Limitation on renegotiation or extension of existing media rights contracts

(a) In general A contract for media rights between an athletic association, conference, or institution described in subsection (b) and a network, distributor, or licensee that is in effect on October 1, 2025, may not be renegotiated or extended before the expiration date in the contract, without regard to any provision in the contract that authorizes an extension before the expiration date. (b) Covered entities An athletic association, conference, or institution described in this subsection is— (1) an athletic association that is eligible to enter into a joint agreement described in subsection (b)(1) of section 1 of the Sports Broadcasting Act of 1961 (15 U.S.C. 1291), as added by section 902 of this Act, regardless of whether the athletic association has entered into such a joint agreement; or (2) a conference or institution that is a member of an athletic association described in paragraph (1).