NBA's Nine-Year Media Rights Deals With ESPN, Turner Worth $24B
ESPN and Turner Sports have completed nine-year deals worth a massive $24B to renew their NBA media rights through the '24-25 season. The deals will be announced during a press conference this morning that will be available on NBA.com and NBA TV. The average annual $2.6B combined payments is much more than double the current deal, which averages around $930M per year. Sources say ESPN will account for about $1.4B per year, while Turner's payment will average around $1.2B. Sources said that the deal prevents other nets, like Fox Sports and NBC Sports, from picking up a third package.
From a television standpoint, the new deal will look a lot like the old deal. See today's issue of THE DAILY for more.