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CFP Nears Decision on 24‑Team Playoff as Exclusive Talks With ESPN Enter Final Week

The deal will determine whether broadcasters deliver the extra revenue conferences need to replace about $250 million from conference championship games.

Overview

  • CFP leaders met at Big Ten headquarters this week and described a 24‑team field as increasingly likely but not yet approved.
  • The management committee opened a 30‑day exclusive negotiating window with ESPN that expires on October 9 and will decide whether rights stay with ESPN or go to the open market.
  • Conferences say the chief barrier is finance: eliminating conference championship weekend would cut roughly $250 million in aggregate revenue with the SEC alone losing about $100 million.
  • CFP executive director Rich Clark sketched a possible format that would start in mid‑December, place the first two rounds on campus with eight first‑round and eight second‑round games, and give eight teams byes; a favored selection model would take the top 23 teams in final CFP rankings plus the highest‑ranked Group of Six team.
  • If no deal is struck by October 9 the expanded package could be shopped to other bidders and the CFP has until December 1 to finalize any format change for the 2027 season, a timeline that also raises questions about bowl games, the Army‑Navy window, and local economic losses tied to title games.