The NFL announced on Thursday that it has signed new multi-year agreements with its broadcast partners, and they are massive.
According to the Associated Press, the league will get $113 billion over an 11-season period starting in 2023 — increase of 80 percent over the previous period, which brought the league $5.9 billion annually. With more than $10 billion coming the NFL’s way each season, the salary cap is also expected to bounce back after dipping to $182.5 million this season in light of the Coronavirus pandemic.
“These new media deals will provide our fans even greater access to the games they love. We’re proud to grow our partnerships with the most innovative media companies in the market,” NFL Commissioner Roger Goodell said in a statement released by the league.
“Along with our recently completed labor agreement with the NFLPA, these distribution agreements bring an unprecedented era of stability to the League and will permit us to continue to grow and improve our game.”
The NFL getting the broadcast deals done could also trigger the move to a 17-game regular season schedule. According to the Collective Bargaining Agreement signed into effect last spring, one finalized broadcast deal was needed to give ownership the ability to trigger the 17-game season.