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People keep saying things like this to explain the UFC's watered down cards, but the number of UFC events hasn't actually gone up since the ESPN deal in 2019. The UFC significantly increased the number of events in 2014 (46 events) and has hovered between 39-43 every year since then.
The real issue is the UFC's business model. They stack the roster with cheap regional-level fighters so they can keep the overhead costs down. Why fill a card with top 15 fighters making 80/80 when you can just pay a bunch of regional fighters 15/15?
The entire rights package will cost $1.5 billion over the length of a five-year deal, according to ESPN and multiple reports. Variety first reported the agreement on Wednesday morning.
The deal consists of 30 UFC Fight Night events per year, including 10 main cards on ESPN's television networks. The other 20 will stream on ESPN+, the company's newly launched streaming service.
UFC Fight Night events consist of 12 bouts.
Additionally, ESPN networks will air preliminary bouts prior to 12 pay-per-view events in 2019.
source: https://www.espn.com/mma/story/_/id/23581729/espn-ufc-reach-five-year-television-rights-deal