NO. 31 · OCT. 20, 2026
ESPN Pays Up to Keep the College Football Playoff
A handshake deal has ESPN paying $345 million more a year for a 24-team playoff, though trading away conference title games brings its real added cost closer to $205 million.
By Nick Schupak · The Periodical, Issue 01 · p. 101
ESPN and the College Football Playoff have a handshake agreement for ESPN to televise a 24-team field starting in 2027. ESPN's Pete Thamel reported that the network will pay an average of $345 million more a year for five years, on top of the $1.3 billion a year it already pays for the playoff. The playoff itself said only that "constructive discussions with ESPN continued this week." The headline figure overstates what ESPN is actually adding.
Under the expanded format, the Power Four conference championship games are expected to disappear. ESPN holds the rights to the SEC, ACC and Big 12 title games, so it gets back about $140 million a year, which puts its net added cost near $205 million. Fox, which carries the Big Ten championship, is set to get back an estimated $50 million.
In other words, ESPN is not simply writing a bigger check. It is trading conference title games for playoff games, and paying the difference. The path to the handshake is the other half of the story.
These talks were first reported in these pages on Oct. 2, and by Oct. 8 ESPN's exclusive negotiating window was about to close, which would have opened the door to CBS, Fox, NBC and the streamers. For a moment, the biggest event in college football looked like it might go to market. In the end, the incumbent paid up.
That choice tells you how ESPN values the playoff. Paying hundreds of millions of dollars more a year is expensive. Losing the event to a rival, and watching another network build its college football identity around it, would have cost more.
ESPN decided the price of staying in was worth paying rather than risk losing it to a rival. It also fits a pattern that runs across sports media right now. Companies that move early tend to set the terms, and those that wait usually end up paying more to catch up.
Netflix is getting into the men's World Cup in one country, with free games built in, and DAZN got into local sports while the regional networks were collapsing. ESPN already had the seat at the table, and it chose to pay to keep it rather than lose the event to CBS, Fox, NBC or the streamers. Being first doesn't guarantee anything, but it does put you in position to set the terms.
There is still a caveat. This is a handshake, not a signature, and the details can change before anything is final. But if the agreement holds, ESPN keeps the biggest event in college football to itself for at least the next five years, at a real cost well below the number in the headlines.
It is trading conference title games for playoff games, and paying the difference.
THE REST OF THE BRIEF
MEDIA
Netflix lands its first men's World Cup Sports Media Watch reports
that Netflix acquired exclusive rights to the 2030 FIFA World Cup in Spain, one of the host nations, and in Andorra. It will offer one game a day free in Spain, while all of Spain's matches, the semifinals and the final also air on free-to-air TV. Netflix already holds U.S. and Canadian rights to the next two Women's World Cups.
The biggest events are moving to streaming; the most important games stay on free TV.
Partnerships
PNG's new NRL team signs
the country's largest super fund The PNG Chiefs, joining the NRL in 2028, named Nambawan Super their superannuation partner on a three-year deal. The logo goes on the lower back of the jersey, to be revealed in Port Moresby on Oct. 21, and Nambawan gets category exclusivity across the club's broadcast, merchandise and digital platforms. A team that won't play for more than a year is already signing a national financial brand.
It's a national project, not just a rugby league team.
Advertising
Adweek's Sports Marketing MVPs favor content over
signage Adweek has shared more of its Sports Marketing MVPs. Chime built its sports presence through original content rather than sponsorships, and its series "Ball on a Budget" has passed 123 million views. Fanatics' Super Bowl spot "Bet on Kendall" drew 27 billion earned media impressions.
And Coinbase became the first sponsor to pay the Aston Martin Formula One team in USDC, a digital currency tied to the dollar. Chime: no logo on a wall, and well over 100 million views.
Technology
Rezzil raises $10 million for North America Rezzil has raised $10 million
to take what it calls "movement intelligence" to North America. The Manchester company started with virtual-reality training for professional soccer and now supplies broadcast visualization used by TNT Sports and the BBC, along with gaming and athlete-training products. Jobe Bellingham and Simba Investments are among the backers; the money goes to expansion and hiring.
