yankee Entertainment and Sports Network), a regional cable and sports channel that currently broadcasts games for the Yankees, Brooklyn Nets and New York City FC of Major League Soccer; it is now worth an estimated $3 Billion.