Recode's sources say the new deal will cost Verizon over $1.5 billion over five years. Verizon operates Yahoo, as well as AOL, which it purchased in 2015, through its Oath Inc. digital subdivision. The WSJ says the deal is worth more than $2 billion, and that Verizon's annual rights and sponsorship fee to the National Football League will rise from its current $250 million to more than $450 million.
The companies said Monday that Verizon's properties, including Yahoo Sports, will stream in-market and national games, including national pre-season, regular season, playoff games, and the Super Bowl nationwide to sports fans - regardless of mobile network.
Verizon and the National Football League on Monday announced a almost $2.5 billion, five year deal, that gives Verizon the ability to stream live in-market and national NFL games on any of its websites, including Yahoo Sports. The new arrangement begins in January.
The NFL benefits here by getting to participate in streaming, as more consumers are bailing on traditional TV and cable services for a la carte streaming options. This past season, it granted Amazon worldwide streaming rights to the 11-game "Thursday Night Football" lineup for a reported $50 million (after Twitter had "TNF" in 2016).
"This model allows our product to be much more broadly available and give greater access to our fans", Hans Schroeder, COO of National Football League media and business, said.
"Starting with the upcoming playoffs and for seasons to come", NFL Commissioner Roger Goodell explained, "live NFL action directly on your mobile device - regardless of carrier - will give millions of fans additional ways to follow their favorite sport". But at $10 billion in revenue, Oath would still be a minor part of Verizon's business, which reported nearly $126 billion in revenue previous year.