Three months after Pete Bevacqua stepped down as the chairman of NBC Sports to become the new athletic director at the University of Notre Dame, his alma mater, the company has decided on its next leader. Rick Cordella, who has been with NBCUniversal since 2006 serving in a variety of different roles, has been promoted to the role of “President, NBC Sports,” and will report directly to Mark Lazarus, the chairman of NBCUniversal Media Group.
Cordella most recently served as the president of programming for NBC Sports and Peacock Sports, a role in which he oversaw strategy for the sustained growth of both platforms. Peacock will be the exclusive home of a game within the NFL Wild Card round on Saturday, Jan. 13, 2024, marking the first time such an occurrence is taking place. Cordella was an integral member of the founding team for Peacock and served as the chief commercial officer for the over-the-top (OTT) streaming service. Under his leadership, NBC Sports garnered the accolade for the most-streamed Olympics and Super Bowl in history as the platform more than doubled its subscriber count year-over-year (YoY) to 24 million.
The six-time Sports Emmy Award winner began his tenure with the company within its fantasy sports properties, specifically overseeing Rotoworld and a variety of additional websites under its purview. Cordella was also a board member of FanDuel and represented NBC Sports on behalf of its investment in the sportsbook and gambling company. Additionally, he also has experience in digital media and has worked on the launch of several direct-to-consumer and online services, including NBC Sports Gold, ProFootballTalk and NBCSports.com, while also outlining content and editorial strategy.
“Rick has been at the epicenter of NBC Sports for years with a proven track record of growth and innovation across all platforms, particularly our flagship NBC network as well as Peacock, where he helped architect our leadership role in sports and streaming,” Lazarus said in a statement. “Rick will oversee the evolution of our business as we continue to offer the best experiences and content to our viewers, as well as be the best partner to leagues and rights holders.”
NBC is in the second year of a $20 billion media rights contract with the National Football League, primarily centered on its Sunday Night Football property. The lead broadcast booth of Mike Tirico, Cris Collinsworth and Melissa Stark is in its second season working together. NBC also started broadcasting Big Ten Conference football games this fall with its new B1G Ten Saturday property featuring Noah Eagle, Todd Blackledge and Kathryn Tappen.
The company recently reacquired the rights for WWE SmackDown, which will air weekly starting in Oct. 2024 on USA Network, and will produce four specials in prime time each year as part of the deal. NBC is paying $7.75 billion to broadcast the Olympic Games through the 2028 festivities in Los Angeles, Calif., and has been working with Major League Baseball to present an exclusive Sunday morning contest on Peacock each week. These properties, plus other aspects of its business, will be under the leadership of Lazarus, Cordella and other executives at the company.
“It’s a continuation of what we’ve been doing,” Cordella told John Ourand of Sports Business Journal. “It’s less about this being the start of a new day and more about how we’re going to keep executing the way we have.”
