Mar. 19 at 2:43 PM
NFL is negotiating a new media rights deal w/
$PSKY that would give CBS the right to carry its Sunday package of NFL games thru the 2033-34 season without an opt-out clause.
CBS currently pays around
$2.1B/yr, on avg, for its Sunday afternoon game
NFL & CBS execs are negotiating a price increase, w/ a bid-ask spread midpoint around +50% or +60%
NFL has chosen to begin negotiating w/ Paramount’s CBS before any of its other media partners b/c a change-of-control provision — stemming from Skydance Media’s acquisition of Paramount Global — allows the NFL to break its deal by 2027
After a deal w/ CBS is done, the NFL plans to next negotiate w/
$FOXA , which owns the league’s other Sunday afternoon package
Fox currently pays slightly more than CBS for its package of games — about
$2.2B
ESPN already pays
$2.7B for Monday Night Football
$CMCSA NBCUniversal,
$AMZN Prime Video & Fox
are also subject to the 2029-30 opt-out clause in their deals.
$DIS ESPN & ABC have until 2031.
