Revenue distribution from the College Football Playoff took a pandemic-induced $44.6 million hit in 2020-21, a 9.2% decline from record revenue the year before.
With capacity drastically limited at Miami’s Hard Rock Stadium, site of the championship game, only 14,926 fans attended because of COVID.
That left many of the CFP’s best revenue streams, such as ticket sales, hospitality and merchandise, severely hampered. The vast majority of the CFP’s revenue comes from its 12-year media rights deal with ESPN.
Revenue numbers could grow significantly in the future if the CFP expands the playoffs from four teams to 12. That will be the subject of intense talks during CFP meetings this week in Chicago.
For 2020-21, however, the CFP paid out a total of $441.2 million from the college football season, compared to $485.8 million in 2019-20, the best year the CFP has had in its first seven years.
The biggest financial setbacks were most evident among the Power Five conferences, each of which saw a $10 million decline.
The funny thing is some of y’all actually think playoff expansion is going to lead to the elimination of at least some cupcake games.
That’s almost as amusing as realizing they haven’t even expanded to twelve yet, and there’s already pressure to go to sixteen.