NFL Banks $24 Billion In New TV Deal

6 Dec

By RJP Staff

SportsBusinessDaily.com says the NFL is about to prove that the rich get richer, and then some. The website is reporting that the league is close to an across-the-board renewal of its TV contracts that will boost rights fees by more than 60% and yield $24 billion over the next eight years!

The new deals would mean that CBS, NBC and Fox would pay an average of $1 billion a year to broadcast NFL games. Those networks’ current deals end after the 2013 season and would be extended through the 2021 season, according to the website. ESPN signed a new agreement with the league in September at a 63% increase in fees. The other deals might be completed within a month, SportsBusinessDaily.com says.

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