College Football Playoff

In 2013, the television broadcast rights to all six CFP bowls and the National Championship were acquired by ESPN through at least the 2025–26 season. ESPN then reached 12-year agreements to retain rights to the Rose Bowl, Orange Bowl, and Sugar Bowl following the dissolution of the Bowl Championship Series. In November of that year, ESPN reached a 12-year deal to broadcast the remaining three bowls, the championship game, as well as shoulder programming such as ranking shows. As a whole, the contract is valued at around $470 million per year, or nearly $5.7 billion for the life of the contract. On March 19, 2024, ESPN reached a six-year extension, valued at $1.3 billion per year. This deal will see ESPN add the four new first-round playoff games, which ESPN also can sublicense to other networks, as well as continuing as the home for the New Year's Six bowls and the National Championship Game. In addition, as part of this deal, beginning in 2026–27, ESPN will broadcast the National Championship Game on ABC, marking a return of the game to broadcast television for the first time since 2010.

Ratings

The inaugural College Football Playoff games in January 2015 generated larger ratings than previous BCS games. The 2015 College Football Playoff National Championship had an 18.9 Nielsen rating and was watched by approximately 33.4 million people, the largest broadcast audience of all time on American cable television (non-broadcast), according to AdWeek. That was a 31 percent audience increase over the previous year's championship game and a 22 percent increase over the BCS title game's best rating on cable (a 16.1 rating in 2011). The semifinal games, the 2015 Rose Bowl and 2015 Sugar Bowl, saw 28.16 million and 28.27 million viewers, respectively. According to ESPN, these games also set (and briefly held) all-time records for cable TV viewership.

In 2015, the ratings for the two semifinal games were down from the prior season's equivalents, with the Orange Bowl reaching a 9.7 rating (in comparison to 15.5 for the 2015 Rose Bowl) and the Cotton Bowl reaching a 9.9 rating (in comparison to a 15.3 rating for the 2015 Sugar Bowl). On the online WatchESPN streaming service, excluding 2014 FIFA World Cup games, the Cotton Bowl and the Orange Bowl drew the second and third-largest streaming audiences in the service's history, behind the 2015 national championship. The ratings drops were attributed to the New Year's Eve time slot, as fewer people were at home to watch the game. The decline in ratings was a factor in changes for the scheduling of future CFP semi-final games.

In 2012, ESPN reportedly agreed to pay about $7.3 billion over 12 years for broadcasting rights to all seven games, an average of about $608 million per year. That includes $215 million per year which was already committed to the Rose, Sugar and Orange bowls, plus $470–475 million annually for the rest of the package. By comparison, the most recent contract with the BCS and the Rose Bowl had paid approximately $155 million per year for five games.

The average revenue to the new system over 12 years is to be about $500 million per year. After $125–150 million in expenses, the Power Five conferences split about 71.5 percent of the remaining money, for an approximate average payout of $250 million a year ($50 million per league) over the life of the contract. The "Group of Five" conferences split 27 percent, about $90 million a year ($18 million per league). Notre Dame receives around one percent, about $3.5-4 million, and other FBS independents get about 0.5 percent of the deal.

Extra revenue goes to conferences in contracts with the Rose, Sugar, and Orange bowls, which split revenue 50/50 between their participating leagues. In non-semifinal years, the Rose Bowl's TV revenue would be divided between the Big Ten and Pac-12 conferences; likewise, the Sugar Bowl and Orange Bowl revenue to its participant conferences. When those bowls are semifinal games, the money is distributed by the playoff system to all FBS conferences. ESPN has paid about $80 million a year each for the Rose and Sugar bowls over 12 years. The Orange Bowl deal is worth $55 million per year. For example, in a non-semifinal year, the Big Ten could receive about $90 million (half of its $80 million Rose Bowl deal plus about $50 million from the playoff system).

Conferences receive an additional $6 million each year for each team it places in the semifinals and $4 million for a team in one of the three at-large bowls; Notre Dame receives the same amount in either scenario. No additional money is awarded for reaching the championship game.

The Power Five conferences and the "Group of Five" have not decided on their respective revenue-sharing formulas, though the SEC initially receives more revenue than the other four Power Five conferences due to its BCS success. Reports say the money is to be divided based on several criteria such as "on-field success, teams' expenses, marketplace factors and academic performance of student-athletes". The playoff system awards academic performance bonuses of $300,000 per school for meeting the NCAA's Academic Progress Rate standard of 930. In a hypothetical 14-team conference, $4.2 million ($300,000 x 14) would be allocated to that league, and if only 12 of the 14 members meet the APR standard, then each of the 12 schools would receive $350,000 ($4.2 million / 12), penalizing schools that fall below the threshold.

