The National Basketball Association is widely expected to renew its current TV-rights deals with Walt Disney’s ESPN and Time Warner’s Turner Broadcasting, according to a person familiar with the situation.
The deals, which Sports Business Journal reported in September are likely to be worth more than $2 billion overall, would leave other media companies who may have hoped to add NBA games to their programming rosters, in the lurch. NBC Sports and Fox Sports were among the likely beneficiaries if the league were unable to come to terms with either Turner or ESPN. The current deals were expected to end in 2016.
The NBA issued an advisory Sunday evening that it would announce the terms of its new TV deals on Monday. An NBA spokesman declined to offer further comment. An ESPN spokesman also declined to comment. A spokesman for Turner Sports declined to comment.
An NBA agreement is perhaps the last major deal with a sports league that ESPN has to negotiate for the next several years.
Turner’s pact with the NBA goes beyond the telecast of games. The unit is heavily involved with the NBA’s digital-media strategy.
Sports Business Journal and NBCSports.com were among the outlets reporting the NBA would extend its current deals.