Channel Nine and Foxtel have retained the rights to show the National Rugby League for the next five years, according to Sydney news reports.

Online editions of the Daily Telegraph and Sydney Morning Herald say rival networks Ten and Seven have been told Tuesday morning that they have missed out.

The Telegraph says the NRL will hold a press conference Tuesday to “announce a deal worth $1 billion”. The SMH says it was told Fox Sports will pay $100 million per year, with Nine to pay $80 million per year, a total of $900m over the course of the deal. With the New Zealand television rights also being negotiated, it is understood the deal will be worth more than $1 billion.

Under the new agreement, Nine will retain all representative games and three free-to-air matches a week.

Fox Sports will continue with five games, including Monday Night Football.

Ten and Seven were confident about their chances of claiming the rights but Nine and Foxtel had the option of the final bid.