ContributorNetwork - While the National Football League avoided a protracted labor dispute such as the one that cost the NBA one-quarter of its season, it has wasted no time attempting to further enhance the profitability of the most popular professional athletic league in the United States. The Wall Street Journal reported today that the NFL is nearing a new eight year media rights agreement with Fox, NBC, and CBS that will garner $3.2 billion per year, representing a 60 percent increase. This follows the NFL's recent agreement with ESPN for "Monday Night Football" which secured $1.9 billion per season through 2021. Accounting for all media deals, the average annual media fees for the league would be around $6 billion through 2021.
More...
More...