On April 12 2016
April 12, 2016: The NCAA announces an eight-year, $8.8 billion extension of its multimedia rights agreement with CBS Sports and Turner, a division of Time Warner, for the Division I Men’s Basketball Championship. The new contract extends the agreement through 2032.
Sources:
Sources: “In the Arena: The NCAA’s First Century” by Joseph N. Crowley, NCAA News and Champion magazine archives, the NCAA Media Center, and NCAA record books