For the eight national league franchises, this deal has the potential to be a game-changer.
NZF boss Andy Martin described the broadcasting deal as a way to "give the teams in the league a fighting chance to start their own businesses".
This is important because, for 11 years, the national league franchises had been largely invisible to sponsors. Companies struggled to see how they would get a return on their investment by sponsoring a team in a league that no one sees.
While the broadcast deal is unlikely to have a major effect on crowds, it pumps the product out to a national audience.
It's the first time since the late 1970s that a domestic match that is not a final will be broadcast live on TV.
So what will a successful season look like for Sky and NZF?
"We're not holding each other to hard and fast specific KPIs," Martin said. "We know what good looks like between us. We know what we're trying to get out of this and we'll work together and learn as we go along.
"At the end of the year, we'll look at whether it has improved for them - their audience - and, for us, the outlook of domestic football in New Zealand."
There are still big questions about what the future of the competition looks like. Martin said they are in the final stages of consultation for next season's competition and hope to announce the new plans in the next few months.
Martin wants more teams in the league and a better connection between grassroots and the national league, but didn't want to say more until the details are finalised.
It's a big step for Sky TV. For many in the football community, Sky had become largely redundant after losing the rights to the English Premier League, but they have gone a long way to amending their shortcomings by including the national league alongside the A-League, FFA Cup, FA Cup, Champions League and selected MLS games.
It's been a turbulent two months for NZF, but this is a big step in the right direction.