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- AT&T Sends Controversial ‘American Idol’ Text Message
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Fox, Nascar Ink 8-Year Deal; Fox Official Home of Daytona 500
Fox and Nascar have reached an eight-year renewal agreement that will give Fox the Daytona 500 every year, rather than in alternate years as it has under the current contract, Mediaweek writes. In order to get the Daytona 500, Fox had to give up three races and the Busch series.
The agreement also includes 13 regular Nextel Cup races. While neither Nascar nor Fox would confirm the $208 million per year dollar amount, sources said that Fox paid nearly the same amount per year with the new contract - beginning in 2007 - as it pays currently.
Nascar officially announced the deal today along with eight-year deals with: ESPN/ABC at $270 million per year for 17 races and the Busch Series; TNT at $80 million for six races that will air during the summer between the Fox and ESPN/ABC races; and SPEED, which will continue as the exclusive home for the Craftsman Truck Series as well as the new home for the Gatorade Duels, Nextel Cup Series Pit Crew Challenge and Nextel Cup Series All-Star Challenge.