The National Football League announced Tuesday a non-binding agreement with ESPN, allowing ESPN to acquire NFL Network and other media assets including RedZone and NFL Fantasy in exchange for a 10% equity stake in ESPN.

ESPN and the NFL have reached a deal that will see the Disney-owned sports media company acquire NFL Network and certain other media assets owned and controlled by the NFL in exchange for a 10 percent equity stake in ESPN.

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.