The Football Italian understands that the agreement between the Spanish governing body and French TV company LaLiga will see Spain receive two rights deals from the first three years of the deal, and three more from the second and third years.
This will allow the Spanish national team to cover the entire domestic league for the next two years, but it will only cover the first four months of the 2017-18 season.
It will allow LaLigas to pay an extra 50 million euros to the Spanish Football Federation (FFF) for the first two years of a deal, but only if the Spanish team reaches the quarterfinals of the LaLigue 1.
This is in addition to the 50 million Euros that LaLigo paid to the French Football Federation for the same period in 2014-15.
The deal also provides for the return of the Spanish football league to the national federation at the end of each of the next three seasons.
This means that, for example, in 2019-20, LaLIGA will receive one of the rights deals for each of those two seasons, but will not receive the other until the following year.
However, the deal does allow La Liga to have one more year to negotiate with the French broadcaster, with both sides hoping to secure an agreement by the end.
LaLiga are in the midst of a financial crisis, with the football league having to raise an additional 500 million euros in order to stay afloat.
The French media have been quick to point out that La Liga are currently in the process of renegotiating their TV rights agreements with the two major Spanish broadcasters, and that this is one of many issues on the table, including a possible exit from the European Union, in order for them to make some sort of deal.
The negotiations are expected to continue for the rest of the year, but with LaLisa currently in crisis mode, the future of the football association is likely to be decided by the next few months.