Report: Fox, NASCAR set to announce TV rights agreement

The Sports Xchange
The SportsXchangeOctober 15, 2012


Fox and NASCAR are on the verge of an eight-year extension of their current television broadcast rights deal that would extend the partnership through 2022.
Sports Business Daily reported the deal could be worth about $2.4 billion, a large increase from the existing eight-year, $1.76 billion deal. The extension includes 13 Sprint Cup races, the full schedule of truck series races, Daytona 500 and "TV Everywhere" rights that permits Fox to stream races via Fox Sports and affiliate websites.
Fox has typically controlled the TV coverage of NASCAR races from February to early June.
The second half of the NASCAR season is open for bid, but SBD reported no negotiations are expected until the summer of 2013. ESPN and Turner hold rights through the 2014 season.
It is believed NASCAR intends to open the bidding to NBC and CBS, but Fox could be a player for the second half of the schedule with the expected launch of Fox Sports One, a new all-sports channel on which college football, Major League Baseball, motor sports and UFC broadcasts could be carried.