NHL, Rogers reach $5.2B TV deal
The NHL says it has reached a 12-year, $5.2 billion agreement with Rogers Communications for the league's Canadian broadcast and multimedia rights.
Rogers said Tuesday that the CBC will keep airing ''Hockey Night in Canada,'' and the TVA network in Quebec has all of the Canadian French-language multi-media rights.
The league says the deal gives Rogers national rights to all NHL games, including the playoffs and Stanley Cup Final, on all of its platforms in all languages.
The deal, subject to approval by the NHL Board of Governors, will begin with the 2014-15 season and run through 2025-26. The Board of Governors will next meet Dec. 9-10 in Pebble Beach, Calif.
The league says in a statement that the agreement is the largest media rights deal in its history.
Three of the NHL's top five most valuable teams are based in Canada for the first time since Forbes started tracking the value of teams in the league 15 years ago.
The Toronto Maple Leafs are worth an NHL-high $1.15 billion, followed by the New York Rangers, Montreal Canadiens, Vancouver Canucks and the defending champion Chicago Blackhawks, according to Forbes' annual valuations announced on Monday.
Forbes says Canadian teams usually have higher attendance, helping them generate more revenue from their arenas as compared to U.S.-based franchises.
NHL teams are valued at an average of $413 million, Forbes estimates.