An agreement has been reached on a new contract for the College Football Playoff. The new deal begins in 2026, with a 14-team playoff still a possibility.
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- The memorandum of understanding guarantees that the field will have at least 12 teams in 2026 and beyond
- The commissioners and Notre Dame agreed that the conference champions from the ACC, Big Ten, SEC and Big 12 and the highest-ranked Group of 5 champion would earn playoff berths, and Notre Dame will have protections that will survive regardless of the ultimate format. With those ironclad guarantees, the other commissioners and Notre Dame leadership surrendered the bulk of the control over the format to the SEC and Big Ten as "part of the give-and-take," according to a source.
- The financial distribution for the expected 14-team playoff will look radically different. On an annual basis, for example, Big Ten and SEC schools will each be making more than $21 million, up from the nearly $5.5 million that schools in Power 5 conferences are currently being paid. In the ACC, the schools will get more than $13 million annually, and Big 12 schools will get more than $12 million each. Notre Dame is expected to get more than $12 million as well, and sources told ESPN there will be a financial incentive for any independent team that reaches the CFP.
- The vast disparity in revenue between the top and bottom has already elicited discontent and pushback from schools outside the Big Ten and SEC. To help alleviate some of those concerns, sources said a "look-in" clause for 2028 has been added to give the commissioners and Notre Dame leadership a chance to reevaluate the contractual agreements based on how every league has performed to that point. There's also a clause that permits that timeline to be accelerated if there is "material realignment" again.