Verizon to pay NFL $2.25 billion over 5 years to stream games

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• Verizon has renewed its deal to stream NFL games.

• The deal is worth about $2.25 billion over five years.

• Under the new deal, Verizon has lost its exclusive rights to stream the games.

NEW YORK, Dec 11 (Reuters) - Verizon Communications Inc will pay around $2.25 billion for a five-year digital streaming partnership with National Football League, according to a source.

An NFL spokesman declined to comment on the financial terms of the deal.

Under the partnership, Verizon renews its agreement to stream NFL games on its mobile devices but loses its exclusive rights to the airings.

The No.1 U.S. wireless carrier said the deal will come into effect from January. "Verizon's portfolio of premium digital and mobile media properties, including Yahoo Sports, will stream in-market and national games, including national pre-season, regular season, playoff games, and the Super Bowl nationwide to sports fans – regardless of mobile network," the company said on Monday.

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