 

BCS Properties, LLC holds all properties related to the College Football Playoff. Previous BCS commissioner Bill Hancock is the executive director of the playoff organization, with former SEC Assistant Commissioner for Championships Byron Hatch as COO. Like the BCS, the playoff system's management committee consists of the conference commissioners from the 10 FBS conferences and Notre Dame's athletic director. The playoff system's headquarters is in Irving, Texas.

Board of Managers

According to the CFP website, the system's operations are controlled by the Board of Managers, which consists of presidents and chancellors of the playoff group's member universities. The eleven members have sole authority to develop, review and approve annual budgets, policies and operating guidelines. The group also selects the company's officers.

• Eric Barron – President, Penn State (Big Ten)
• Rodney Bennett – President, Southern Miss (C-USA)
• Joe Castro – Chancellor, California State University; former president, Fresno State (Mountain West)
• Gordon Gee – President, West Virginia (Big 12)
• Jack Hawkins – Chancellor, Troy (Sun Belt)
• Rev. John I. Jenkins – President, Notre Dame (Independent)
• Mark Keenum – President, Mississippi State (SEC)
• Kirk Schulz – President, Washington State (Pac-12)
• John Thrasher – President, Florida State (ACC)
• Satish Tripathi – President, Buffalo (MAC)
• R. Gerald Turner – President, SMU (The American)

Athletics Directors Advisory Group

According to the CFP website, the Athletics Directors Advisory Group is appointed by the management committee to "offer counsel" on the operations of the system. As an advisory board, it has no authority in the management of the CFP.

• Gary Barta, Iowa (Big Ten)
• Tom Bowen, Memphis (The American)
• Tom Burman, Wyoming (Mountain West)
• Joe Castiglione, Oklahoma (Big 12)
• Jeremy Foley, Florida (SEC)
• Dan Guerrero, UCLA (Pac-12)
• Chris Massaro, Middle Tennessee (C-USA)
• Terry Mohajir, UCF (The American)
• Mike O'Brien, Toledo (MAC)
• Stan Wilcox, Florida State (ACC)

Although being generally well received, the College Football Playoff has been criticized much like its predecessor, the Bowl Championship Series, which had several controversies.

Team selection

Because the tournament has four teams, at least one Power Five champion misses the playoffs every season. However, not all teams selected have been conference winners:

• In 2016, Ohio State (11–1) – who did not qualify for the Big Ten Championship Game – was selected by the committee. Both the Big Ten champions Penn State (11–2) and Big 12 champions Oklahoma (10–2) had worse records; Penn State had advanced to the conference championship game over Ohio State by virtue of a close victory earlier in the season; Oklahoma lost at home to Ohio State early in the season;
• In 2017, Alabama (11–1) – who did not qualify for the SEC Championship Game due to a final-week loss against SEC runners-up Auburn – was selected ahead of the Big Ten's Ohio State (11–2) and Pac-12's USC (11–2);
• In 2021, Georgia (12–1) lost the SEC Championship Game to Alabama (12–1) but was selected over three Power Five conference champions with multiple losses;
• In 2022, TCU (12–1) was selected for the playoff despite losing the Big 12 Championship Game to Kansas State (10–3) in overtime. Ohio State (11–1) – who once again missed the Big Ten Championship Game due to a Week 12 loss to eventual Big Ten champion Michigan – was also selected, ahead of the ACC's Clemson (11–2) and Pac-12's Utah (10–3).

Some analysts have discussed whether the committee should select conference champions only.

Another critique centered around a perceived bias against smaller conferences such as the Big 12 which used to not stage a conference championship game, but reintroduced one for the 2017 season. The American Athletic Conference addressed this issue by enlisting Navy to its ranks for 2015, bringing its membership to 12 teams, which allowed it to stage a conference championship game under then-current NCAA rules. Since the 2016 season, FBS conferences have been allowed to stage football championship games even if they do not have 12 members.

There are opinions^{[by whom?]} labeling the CFP system "just as" or "even more polarizing" than the BCS or the old wire-service poll system. However, most in sports media^[who?] believe the College Football Playoff Committee got the right foursome for the 2017–18 playoff, for example, for advancing Alabama, a one-loss team excluded from its conference championship on a tiebreaker, instead of Ohio State, a two-loss conference champion.

In 2019, Urban Meyer, head coach of the national champion 2014 Ohio State Buckeyes football team, said that he intentionally ran up the score against Wisconsin in the Big Ten Championship Game to help his team be chosen for the playoff. Criticizing the subjectivity of the selection process, Meyer said that he left the starting lineup in the game despite Ohio State being ahead 45–0 in the third quarter—not resting the starters and risking their health, and poor sportsmanship—because "I don't think the 'eye test' and 'people think' is going to get enough to bump TCU and Baylor". He continued, "I had a job to do, and that was to get Ohio State in the playoff. Do I think that's right? That's wrong", proposing a selection system based on defined criteria.

