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NCAA Men's Division I Basketball Tournament

March Madness through 2032: CBS and Turner extend contract for NCAA men's basketball tournament

March Madness through 2032: CBS and Turner extend contract for NCAA men's basketball tournament

CBS and Turner Sports have renewed their vows with the NCAA, keeping the television rights of the Division I Men's Basketball Championship through 2032 with an extension worth $8.8 billion.

The deal, which will pay the NCAA an average of $1.1 billion a year for eight years starting in 2025, further demonstrates the value of live sports TV events in an age when viewers can watch their favorite programs at their own convenience.

The new deal begins after the conclusion of the current 14-year contract, which pays the NCAA $10.8 billion over its full term.

By extending the rights, CBS and Turner come well-armed the next time they negotiate...

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