By FCF Staff

With the UFC’s current broadcast deal with Fox set to end in 2018, it’s being reported the latter company and ESPN have submitted a joint bid for the MMA promotion’s TV rights.

According to a new report from Variety :

…ESPN has signaled that it would be willing to pay $120-180 million per year to add the Endeavor-owned mixed martial arts league to its collection of live-event rights.

Fox, which currently pays $120 million per year UFC rights, would be willing see that number increase to a little more than $200 million. Fox’s current package includes four Saturday-night fights per year on Fox Broadcasting and a number of fight events on cabler Fox Sports 1 that has increased annually under its current agreement. A joint bid with ESPN would see Fox’s total number of events decline slightly.

The story also states that it’s been speculated the UFC’s ownership group is seeking $300-$400 million in its new television deal.