The College Football Playoff (CFP) will expand from 12 to 24 teams in 2027, following a new five-year agreement with ESPN reportedly worth nearly $1.7 billion, as per ESPN sources.
The deal keeps ESPN as the competition’s exclusive broadcast partner and marks a significant restructuring of the US college football postseason. The expanded format will also bring an end to the Power Four conference championship games, with the SEC, Big 12, ACC and Big Ten expected to determine their champions through regular-season standings and existing tiebreaking procedures.
Under the revised structure, the 24-team field will comprise 19 at-large selections, the champions of the four Power conferences and the highest-ranked team from the Group of Six conferences. Notre Dame will no longer receive a guaranteed place and must secure qualification through its ranking and an at-large selection.
The CFP selection committee will continue to publish its top 25 rankings, although it could extend the weekly list to 30 teams to provide greater visibility of programmes competing for the final places.
The top eight seeds will receive first-round byes, while the first two rounds will be played at the home venues of the higher-ranked teams. Seeds nine to 16 will host first-round fixtures, adding further competitive value to regular-season rankings.
The tournament is scheduled to begin during the second weekend of December 2027, with the national championship game retaining its previously announced date of 24 January 2028 in New Orleans. The Rose, Fiesta, Sugar, Peach, Orange and Cotton Bowls will continue to host the quarter-finals and semi-finals.
ESPN strengthens its position in college sports
The agreement builds on ESPN’s existing relationship with the CFP. In March 2024, the broadcaster secured a six-year deal worth $7.8 billion, extending its exclusive media rights through the 2031 season.
Under the latest arrangement, ESPN is expected to pay an additional average of $345 million annually over five years for the expanded competition, on top of its existing annual commitment of approximately $1.3 billion.
However, the financial impact will be partly offset by the removal of conference championship broadcasts. ESPN is expected to recover around $140 million annually through the cancellation of the SEC, Big 12 and ACC title games, whose television rights it holds. Fox is also expected to save approximately $50 million annually following the cancellation of the Big Ten championship game.
ESPN will retain exclusive rights to the CFP, while having the option to sublicense six of the 12 additional games to approved broadcast partners.
ESPN chairman Jimmy Pitaro said the broadcaster remained committed to developing the competition and strengthening its position in college football.
The network has described the expanded format as an opportunity to bring more programmes, athletes and fan communities into the national championship race.
Regular-season relevance and scheduling changes
The expansion has also raised questions about the commercial and sporting value of the regular season. With more teams qualifying, concerns remain over whether the additional places could reduce the importance of individual fixtures.
The new structure attempts to address this through ranking-based incentives, particularly the advantages attached to a top-eight finish and home-field advantage.
Scheduling requirements will also be introduced. Power Four programmes will be expected to play at least 10 games involving conference opponents and a non-conference fixture against another Power Four school or Notre Dame. Group of Six teams will face similar requirements, including non-conference games against Group of Six or Power Four opponents, Notre Dame or another independent programme.
ESPN executives have acknowledged that the impact on regular-season viewership will become clearer over time, with schools and coaches expected to maintain the significance of all 12 games.
The calendar will also change for two major college football traditions. The Army-Navy rivalry will move to a standalone window on 4 December, previously occupied by conference championship weekend, giving playoff-bound teams an additional rest period. The Heisman Trophy ceremony is expected to take place later that evening.
The existing policy protecting Army and Navy will remain in place, meaning a defeat in their annual rivalry fixture will not affect either team’s CFP standing if it qualifies for the expanded tournament.
What happens to the wider postseason?
While the CFP format has been confirmed, the future of other postseason opportunities remains under review.
ESPN senior vice-president of college sports programming and acquisitions Nick Dawson said the network had not yet decided how the changes would affect bowl games it owns and operates. He added that ESPN would assess the wider postseason landscape following the conclusion of the CFP negotiations.
The decision represents the latest major shift in college football’s commercial and competitive structure, coming just two seasons after the playoff expanded from four to 12 teams.
For ESPN, the agreement reinforces its position at the centre of one of the most valuable properties in US college sport. For conferences, universities and fans, the 24-team model will introduce a new balance between regular-season competition, postseason access and the commercial value of college football’s expanding broadcast calendar.