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NFL Signs New Contract with CBS-TV

Jan. 10, 1962 - The NFL signed a $9,300,000 contract with CBS-TV today. Under the terms of the 2-year deal, each of the 14 clubs will receive about $320,000 a year. Commission Pete Rozelle said: “All 14 clubs are happy. This equal distribution of TV income will aid us in preserving a balanced league. It will enable teams like Dallas and Minnesota, both of which have made spectacular strides in their short existence, to compete on an even stronger level with the established clubs.” Rozelle said all the clubs, except the Dallas Cowboys, made money during the past season. He re-emphasized that there was no talk of merger with the rival American Football League.

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