NBA agrees to a record 11-year $76 billion media rights deal; which companies are in the race, details here

NBA is closing in on new media deals with a record 11-year contract that will see $76 billion in earnings from media rights, according to a recent revelation by a person familiar with these media right deals, says an AP report. The new media deals will see players receiving standard and handsome salaries for the foreseeable future and also evolve the way NBA is viewed by the audience.

NBA's new media rights deal could be worth $76 billion, says reports

The media rights deals worth billions has now reached its final stages, according to the source, which will now require league's board of governors to put their seal on the contracts and give it a go ahead.

It can be ascertained that the discussion and final steps on the new media rights deal may take place at a meeting in Las Vegas next week, where the board of governors will be present. However, NBA has not officially commented on these claims and any confirmation on their end around these new media deals is still pending.

NBA media rights deal: Who is going out?

If reports are to be believed, TNT Sports, that has been an ardent part of the NBA broadcasting for decades, will now face the axe as some deals may go to NBC and Amazon Prime, while games will continue being aired on ESPN and ABC. TNT Sports has just five days to match one of the deals being offered by their competitors or its game over for them, says AP.

According to the NBA Commissioner Adam Silver's statement last month, the new deals that are being worked upon, will be good for the overall stability of the games. However, he did not confirm the reports about the 11-year deal.

FAQs:

What is the full form of NBA?
The full form of NBA stands as National Basketball Association, which is a premier basketball franchise league hosted in North America, consisting of teams from USA and Canada.

Does Canada participate in NBA?
Canada indeed participates in NBA, having its own basketball team, Toronto Raptors, which is one of the richest basketball franchise in the games.