Each broadcaster will continue to show 30 live games per season across the United Kingdom.
Reports claim the top-fight clubs will get £80million from the new deal, compared to the £65million they got for the five-year deal agreed in 2009.
The league’s chief executive Neil Doncaster said: “Sky Sports and ESPN are two of the biggest names in sports broadcasting and the SPL has enjoyed an excellent relationship with both broadcasters over the course of the current contract, a period which has seen a 28% increase in viewing figures.
“In the current economic climate, announcing an increase in value is excellent news for our clubs.”
