The amount networks are paying to broadcast NFL games is skyrocketing

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Chart of the Day   The amount networks are paying to broadcast NFL games is skyrocketing Bidding for the rights to broadcast the NFL's Thursday night games will open soon and the winning bid is expected to land somewhere between $600 million and $1.0 billion per year, a big jump over the $300 million CBS is currently paying the league. If we estimate the value of the package at $800 million per year, that would mean the total cost to broadcast NFL games in the United States will surpass $7.0 billion in 2016, reaching $7.3 billion. That is nearly three times as much as the networks were paying just ten years ago ($2.6 billion). The good news for the networks is that all of the deals are locked in until at least 2021. Depending on the length of the Thursday night package — the NFL reportedly wants this package to fall in line with the others in terms of length — there probably won't be another surge for 6-7 years. Read » Also On Sports Today: The NFL is in line for another huge payday as networks gear up to bid on Thursday night football games The NFL should be terrified of the Carolina Panthers Advertisement Players born outside of the United States now make up nearly 30% of the NBA 25 NFL teams still have a legit shot to make the playoffs Oklahoma's chances to make the College Football Playoff just surged while Notre Dame's fell Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Sports RSS Feed Business Insider. 150 Fifth Avenue, 8th fl, NYC 10011 Terms of Service | Privacy Policy Share the latest business news with your network: Share on Facebook Share on Twitter Share on Linkedin Share via email The email address for your subscription is: Manage your email preferences   |   Unsubscribe Business Insider RSS Feed   |   Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, 8th fl, NYC 10011 About Me love View my complete profile Powered by Blogger.