The UFC has a new, five-year deal with Fox Sports and BSN, and the network is taking a gamble by offering a $3 million payout.
The new deal comes after a seven-year, $250 million deal with ESPN.
Fox Sports’ deal will make the UFC’s total revenue reach $1.3 billion, according to the network’s latest financial results.
It’s the second-highest annual payout of any major broadcast network.
The UFC’s first deal, with Fox, reached $4 billion in 2013.BSN’s deal is worth about $2 billion, the network reported.
Barely a month after signing a $4.5 billion deal with Disney, the UFC was able to reach a new deal with the sports network in January, the latest of several deals signed in recent months by the UFC.
Fox Sports had a deal with UFC President Dana White for five years worth $4 million a year.
White said he was “not sure” if the deal with BSN will be renewed after the expiration of Fox’s contract, which expires after the 2021 season.
But he said the new deal will keep the UFC “on the map for a long time.”
“The new contract is good, because it will help the UFC get more exposure to the American public,” White said.
“It’s not going to be a massive financial hit for the UFC, but it’s a good thing to see.
BSN has done an excellent job of keeping their sport relevant in this country.
I’m very excited to see how it plays out.
I think the new contract will keep us relevant in a very long time and will allow us to continue to grow our business.”
The new deal also gives the UFC a new home in the United Kingdom, which has been a favorite destination for the promotion because of its long history of broadcasting in the U.K. and the fact that it’s home to UFC events.
The first UFC event at the new venue is expected to take place on March 4, 2020.