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The person spoke to The Associated Press on
Monday on condition of anonymity because the move had not been
announced. Sportico first reported on the deal.
The contract is the latest source of revenue for the league as
the salary cap continues to climb. The previous deal reached in
November 2013 was worth $5.2 billion CAD over 12 years.
The NHL contracted with ESPN and Turner Sports in 2021 for the
current U.S. TV and streaming rights deal for $4.5 billion over
seven years combined.
The TV contract in hockey’s birthplace helps the NHL’s revenue
forecast for the near future, even if the Canadian dollar is
weak based on tariffs and a trade war that affects the
cross-border league’s business. Commissioner Gary Bettman
expressed concern about the current economic situation at the
general managers’ annual spring meeting in mid-March.
“If the Canadian economy is impacted to the extent that the
dollar declines, the Canadian dollar, vis a vis the U.S. dollar,
we do everything in U.S. dollars, so that’ll have an impact
potentially on our Canadian clubs and (hockey-related revenue),”
Bettman said. “But we’re hoping this is a moment in time and we
get through this. I’m not weighing in politically.”
Revenues have climbed in recent years based not only on TV and
streaming contracts but jersey and helmet advertising,
dasherboard ads and more.
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