More Details on WWE/UFC Negotiations with FOX & Why FOX Chose Smackdown

-- Both of WWE's new deals for Raw and Smackdown will go into effect from October 2019 until September 2024 and will be worth a combined $2.2 to $2.4 billion over the five years.

-- With FOX offering WWE Smackdown $200 million, it appears that it pulled an offer of the same value for UFC, which ended up agreeing to a separate deal with ESPN for $150 million. When FOX was unwilling to pay roughly $10 million per UFC episode, it is believed they used that budgeted $200 million to go to WWE instead.

-- What this means is that according to FOX, they find 52 weeks of Smackdown on Friday nights more valuable than 20 UFC shows plus supplementary programming. One insider noted that "UFC played chicken with FOX and lost."

Source: Wrestling Observer Newsletter. Subscription information & prices available at f4wonline.com