ESPN Could Owe $345M More Each Year Under 24-Team CFP

ESPN is expected to add $345 million in annual payments for a 24-team College Football Playoff over the next five years, according to Pete Thamel. That amount would be added to the $1.3 billion per year the network already pays. The expanded playoff format is also expected to end conference championship games.
ESPN could owe an extra $345 million every year if the College Football Playoff expands to 24 teams. That sum would come on top of the $1.3 billion the network currently pays annually, according to Pete Thamel.
The additional money is expected across a five-year period. The larger playoff is also anticipated to eliminate conference championship games.
A 24-team playoff could reshape the college football calendar, affecting players, universities, conferences, and fans. More postseason games may generate additional revenue for ESPN and participating schools, while the possible loss of conference championship games could alter longstanding traditions. Viewers might see a longer bracket, but athletes could face added games and travel. The outcome may depend on how the format and scheduling are ultimately arranged.