Spike TV To Shell Out Over $100 Million To Keep UFC

Spike TV is on the verge of pinning down a multiyear, multimillion-dollar renewal of its Ultimate Fighting Championship distribution deal, according to sources close to the network.

The new deal, which is expected to cost Spike in excess of $100 million, will allow the men’s-targeted network to keep its popular Ultimate Fighter reality series. The pact will also give Spike more live UFC events than the previous agreement, which expired at the end of last year.

Executives from Spike would not comment, and UFC executives could not be reached for comment at press time.