ESPN will remain the home of the College Football Playoff through 2031 under $7.8 billion deal

The College Football Playoff and ESPN announced a $7.8 billion deal Tuesday that will give the network exclusive rights to the expanded postseason through the 2031 season, with the national championship game moving to ABC starting in 2026.

Financial terms were not announced, but as previously reported the new six-year agreement will pay the CFP and participating conferences $1.3 billion annually.

An agreement in principle between the CFP and ESPN was reached weeks ago, but first the college conferences that participate in the playoff had to sign a deal to continue their partnership for another six years. That agreement and a new revenue-sharing plan was finalized last week.

The new agreements with ESPN, modify terms of the remaining two years of the current contract to take into account expansion from four to 12 teams, starting with the upcoming season.