Jusuf Nurkic Portland
Photo: NBA

According to The Wall Street Journal, the NBA and Take-Two Interactive Software Inc. will renew their contract for the next seven years.

As a result of this agreement, the company will pay the NBA and the NBPA up to $1.1B.

The partnership will let Take-Two’s 2K continue to produce its NBA 2K video game and other NBA-branded games, including smartphone apps.

The official announcement of the extension is expected shortly.