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The College Football Playoff is inching closer to finalizing its agreement for the future.
Presidents in the ACC and Big 12 voted to authorize their commissioners to adopt the future framework related to a new CFP, including a new revenue model and concepts around a playoff format — all of which will be part of a new contract with ESPN. Those with knowledge of the discussions spoke to Yahoo Sports under condition of anonymity.
The two leagues were thought to be the most resistant to a deal. Their presidential vote is viewed as a significant hurdle crossed to reaching an agreement. The Big 12 and ACC votes were unanimous, sources told Yahoo Sports.
The CFP Management Committee, the 10 FBS conference commissioners and Notre Dame’s athletic director, is expected to meet over the next few days in a gathering that should produce some finality on what’s been a long, dramatic march to the playoff’s future beginning in 2026. Each conference and Notre Dame will be asked to either commit, or not, to the new CFP framework.
The expectation, pending the approval from each conference presidential board, is that all 10 conferences will commit to, most notably, a new revenue-distribution model, parameters around a playoff format and new governance structure. Notre Dame is supportive of the framework, multiple sources told Yahoo Sports.
As detailed in a Yahoo Sports story last Friday, a proposal for a new revenue-distribution model is heavily weighted toward the Big Ten and SEC, according to those briefed on the matter.
In the past structure, the five major conferences mostly split evenly 80% of the CFP’s $460 million in revenue. The new contract with ESPN is expected to be worth $1.3 billion annually starting in 2026.
In a proposal socialized with administrators over the last 10 days, the Big Ten and SEC would combine to earn…
Source link : https://sports.yahoo.com/sources-college-football-playoff-leaders-close-to-finalizing-agreement-for-future-203945069.html
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Publish date : 2024-03-13 20:39:45
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