Verizon and the NFL are close to finalizing a four-year, $1 billion deal that would allow Verizon mobile users to stream all NFL regular season and playoff games, according to Sports Business Daily.
In contrast, the league’s TV partners, ESPN, CBS, NBC, and FOX, last year signed nine-year deals paying significantly more. ESPN pays an average of $1.8 billion per year, Fox pays $1.1 billion per year, CBS pays $1.08 billion per year and NBC pays $950 million per year.
The NFL’s broadcast partners were offered mobile rights, but none were willing to match Verizon’s offer. The networks do, however, retain the rights to stream games on computers and tablets.
The deal, which is limited exclusively to mobile devices, will make the company one of the NFL’s biggest partners outside of its broadcast media-rights holders.
The deal comes just two weeks after the NFl signed a five year, $400 million agreement with Microsoft.