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Investing.com -- The National Football League (NFL) could begin renegotiating its media rights deals as early as 2026, four years ahead of the current agreement’s opt-out clause, NFL Commissioner Roger Goodell told CNBC in an exclusive interview on Wednesday.
To initiate discussions on any new deal, the NFL would need agreement from its current media partners - Disney, Comcast’s NBCUniversal, Paramount, Amazon and Fox.
The NFL signed an 11-year, $111 billion media rights deal in 2021 that includes a league opt-out clause after the 2029-30 season for all media partners except Disney, which has one additional year of rights.
Both the NFL and its media partners may be motivated to strike new agreements, as it could allow the league to increase annual revenue while media companies could extend their control of NFL rights for additional years.
"I think our partners would want to sit down and talk to us at any time, and we continue to dialogue with them. I like that opportunity," Goodell said. "Obviously it’s not going to happen this year. But it could happen as early as next year. That could happen."
A new media rights deal could potentially add billions of dollars to the NFL’s revenue.
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