Charles Barkley has agreed to a 10-year deal with TNT that is expected to be worth nine figures.
Barkley currently has three years left on his contract, which pays him A$15 million per season. His current contract coincides with TNT’s agreement with the NBA, which expires after the 2024-25 season. NY Post reports.
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If Turner didn’t keep the NBA, Barkley could potentially have the right to move to another network or digital platform if Amazon, Apple or others are involved.
The exact amount Barkley will make if he plays out his entire contract is still unknown, but it will be well over $158 million and could be closer to $317 million. Barkley may decide to retire from television before the deal ends.
Barkley, 59, has repeatedly talked about retiring at age 60, but TNT has made a big commitment to him and his partners.
While Shaquille O’Neal has already signed a long-term deal, TNT also re-signed anchor Ernie Johnson and analyst Kenny Smith to new deals. Turner officially announced all of the deals later Monday.
“We’re all a big family — Ernie, Kenny and Shaquille are brothers to me — and I wouldn’t be here if it wasn’t for them and all the wonderful people who work on our show,” Barkley said. “But I’m not going to lie, it’s a life-changing deal … and I’m blessed to be able to do live television for a living.”
Barkley is arguably the greatest studio sports analyst of all time, and the pay landscape for sports broadcasters has changed dramatically in recent years, led by the NFL. Tom Brady has signed a game analyst contract with Fox that The Post previously reported will pay him $375 million over 10 years when he starts. This comes after Tony Romo and Troy Aikman make about $18 million a year as NFL analysts.
With Warner Bros. With Discovery, TNT’s corporate parent, Barkley will add to his portfolio by producing documentaries and other projects with his production company Round Mound Media, according to sources.
LIV Golf’s Greg Norman met with Barkley this summer about joining the tour as a commentator. Barkley has been open about his interest in what LIV has to offer and has spoken of “selective outrage” at LIV, believing there was precedent for accepting money from the Saudi-backed upstart association. Before LIV made an offer, Barkley backed out of negotiations. At the time, Turner had not begun talks with Barkley, but sources told The Post that they would.
They now have an agreement that will keep the iconic team of Barkley, O’Neal, Johnson and Smith together for the long haul.
This article originally appeared on NY Post and was reproduced with permission.