What TSN pays the CFL and the Senators absolutely has relevance to the CFL and to the Senators, but it has zero relevance to the NFL Network. It will pay whatever it pays, if anything, based on what CFL rights are worth to the NFL Network, not based on what TSN is paying for hockey or football.
The CFL signed the current rights agreement with Bell in good faith. Both parties agreed on the price. If the CFL got taken to the cleaners (which a lot of people who have no access to Bell's profit-and-loss statements for CFL broadcasts seem to take for granted), the CFL has no one to blame but itself.
If the CFL can negotiate a bigger score next time the contract is up, either with Bell or with someone else, or a combination, great! But like all negotiations, it will end with a number all parties can agree to. Just as the last one did. And just as the CFL's negotiations with the NFL Network, if they actually happen, will.
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