NBA will announce TV deal today. (UPDATED)

From the Houston Chronicle:

“NBA commissioner David Stern is expected to announce today that the league has reached new eight-year agreements with ESPN/ABC and Turner Sports that could grant both networks new digital rights to NBA programming.

Several publications reported last week that the NBA was close to an agreement with both networks that would continue through 2015. Both recently completed the fifth year of six-year agreements ? $2.4 billion for Disney and $2.2 billion for Turner, which also received a minority share in NBA TV that will expire after the 2007-2008 season.

The new agreements are expected to grant both networks the rights to show game highlights and other NBA video content on broadband and mobile platforms.”

More on the television deal when it is announced officially.

UPDATE: From Richard Sandomir of the New York Times:

“The N.B.A. will conduct a news conference call today to announce the renewal of its media rights deals with ESPN, ABC Sports and Turner Sports. ESPN and Turner are expected to pay modest increases over their current contracts, which have averaged $766.6 million annually since they went into effect in the 2002-3 season and will end after next season. The new deals are for eight years.”