http://www.sportsbusinessdaily.com/Daily/Morning-Buzz/2011/04/19/NBC-NHL.aspxNBC and Versus have agreed to a deal to renew the NHL’s TV rights, according to execs close to the deal. A formal announcement is expected to come this afternoon. Specific deal terms are not known, but the bidding had gone above $200M per year
The NHL’s rights fee is believed to exceed – by far – the $120M per-year average that ESPN paid from '99-'04, which marked the NHL’s largest contract to date. The league’s current deal with Versus is for $77.5M per year, while NBC has a revenue-sharing deal that does not involve a rights fee. Many execs inside the NHL favored ESPN, believing a deal with the network would guarantee more coverage on popular shows like “SportsCenter.” But NBC and Versus determined that the package was too important for Versus to lose. This marks the first big media rights negotiation since Comcast acquired NBC.
End of Line
It's Clobberin Time!
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End of Line
It's Clobberin Time!
6,867
posts
Tue, Apr 19, 2011 11:37 AM
Apr 19, 2011 11:37 AM
Apr 19, 2011 11:37am