Just last week the New York Post reported that the NFL is pressing NBC for a big fee hike to renew its football rights deal. Now Sports Business Daily reports that the league is close to renewals with all three of its TV partners – all with big price hikes.
Sports Business Daily pegs the rights fee increase to be at least 60%. The total for CBS, Fox and NBC would be more than $24 billion over the next eight years. Current deals expire after the 2013 season. The report says the new contracts will go through the 2021 season.
If you add in the $1.8 billion that the NFL will be getting each year from ESPN (cable) for “Monday Night Football” plus the fees that the league gets from DirecTV (“Sunday Ticket” satellite TV), Sirius XM (satellite radio), Westwood One (radio) and Verizon Wireless (mobile), Sports Business Daily calculates that the NFL will take in around $7 billion annually from its new rights deals, up 64% from $4.28 billion under the previous deals.