It’s amazing how much money NFL teams make from TV deals. It’s almost unimaginable how much a team can pocket from it! I mean, the sale of these rights can really establish a team’s financial stability.
When the Green Bay Packers sold the rights to its preseason games to WLUK-TV in 2019, the team made $34 million. That’s a lot of cash! And that doesn’t include the millions the Packers make from broadcast television when NFL games secured their own deal with the media outlets.The team also secured a two-year extension with WLUK in 2020, so that number is likely to grow.
But the Packers aren’t the only team making big money off of TV deals. The Pittsburgh Steelers recently signed a deal with Sinclair Broadcast Group, worth around $50 million – which was one of the longest deals of its kind in the NFL, lasting eight seasons. That’s almost double what the Packers made!
The New York Giants also recently signed a six-year deal with WNBC worth over $140 million! That’s massive! And the Los Angeles Rams are currently leading the pack with the biggest TV deal in the league, signing a ten year, $1.91 billion agreement with CBS Sports in 2019.
It’s mind-blowing how much money these teams are making form the TV deals! I mean, it helps stabilize their teams financially and brings in more money so they can invest in better players, facilities, and other possible investments.
What’s more, this money also helps create thousands of jobs both on the TV and the team side. With the money, these teams are able to create better experiences for the fans and make sure the players are taken care of.
It’s no secret that TV deals are a great source of revenue for many of these teams. The NFL has seen a consistent rise in ratings in recent years, meaning more money from TV networks, and higher salaries for the players.
The truth is that people love watching football on TV,It’s a great opportunity for the teams to get more out of their TV deals as they continue to grow, as well as to increase the marketability of their team. All of this translates into more money for the NFL and the teams.
The league’s most recent six-year TV deal, from 2021-2023, is worth an estimated $1.70 billion per season. This agreement saw the major players in broadcasting – Fox, NBC, CBS, AppleTV and ESPN – all make significant contributions to secure rights for exclusive games.
It’s incredible to think about how popular football is, and how it can bring in so much money for teams. The Next time you switch on your TV to catch a game, remember there’s likely a lot of money going to the team on the field!