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BREAKING NEWS: NBA Announces New Television/Media Rights Deal

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The NBA announced their new mega TV/Media rights deal on Monday, October 6th at 10:00am EST.

Edited by Joanna Nesgoda

Bob Donnan-USA TODAY Sports

The NBA is going to announce their new television deal tomorrow morning (October 6th) at 10:00am EST.  The deal is expected to be an extension with both ABC/ESPN and Turner Broadcasting. The current deal was set to expire after the 2015-16 NBA season.

Both Fox Sports and NBC made an extremely strong push to gain access to this new money making machine that is the National Basketball Association, but it appears that it will not come to pass and we will not be able to hear Roundball Rock by John Tesh on Sunday Mornings.

The deal is expected to exceed $2 billion (I've heard rumors of $2.41 billion).

With the size of the NBA's financial pie more than doubling, what does that mean for Seattle, Louisville and expansion? We'll be covering everything tomorrow morning at 7:00am and cover how everything breaks down for Seattle, the Supersonics and potentially any other markets involved.

UPDATE 7:20 PM

Some reports on contract numbers starting to swirl around

And a very interesting one from Nesgoda