In one of the biggest media deals this century, ESPN and the National Football League agreed to a deal that will send popular entities such as RedZone over to the network, according to The Athletic. The deal, according to the report, could be worth billions and is expected to be formally announced next week.

ESPN is set to acquire NFL RedZone and several of the league's other top media holdings, according to The Athletic's Andrew Marchand, who also reported Friday that, in return, the NFL will receive equity in ESPN that is potentially worth billions of dollars.

According to a report from Andrew Marchand at The Athletic, ESPN has agreed to a deal that will give the network some of the league’s top media holdings, including NFL RedZone, in exchange for equity in the worldwide leader that is “potentially worth billions.