NASCAR and Fox sign 8-year extension through 2022 | wishtv.com

CHARLOTTE, N.C. (AP) — NASCAR and Fox Sports Media Group announced a $2.4 billion, eight-year extension Monday that runs through 2022 and keeps the prestigious Daytona 500 and first third of the Sprint Cup Series on the network.

The deal came with a 33 percent annual fee hike for Fox, which has been with NASCAR since 2001. Fox will pay an average of $300 million annually beginning in 2015.

The deal was put together during an early negotiating window with Fox, which has two full seasons remaining on its current contract with NASCAR.

via NASCAR and Fox sign 8-year extension through 2022 | wishtv.com.