The NBA and its television partners couldn’t wait to extend their contracts. The league renewed its deals with ESPN and TNT even though two seasons remain on the old ones. With potential competition from Fox looming, both networks were willing to pay generously to secure the rights long term. The NBA’s annual revenue from the agreements will increase from $930 million to more than $2.6 billion, according to a person familiar with the terms. The person spoke on condition of anonymity to the Associated Press because the league did not announce financial figures.
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