As we enter into a new year, new opportunities are all we hope for. NCAA has made it possible for itself with just 5 days into 2024. NCAA has always been considerate about collegiate sports and aims to do the best for it. This year they are wasting no time and have already started revamping the brand.
This non-profit organization regulates student athletics in around 1100 schools in the US and always focuses on growth. This time they have cracked an ultimate deal with ESPN, and the entire sports community is stunned by that.
NCAA stuns the sports community with its million-dollar deal
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The Sports Business Journal has taken to its X account to announce the magnificent deal of NCAA with ESPN. They stated, “The NCAA has a new ESPN deal worth $115M annually for coverage of 40 championships domestically”. This is one of the biggest deals and lays emphasis only on the growth of the students. They have further added, “The new deal runs through 2030 & is roughly three times the value of the current contract that expires in 2024”.
#BREAKING: The @NCAA has a new #ESPN deal worth $115M annually for coverage of 40 championships domestically 📺
The new deal runs through 2032 & is roughly three times the value of the current contract that expires in 2024.
Read more from @bportnoy15: https://t.co/iz5lELTwYY
— Sports Business Journal (@SBJ) January 4, 2024
This eye-catching milestone of the NCAA is an eight-year deal with ESPN. Of the 40 championships mentioned, 21 are women’s events and 19 are men’s events. These are beyond men’s basketball events. NCAA President Charlie Baker has confirmed that over and above the deal value, 25% more will be incurred for marketing and production.
With this, the women’s basketball, women’s volleyball, women’s gymnastics, and FCS football championships will all be aired on ABC each year. Along with them, the softball and baseball championships will also be getting similar exposure. The authorities of the NCAA have also expressed their thoughts about this scrumptious deal.
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NCAA authorities share their word about the deal
Baker revealed that the size is decided based on the analysis of the viewership and the value of college sports. He added, “If you look at the numbers across most of these sports, they’ve all done far better over the past few years”. He also has full faith in the fact that these factors are only going to face growth in the coming days.
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ESPN Chairman Jimmy Pitaro about this deal expressed, “This deal really strengthens our industry-leading commitment to women’s sports. The fact that we were able to secure an exclusive extension of these rights and actually enhance the rights”. He felt this step was extremely important. It remains to be seen what magic the deal brings on the plate.
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