Sources: CFP, ESPN ink 5-year, $1.7B deal to expand field to 24 teams

The College Football Playoff and ESPN have signed a five-year, nearly $1.7 billion deal that will expand the field to 24 teams in 2027 with ESPN as its continued broadcast partner, sources told ESPN, a seismic move that also eliminates the lucrative Power 4 conference championship games.

The college football regular season will begin on what has been dubbed "Week Zero," which is the week before Labor Day, and end on Thanksgiving weekend. Selection Day will be Sunday, Nov. 28, 2027, and the national championship game will keep its previously announced date of Jan. 24, 2028.

The 24-team field will include 19 at-large bids, the Power 4 conference champions as determined by each league, plus the highest-ranked Group of 6 team. There will no longer be a guarantee for Notre Dame if it's not ranked high enough to earn one of the at-large bids. The CFP selection committee will continue to rank its top 25 teams for inclusion, and could consider expanding its weekly ranking list to 30 teams to reveal which programs are on the bubble.

The top eight teams will receive first-round byes, and the first two rounds of games will be held at the campus of the higher seed. The playoff will begin on the second weekend in December, 2027 and end with the national championship game on Jan. 24, 2028 in New Orleans as previously scheduled.

The New Year's Six bowls (Rose, Fiesta, Sugar, Peach, Orange, and Cotton) will still host the quarterfinals and semifinals with the national championship game remaining in January. Big Ten commissioner Tony Petitti, whose conference has been the driving force behind the 24-team model, has pushed back against the notion it will devalue the regular season because the system includes "tiered incentives."

Teams seeded Nos. 1-8 earn a first-round bye followed by a home game, and the top two teams earn "the best path all the way through." (The No. 1 seed would face the winner of No. 16 vs. No. 17, and the No. 2 seed would face the winner of No. 15 vs. No. 18). Teams hovering around No. 17 and No. 18 are trying to move up so they can host a first-round home game (awarded to teams seeded No. No. 9-16), while teams at the bottom are constantly trying to stay in the field or protect their spot.

The Army-Navy game will now be played on what used to be conference championship game weekend, and it will have a standalone window on Dec. 4, while the playoff-bound teams have a weekend to rest. The Heisman Trophy ceremony is expected to be later that evening, according to sources.

The current Army-Navy policy will continue in the 24-team field, so if either one of those teams qualifies for the 24-team field and then loses in their annual rivalry game, it won't have any impact on their CFP standing.

According to sources, the Power 4 conference champions are expected to determine their champions through regular-season standings and their established conference tiebreaking procedures.

The historic change to the sport's postseason comes just two seasons after the field tripled from four to 12 teams. In March of 2024, ESPN and the CFP agreed to a six-year, $7.8 billion contract that ensured the network would remain the sole media rights holder of the event through the 2031-32 season.

On Sept. 9, ESPN and the CFP entered a 30-day negotiation window to determine what the value of a 24-team field would be. The window closed on Oct. 9. ESPN will remain the sole rights holder of the event, but can sublicense six of the 12 new games to approved sublicensees for exclusive distribution.

Sources told ESPN's Pete Thamel that the average additional payment from ESPN for the expanded playoff is $345 million annually for the next five years. That is in addition to the average of $1.3 billion annually that ESPN is already paying over that time.

Of that new $345 million, ESPN will essentially be paying only $205 million, as the network is getting back $140 million annually from the cancellation of the SEC, Big 12 and ACC championship games that the network owns the television rights to broadcast. Sources told Thamel that Fox is expected to get back about $50 million annually for the cancellation of the Big Ten title game, which Fox owns the rights to televise.

In the 24-team playoff, the CFP quarterfinals and semifinals were remain as previously announced:

CFP Quarterfinals

Saturday, Dec. 30, 2028, at the Capital One Orange Bowl

Monday, Jan. 1, 2029, at the Goodyear Cotton Bowl Classic, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl

CFP Semifinals

Thursday, Jan. 11, 2029, at the Vrbo Fiesta Bowl

Friday, Jan. 12, 2029, at the Chick-fil-A Peach Bowl

ESPN's Pete Thamel contributed to this report.