The College Football Playoff (CFP) has reportedly reached a "handshake agreement" with ESPN to air a new 24-team playoff format, according to a report published on October 16. The deal, which is currently in the negotiation phase, is expected to be finalized soon. The new format would expand the current four-team playoff to include 24 teams, significantly increasing the number of games and the potential revenue for the participating schools and the network.
The report indicates that the agreement is a major step forward in the College Football Playoff's expansion plans. The current four-team format has been in place since the 2014 season. The new 24-team format would be a significant change to the college football landscape and would likely have a major impact on the sport's popularity and revenue.
The Walt Disney Company, which owns ESPN, is a key player in this development. The company's stock, ticker symbol DIS, is currently trading at $110.96, up 0.33%.
