ESPN and the UFC have agreed to a new five-year deal that will bring the mixed-martial arts league’s entire rights package from Fox Sports to ESPN, according to ESPN and multiple reports.

Variety first reported on the agreement early Wednesday morning.

This new agreement follows a deal announced earlier this month between ESPN and UFC. The entire package will cost $1.5 billion over five years and will include 30 events per year, according to ESPN and reports.

The new deal is expected to be announced later Wednesday morning.  This is great news!