17. Media Deals
This is absolutely massive for all major sports leagues because they have commitments to TV networks. These are worth millions of dollars which have to be repaid if they don’t fulfill their requirements. In sum, this is the main reason why the world’s biggest sports leagues want to return.
Just how much is at stake, you ask? The NBA’s current TV deal is worth $24 billion over nine years. The English Premier League agreed on a new contract with broadcasters last year equivalent to $12 billion over three years. Major League Baseball has a seven-year media arrangement worth over $5 billion. In sum, a lot.