ESPN is acquiring the NFL Network and other National Football League media assets, including the linear rights to the league's popular RedZone channel, in a deal that will see the NFL get a 10% equity stake in the all-sports network,

The NFL announced Tuesday night that it has entered into a nonbinding agreement with ESPN. Under the terms, ESPN will acquire NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators and the league will get a 10% equity stake in ESPN.

The NFL and ESPN announced on Tuesday that the league and the cable television giant had agreed to a deal that will see the NFL Network channel and other NFL assets headed to ESPN in exchange for a 10% equity stake in the Disney-owned company.