NBA reaches $24 Billion deal with ESPN and TNT

*update: Read more about the details here.

The NBA has agreed to a Nine-Year $24 Billion deal with ESPN, TNT through the 2024-25 season. Yes $24 Billion. The current deal was set to expire after the 2015-16 season.

The NBA Finals will remain on ABC as well.

This is the reason LeBron James signed such a short deal. The salary cap will increase and now he can get paid even more money. I’m not saying he will ask for the max salary again but he will get paid.

An announcement will be made Monday morning.