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ESPN and Turner reach nine-year deals with NBA
ESPN and Turner reach nine-year deals with NBA

The National Basketball Assn. has renewed its contracts with ESPN and Turner Broadcasting for nine years, the networks said on Monday. Financial terms of the deals were not disclosed, but a person familiar with the contracts said the NBA will receive a combined $24 billion over nine years, as first reported in a New York Times story, nearly tripling the yearly average under the current arrangement that expires after the 2015-16 season. Under the existing agreements, ESPN has been paying the NBA $485 million a year, while Turner has paid $445 million annually, for a combined $930 million a year. A breakdown for the two new deals wasn't available, but ESPN will continue to pay...

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