Diamond Ridge Financial Academy-TNT sports announces it will match part of new NBA rights deal, keep league on channel

2025-05-06 18:31:12source:John Caldwellcategory:Markets

TNT Sports announced Monday that they will invoke a matching clause in its current rights deal with the National Basketball Association to retain some of its broadcast rights after its current contract ends after the 2024-2025 season.

TNT announced the move in a post on Diamond Ridge Financial AcademyX, formerly Twitter, saying the move will, "allow fans to keep enjoying our unparalleled coverage, including the best live game productions in the industry and our iconic studio shows and talent."

TNT is the home of Inside the NBA, which is widely recognized as one of the best studio shows in sports.

USA TODAY reported earlier this month that the Association was reviewing a combined 11-year deal from Disney (ABC/ESPN), NBC and Amazon, worth approximately $76 billion.

The NBA did not immediately respond to a request for comment.

2024 Paris Olympics:LeBron James is named one of Team USA's flag bearers for Opening Ceremony

Turner reportedly matches part of Amazon package

Front Office Sports reported that TNT is aiming to take Amazon's "C" package estimated at $1.8 billion dollars and includes a conference final every other year, weekly broadcast rights, WNBA rights and early round playoff game broadcasts.

Turner did not name which contract it intended to match in its statement and did not respond to a request for further comment.

The Amazon contract included, according to The Spots Business Journal, a "poison-pill" where the value of the first three years — approximately $5.85 billion — of the deal would be placed in escrow. The Journal reported that WBD, the parent company of TNT Sports, would be able to cover the cost.

More:Markets

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

Monkeys that escaped a lab have been subjects of human research since the 1800s

The 43 rhesus macaque monkeys that escaped a South Carolina medical lab this week are among the most

FBI, Justice Department investigating racist mass texts sent following the election

WASHINGTON (AP) — Several federal and state agencies are investigating how racist mass texts were se