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College Football Playoff nearing deal to expand to 24 teams in 2027, reports say

  • On Thursday, ESPN and the College Football Playoff neared a deal to expand the postseason to 24 teams beginning in 2027, securing ESPN's exclusive broadcasting rights through the 2031 season.
  • Negotiators are finalizing a structure featuring 19 at-large bids, four Power 4 champions, and one Group of 6 team, which would eliminate Power 4 conference championship games valued around $200 million annually.
  • Financial terms remain unreported, but the expanded deal is expected to pay at least $300 million more annually than the current contract, offsetting revenue lost by eliminating championship games.
  • Fan reception remains critical, with 70 percent of surveyed listeners opposing the 24-team format; podcast host Bruce Feldman noted this reaction mirrors the controversial launch of 'New Coke' in 1985.
  • A December 1 deadline requires final format approval for the 2027-28 season, with logistical requirements determining whether the expanded bracket begins on schedule or delays until 2028.
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KVAL broke the news in Eugene, United States on Thursday, October 15, 2026.
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