NHL and Gary Bettman Make $11 Billion Announcement That Will Affect the NHL for Over a Decade
Photo credit: Yahoo Sports
The National Hockey League and Rogers Communications have reached a massive new agreement on a 12-year Canadian television deal.
Just over 10 years after signing what was, at the time, the largest broadcast rights deal in Canadian television history, a new deal has been agreed upon.
Per reports, the NHL and Rogers Communications have come to terms on a new 12-year agreement that will pay $11 billion CAD ($7.7B in current USD).
Additional information about the deal via Sportico:
The total and per-year averages are more than double the league's current agreement with Rogers. The league's media and executive committees have recommended that owners approve the deal in a vote in the coming days, said the people, who were granted anonymity because the details are private. Should that happen, it could be announced as early as this week.
The deal will kick in for the 2026-27 season. Representatives for Rogers (NYSE: RCI) and the NHL didn't immediately return requests for comment.
The deal will follow the league's current 12-year deal with Rogers, which it signed in 2013. That deal was worth $5.2 billion CAD, or about $4.9 billion based on the exchange rate at the time. That total is now $3.64 billion based on today's rates. That change highlights just one of the many ways that the NHL's business is impacted by swings in the USD-CAD exchange rate, a metric under further pressure thanks to new tensions between the countries.
The deal will kick in for the 2026-27 season. Representatives for Rogers (NYSE: RCI) and the NHL didn't immediately return requests for comment.
The deal will follow the league's current 12-year deal with Rogers, which it signed in 2013. That deal was worth $5.2 billion CAD, or about $4.9 billion based on the exchange rate at the time. That total is now $3.64 billion based on today's rates. That change highlights just one of the many ways that the NHL's business is impacted by swings in the USD-CAD exchange rate, a metric under further pressure thanks to new tensions between the countries.
But fan reaction to the news was lukewarm.
This sucks Sportsnet is one of the worst broadcasting of any network
12 more years of Sportsnet's subpar coverage
Lamest garbage I've read all year. Sportsnet is horrible.
Ughh Sportsnet NHL coverage is AWFUL
The original broadcast deal, signed in 2013, was for $5.2 billion over 12 years.
| POLL | ||
MARS 31 | 220 ANSWERS NHL and Gary Bettman Make $11 Billion Announcement That Will Affect the NHL for Over a Decade Was this a wise investment by the NHL? | ||
| Yes | 103 | 46.8 % |
| No | 117 | 53.2 % |
| List of polls | ||
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