The NCAA has extended its contract for the men's basketball tournament with CBS and Turner for an additional eight years through 2032.
The deal announced Tuesday pays an average of $1.1 billion per season, up from more than $770 million under the current deal. The extension retains the existing format, with early-round games televised across CBS and three Turner networks: TBS, TNT and truTV. The Final Four will keep alternating between CBS and Turner. The NCAA initially agreed to a contract with the two companies in 2010, the first time every game would be broadcast live. Before that, the tournament was solely on CBS.
Eight seasons remain on the original 14-year contract.