In news that has been expected for a while now, the NBA is ready announce a mammoth new television deal with ESPN and Turner that reportedly will nearly triple the rights fees it receives from its current contract.

According to Bloomberg, the NBA currently receives about $930 million annually from ESPN and Turner for the right to televise its games. The New York Times’ Richard Sandomir says the two cable-television companies will write some big checks to ensure that the NBA stays on ESPN/ABC and TNT.

The Wall Street Journal is reporting that the new deal will have an online aspect to it, as well, as the NBA and ESPN will partner to begin a service that will stream games to viewers who don’t subscribe to cable or satellite television.

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ESPN and Turner have exclusive negotiating rights with the NBA until next year and apparently have agreed to spend big in order to keep other networks — Fox Sports and NBC, specifically — out of the running. Last month, Sports Business Journal reported that the new deal would maintain the status quo between ESPN and Turner: ESPN would retain the rights to the NBA Finals, while Turner would continue to air NBA games on Thursday nights and keep the rights to the NBA All-Star Game.

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The massive influx of cash from the new deal will almost certainly have an effect on the relationship between the league and its players, who will will seek to get their fair share. Free agents such as LeBron James have agreed to shorter deals on purpose as anticipation of this new television contract grew. Plus, the new television contract is almost certain to come up after the 2016-17 season, when either side may opt out of the collective bargaining agreement that was signed in 2011.

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