The NHL has come to an settlement with an organization for its second TV rights package deal. And it’s a shock.
In accordance with the New York Publish’s Andrew Marchand, Turner Sports activities has agreed to a seven-year take care of the NHL and pays round $225 million per season for the league’s “B” package deal. Over the lifetime of the deal, Turner Sports activities pays $1.58 billion to the league.
Turner goes to pay within the neighborhood of $225M per season over its seven-year NHL deal, in line with sources. That is practically $1.6B.
— Andrew Marchand (@AndrewMarchand) April 26, 2021
Earlier within the day, the Sports activities Enterprise Journal reported that NBC Sports, the current national rights holder, bowed out of the bidding, and solely provided $100 million per season for the second package deal – about half of what it was averaging per yr in its present deal.
The NHL’s settlement will internet Turner Sports activities three of the subsequent seven Stanley Cup Finals and the Winter Basic.
The NHL shall be having a Board of Governors name later in the present day to replace the upcoming US TV image. 4 of subsequent 7 Stanley Cups on @ESPN; 3 on Turner.
— Elliotte Friedman (@FriedgeHNIC) April 26, 2021
For these asking, the Winter Basic goes to Turner.
— Greg Wyshynski (@wyshynski) April 26, 2021
The NHL now in complete is incomes round $655 million per yr with its new US broadcast rights offers between ESPN ($430 million) and Turner ($225 million). That’s over two instances what it was masking beforehand per yr ($300 million).
Compared, the NBA is making approximately $2.7 billion per season.