The NFL further solidified its status as the nation’s most prosperous sport by completing a lucrative set of extensions of its national television contracts with Fox, CBS and NBC.
The nine-year extensions run through the 2022 season, the league announced Wednesday.
Industry sources said the new deals will be worth an average of about $1 billion apiece to the NFL over the length of the contracts. That total of approximately $3 billion annually for the three deals is up from about $1.9 billion per year currently for the contracts with the three networks.
“These agreements underscore the NFL’s unique commitment to broadcast television that no other sport has,” NFL Commissioner Roger Goodell said in written statement. “The agreements would not have been possible without our new 10-year labor agreement and the players deserve great credit. Long-term labor peace is allowing the NFL to continue to grow and the biggest beneficiaries are the players and fans.”