NFL Scores New Media Deals Worth $110 Billion, Thursday Night Package for Amazon
Don’t be surprised if you see NFL executives do an end-zone dance after the league signed a record media deal that will pay it $110 billion over the next 11 years, or almost double the value of its previous contracts.
The new agreements with CBS, NBC, Fox, ESPN and Amazon will take effect beginning in 2022 and 2023 and run through the 2033 season, The New York Times reported on Thursday. The sheer dollar amount should make it easier for the NFL to proceed with its plan to expand the regular season to 17 games and increase the amount it charges for broadcast rights.
See: Amazon Has Been Silently Building a Grocery Chain
Find: 27 Richest No. 1 NFL Draft Picks
The New York Times, citing four unnamed sources, said CBS, Fox and NBC will each pay more than $2 billion annually to retain their broadcast slots with the NFL. Disney-owned ESPN will reportedly pay around $2.7 billion a year to keep airing Monday Night Football.
Disney, whose new contract starts in 2022, will also be added to the Super Bowl broadcast rotation beginning in 2026, CNBC reported, with rights to air two Super Bowls on its ABC network. Disney also gets an expanded calendar of games and the rights to air an international game each year starting in 2022.
Amazon Prime will become an exclusive partner for the NFL’s Thursday Night Football package, marking the first time that a streaming service will carry a full package of games exclusively. Amazon will pay about $1 billion per year, CNBC said, citing people familiar with the matter.
See: Biggest Contract Busts in NFL History
Find: The Highest-Paid Player on Every NFL Team
Each of the other broadcasters’ deals also include agreements for their respective streaming platforms.
“Over the last five years, we started the migration to streaming,” said Robert K. Kraft, owner of the New England Patriots and chairman of the NFL’s media committee. “Our fans want this option, and the league understands that streaming is the future.”
The NFL didn’t disclose who will broadcast Sunday Ticket, a subscription service that lets fans watch out-of-market weekend games that aren’t broadcasted nationally. DirecTV holds the rights to that service through 2022.
More From GOBankingRates
- If You Get a Stimulus Check, How Will You Use It? Take Our Poll
- How Long $1 Million in Savings Will Last in Every State
- 30 Essential Money Habits
- 27 Ugly Truths About Retirement
