The PGA Tour has confirmed nine-year agreements with CBS Sports and the NBC Sports Group.
The deals will run to 2011 - the current network deal runs until 2012 - bringing all deals in line with the PGA Tour's contract with the Golf Channel, signed in 2007. The deal is expected to total well in excess of US$3 billion, with PGA Tour commissioner Tim Finchem confirming rights fees have increased from the current contract.
CBS will broadcast an average of 20 events and about 130 hours of live weekend coverage, including the PGA Championship and the Masters. NBC will show the Ryder Cup every second year as well as a number of the PGA Tour's most prestigious events, screening approximately ten tournaments each yeat in total.
"Over the last five years, the quality of our television partners, CBS, NBC and the Golf Channel, and their performance both in the quality of the product and their performance in the marketplace has been a home run for our players, our tournaments, our sponsors and our charities," Finchem said. "So we are absolutely delighted to announce these new long-term agreements with two terrific broadcast partners in CBS and NBC, which secure our television rights for the next decade. Our partnership with all our broadcast partners will provide continuity for our fans throughout the regular season and playoffs."
Picture shows PGA Tour commissioner Tim Finchem.