In the world of sports, television rights and sports broadcasting contracts are becoming increasingly more important. This is because television networks are seeing the highest tv rights in sports to air live sporting events in order to attract viewers and advertisers. As a result, sports teams and leagues are able to negotiate larger and larger contracts with these networks. In this blog post, we will take a look at some of the biggest TV rights deals in sports history.
NFL – $39.6 Billion
The National Football League (NFL) is the highest-grossing sports league in the world, and it is no surprise that its television rights deals are worth a staggering amount of money. The NFL signed a new nine-year contract with CBS, Fox, NBC, and ESPN, which was worth $39.60 billion. This deal means that each network will air games on Thursday nights, Sundays, and Monday nights. In addition, the NFL championships also has a separate contract with DirecTV worth billions for the Sunday Ticket package. This allows fans to watch every NFL game on Sundays.
NBA – $24.0 Billion
The NBA’s current TV rights deal is worth $24.0 billion and runs through the 2024-25 season. The agreement, which was signed in 2014, gave each of the league’s 30 teams an average of $760 million per year. Additionally, it showed the NBA an annual rights fee increase of three per cent, which is a clear indication of the success and popularity of the league. The NBA’s TV rights are shared between ESPN/ABC and Turner Broadcasting (TNT).
Premier League – £4.46 Billion
The Premier League is one of the most-watched sports leagues in the world, and its television rights deals reflect that. In 2013, the league signed a three-year contract with Sky Sports and BT Sport which was worth £790 million per year. That deal was later extended for two more years and worth £920 million per year. The league’s success contributed significantly to these networks being willing to offer such extensive deals for the broadcasting rights alone.
MLB – $12.4 Billion
The MLB championships signed a new eight-year television contract with ESPN, FOX, and TBS worth $12.40 billion. This deal replaced their previous agreement, which was only worth $733 million per year. The new contract will keep baseball on television and save millions of households entertained for the foreseeable future. The partnership continues FOX’s Saturday afternoon games, ESPN’s Sunday Night Baseball, and TBS air the postseason.
Bundesliga – €4.84 Billion
The Bundesliga championships, Germany’s top soccer league, signed a four-year contract with Fox Sports and ESPN that was worth €780 million per year. This deal made the Bundesliga the highest-paid sports league in the world. In addition, it gave Fox Sports the exclusive rights to broadcast all matches in the United States.
Serie A – €2.8 Billion
The Serie A, Italy’s top soccer championships, signed a three-year contract with Sky Sports and Mediaset Premium worth €2.8 billion in total. This deal made Serie A one of the highest-paid sports leagues in the world. As you can see, the biggest TV rights deals in sports are worth billions of dollars. These deals show no signs of slowing down, and it will be interesting to see how much they are worth in the future.
La Liga – €2.65 Billion
The Spanish La Liga championships secured a massive €265 million per season deal with Mediapro to distribute its TV rights. This is also one of the biggest TV rights deals in sports have ever seen, and it’s more than twice as much as their previous agreement. The new contract will also ensure everyone has access to some of the best football entertainment available.
NHL – $5.2 Billion
The National Hockey League (NHL) signed a new television contract with NBC and Rogers Communications worth $200 million per year. This deal is the biggest in NHL history, and it runs through the 2021-22 season. Additionally, it gives Rogers exclusive rights to all Stanley Cup Playoff games in Canada.
AFL – $2.0 Billion
The Australian Football League (AFL) signed a new six-year contract with Seven West Media and Foxtel worth $100 million per year. This deal ensured that AFL games would be televised on free-to-air television in Australia. The agreement also granted Seven West Media the exclusive rights to broadcast all AFL games. With the league’s growing popularity, it’s no surprise that the AFL was able to secure such a large deal.
Indian Premier League – $1.6 Billion
The Indian Premier League (IPL) is the world’s richest cricket tournament, and it is no surprise that its television rights are worth a lot of money. The IPL signed a five-year contract with Star India that was worth $560 million per year. This deal gave Star India the exclusive rights to broadcast all IPL matches in India. With the potential revenue, the IPL indicated is the obvious reason these broadcasters offer these high deals to leagues.
UEFA Champions League – $1.5 Billion
BT Sport has retained the exclusive rights to broadcast the Uefa Champions League, securing a US$1.5 billion contract to air European club soccer’s top league from 2021 through 2024.
The most lucrative agreement in terms of the Champions League for European football’s governing body, BT has extended its contract to air all games live and air highlights throughout the UK.
As you can see, the biggest TV rights deals in sports are worth billions of dollars. These deals show no signs of slowing down, and it will be interesting to see how much they are worth in the future. With so much money involved, it’s no wonder why these leagues are some of the most popular in the world.