NCAA Reaches $8.8 Billion Broadcast Deal

April 13, 2016

The National Collegiate Athletic Association announced Tuesday that it had reached an agreement with CBS Sports and Turner that will extend the broadcast rights for its Division I men's basketball tournament another eight years and that will award the association and its members $8.8 billion. The previous 14-year deal, priced at $10.8 billion, was to last through 2024. The new deal extends the agreement to 2032 and will net the NCAA $1.1 billion per year.

In 2011, ESPN extended its contract with the NCAA to broadcast the women's basketball tournament and other championship games. That 13-year deal was reportedly worth $500 million.

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