The reported nine-year deal is expected to be worth $24billion and starts from the 2016-17 season.
Hollins said the agreement was good for the game and is certain it will benefit several parts of the NBA.
"It is beautiful, it is beautiful," he said.
"I still say I am glad to have played in the era I played but it [the TV deal] is great for the league and I want to see the league flourish and really take off and be global.
"It is the sport I love and the one I participated in and now I coach in so it is great.
"I don't even get into numbers, when you get past $100,000 that is a lot of money.
"I don't think about it, I know it is a lot of money and a lot of years and it is going to benefit the players and the league and everybody else that is a part of the league."
Nets star Deron Williams said he was shocked by the magnitude of the deal, which he feels has come due to the league going global.
"I mean the money is divided up and any time a contract of that magnitude is reached it definitely benefits both sides and we knew it was coming but we didn't know what the figure was going to be but it is upwards of $2billion," Williams said.
"It is because the game has gone global, that is the biggest thing and the TV deals and national TV games help."