The Los Angeles Kings and Fox Sports West have agreed to terms on a new $250 million deal that will keep the hottest team in hockey on the network through 2024.
Bill Shaikin of the Los Angeles Times broke the story Sunday night and has the details:
The contract ranks among the most lucrative local cable deals for any NHL team…
“We’re not only business partners with the Kings. We’re fans of the Kings,” said Steve Simpson, senior vice president and general manager of Fox Sports West and Prime Ticket. “We’re excited to showcase their success on our network.”
Fox agreed to tear up the Kings’ current contract, which extended through 2015 and included annual payments that topped out at about $12 million.
The new deal averages about $21 million per season. The most lucrative local cable deals pay NHL teams more than $25 million per season and the least lucrative less than $10 million, Forbes reported in December 2010.
Expect a formal announcement regarding the deal prior to Game 3 against the New Jersey Devils Monday night.