Late in the 2020 season, which was heavily impacted by the COVID-19 pandemic, Sports Illustrated writer Pat Forde was strongly critical of the CFP committee for what he considered unfair treatment of teams outside the Power Five; he note that the Big 12's Iowa State, at 8–2, were ranked No. 7, one spot ahead of the top Group of Five team, the AAC's then-unbeaten Cincinnati, and twelve spots ahead of the Sun Belt's Louisiana, a team who had beaten Iowa State by 17 points and whose only loss to that point had been in a conference game against unbeaten Coastal Carolina. Michael Aresco, commissioner of Cincinnati's American Athletic Conference, had equally pointed criticism, accusing the committee of "undermining its credibility with rankings that defy logic and common sense and fairness," and said that he would much prefer the computer-calculated BCS rankings system." No Group of Five team was ranked in the CFP top four until Cincinnati was fourth in the rankings released on November 23, 2021.

2023 exclusion of Florida State

The 2023 season saw the tightest playoff race in history, with eight teams in plausible contention before the conference championship weekend. The eventual selection of the one-loss conference champions Alabama (SEC) and Texas (Big 12) was controversial as both teams were selected ahead of unbeaten ACC champion Florida State; prior to 2023, no undefeated Power Five champion had failed to be selected for the playoff. ACC commissioner Jim Phillips called the decision "unfathomable" due to the significance the committee had previously afforded to undefeated conference champions, and Seminoles coach Mike Norvell said he was "disgusted and infuriated" at the decision. CFP committee chair Boo Corrigan cited the late-season injury of Florida State's quarterback Jordan Travis as a reason to rank both Alabama and Texas over Florida State.

Selection committee

The qualifications of selection committee members have also been scrutinized. As an outsider to the sports world, Condoleezza Rice's selection was the focus of some criticism. Former Clemson head coach Tommy Bowden expressed the opinion that the committee's members should be "people who played the game and preferably coached the game". Former Auburn head coach Pat Dye said, "All she knows about football is what somebody told her ... or what she read in a book, or what she saw on television. To understand football, you've got to play with your hand in the dirt". Former Big East commissioner Mike Tranghese also gained membership on the selection committee despite having never played football in college. Former sportswriter Steve Weiberg and retired U.S. Air Force General Michael Gould are other committee members without significant football playing, coaching, or administrative experience.

Scheduling

The semifinal games for the 2015 season were scheduled for December 31; they were expected to have lower television viewership because the date is not a federal holiday, and because the second game faced heavy competition for television viewers in primetime from New Year's Eve specials (such as New Year's Rockin' Eve, which is aired by ESPN's sister broadcast network ABC). Under television contracts with ESPN that predate the College Football Playoff, both the Rose and Sugar Bowl games are guaranteed exclusive TV time slots on January 1 (or January 2 if New Year's Day falls on a Sunday), regardless of whether they are hosting a semifinal game. In an interview with CBS Sports, CFP commissioner Bill Hancock suggested this scheduling issue would "change the paradigm of what New Year's Eve is all about," opining that "if you're hosting a New Year's Eve party, you better have a bunch of televisions around". Although ESPN proposed moving the Thursday, December 31, 2015, semifinal games to Saturday, January 2, 2016, the idea was rejected. The semifinal games' ratings were ultimately down significantly from those of the previous season.

In an effort to reduce the impact of their New Year's Eve scheduling, the 2016 semifinal games, which fell on a Saturday, had earlier kickoff times, at 3:00 p.m. and 7:00 p.m. ET respectively. The 2016 Orange Bowl was played in primetime on December 30, 2016, rather than in an early afternoon window on New Year's Eve. Hancock considered the earlier start times to be a compromise to reduce the games' intrusion into New Year's Eve festivities, but reiterated that there were no plans to move the semi-final games from New Year's Eve outside of years where they are hosted by the Rose Bowl and Sugar Bowl.

On July 28, 2016, however, Hancock reversed this stance and announced revisions to the scheduling for future College Football Playoff semi-final games. The games were rescheduled so that they will not necessarily be played on New Year's Eve yearly: outside of years when they are hosted by the Rose and Sugar Bowls (where they retain their traditional New Year's Day scheduling), they will now be scheduled primarily on the last Saturday or federally observed holiday of the year. In some years, this date will land on New Year's Eve. In 2021, the games were played on Friday, December 31, because the day was observed as a holiday. Viewership of the 2018 semi-finals were down by 25% over the previous semi-finals, which were played on New Year's Day.

• List of college bowl games

• Official website