ESPN announced a 12-year agreement to televise the new college football playoff games that are set to debut after the 2014 regular season. Sports Business Journal reported the deal would be worth about $500 million per year.
The agreement covers the national championship game and both semifinals each season, plus other bowl games in the rotation that will host the semifinals. ESPN also has rights to the Rose, Sugar and Orange Bowls, giving it rights to every game that is part of the new postseason system.
"We are ecstatic at the opportunity to continue to crown a college football champion on ESPN's outlets for years to come," ESPN president John Skipper said, "the perfect finale to our year-round commitment to the sport."