NFL renews TV deals with CBS, Fox, NBC for nine more years, money reportedly involved

Yeah, the NFL's really great and everything, but you know what would make it even greater? More. Money. Fortunately for Roger Goodell & Co., that's exactly what the league is due to receive, thanks to a slate of TV deals signed last week. The agreements, set to go into effect at the end of the 2013 season, effectively renew the NFL's current agreements with CBS, Fox and NBC, extending the league's TV contracts for a "record-setting" nine extra years. Not surprisingly, the deals will also funnel some extra pocket change through the NFL's coffers -- which will of course be coming from you, if you're subscribing to cable or satellite TV. Currently, the three networks pay a combined $1.94 billion in annual rights fees, but according to the LA Times, the league will now receive an average of $3.1 billion per year, as stipulated under its renewed agreements. In a statement, Commissioner Goodell said the deals underscore his league's "unique commitment to broadcast television," with CBS Chief Executive Leslie Moonves adding that his network will benefit from the NFL's "terrific, exciting programming," and from the consistently high ratings that "no other franchise delivers." The agreements, which come just a few months after the NFL inked a comparatively lucrative deal with ESPN, will also allow for the league to shift games between CBS and Fox, in order to bring "regional games to wider audiences." Each network, moreover, will air three Super Bowls over the course of the nine-year contract, continuing the rotation currently in place. Tebow past the break for the full PR.

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NFL renews TV deals with CBS, Fox, NBC for nine more years, money reportedly involved originally appeared on Engadget on Mon, 19 Dec 2011 12:47:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/19/nfl-renews-tv-deals-with-cbs-fox-nbc-for-nine-more-years-mone/

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