The NHL’s new TV deal with Rogers has finally paid off.
With Rogers’ new deal, the NHL has reached a total of $20 billion in annual revenue for the league, and that number is growing.
But as the year ends, the revenue from those TV deals are likely to be in the millions of dollars, and there’s a big chunk of it still left to come.
The NHL has a long way to go before reaching parity with the NHLPA, and it’s no secret that the players aren’t thrilled with the deal.
The NHLPA is looking to renegotiate the deal in the next few weeks, and if that doesn’t happen, the players are looking to sue Rogers and other sports leagues.
In the meantime, the new TV deals will probably be the most lucrative of all, with Rogers’ deal worth about $7 billion in 2019.
So if you’re a hockey fan, the 2019-20 season is likely to see a major bump in your TV bill.
That’s the kind of news that you’re likely to hear on the radio or the TV channels, but it’s the sort of news the NHL is trying to keep under wraps for now.
The deal was announced Tuesday by Rogers chief executive officer Roger McGuire and Rogers Communications president Roger Loughry.
It will be a one-time, three-year agreement that starts in 2021 and will pay the league about $20.6 billion in total, which is nearly triple the league’s revenue last season.
The deal will also provide Rogers with additional rights to NHL games.