It's a common sports-tech path: start on the training ground, where the data is, then sell to broadcasters.
DEALS SHEET
3Moves
Jean Eric Salata → Miami Dolphins Undisclosed
2.1% stake from Stephen Ross, valuing the Dolphins and Ross Sports and Entertainment (Hard Rock Stadium, F1 Miami Grand Prix, Miami Open) at $12.5B; NFL owners' vote expected the following week Investors → Rezzil $10M Funding round for North American expansion NL SportTech Ventures and angel investors → Huppa €1M Pre-seed round for Amsterdam gym software company
W ORK THAT WON
So Win
NIKE / BILLUPS, PMG, WIEDEN+KENNEDY · ADWEEK MEDIA PLAN OF THE YEAR,
TOTAL CAMPAIGN ($10M+)
The Super Bowl spot built around Nike's winningest female athletes took 21% share of conversation on the night, according to Adweek, the highest of all 66 advertised brands, and the featured athletes saw a 1,000% rise in online mentions after the debut.
OFF THE RADAR
Two Amsterdam gym owners raise €1 million to fix their software Huppa grew out of its founders' frustration with the tools at their own kickboxing gym and CrossFit box. The €1 million round came from the founders of TicketSwap, Moneybird and others, plus NL SportTech Ventures. The company wants at least 150 sports businesses in the Netherlands and Belgium signed up by the end of 2027.
O
DEEP DIVE
NO. 31 · TUESDAY, OCT. 20, 2026
Inside DAZN's U.S. Launch
DAZN has laid out its local lineup, its pricing and its plan to give some games away. The pitch: short local deals that add up to something national. n Oct. 9, these pages reported that DAZN had signed around 35 U.S. teams in a few months and hoped it would all roll up into national rights. Since then, a lot more has emerged about what it is actually launching.
Start with the lineup. At a press event in New York, DAZN laid out 19 teams it carries through its own deals. In the NBA, that's the Pacers, Timberwolves, Cavaliers, Spurs, Grizzlies, Hornets, Pistons and Magic.
Add the seven New York-area teams from MSG Networks and YES Network; the Capitals, Wizards and Mystics through Monumental; and the Los Angeles Kings. The rest of the count comes from ViewLift, which DAZN bought earlier in 2026. ViewLift powers the apps for the Chicago Sports Network, NESN and teams including the Astros, Nuggets, Golden Knights and Suns.
So even when DAZN's name isn't on the app, its technology may be running it. Now the product. In each market, fans can buy a standalone subscription without paying for the rest of DAZN, with monthly plans, season passes and, for some teams, single games.
Coverage follows each team's full territory, so a Cavaliers fan in Columbus or Pittsburgh gets the same access as a fan in Cleveland. There is a seven-day free trial in San Antonio, Charlotte, Detroit and Orlando. Here is the part that stands out: DAZN is giving some of these games away.
The station groups Nexstar, TEGNA and Gray Media will carry around a dozen locally televised games on free over-the-air TV this season, and Pete Oliver, who runs DAZN's growth markets, told Sports Media Watch that most teams keep around 15 games on free TV. The free games are the marketing. Oliver has also been clear about the limits.
He says DAZN is "absolutely" interested in national packages, but it won't buy rights "for billions of dollars or to lose money." These local deals typically run one to three seasons, and national baseball rights wouldn't be available to DAZN until at least 2028. This is a long build made of short deals. DAZN is running the same play abroad.
Earlier in October it signed European Professional Club Rugby for the next two seasons, streaming every Champions Cup match in Italy and putting one match per round on free-to-air in markets from Japan to Brazil. The real test begins with the NBA season; the Spurs opened at home against the Oklahoma City Thunder on Oct. 20. DAZN hasn't shared subscriber numbers, so watch the signals instead: more teams signing up, teams renewing, and whether any league starts treating DAZN as a national partner.
The strategy is a bet on timing. DAZN got into local sports while the regional networks were collapsing, wagering that short, local deals will add up to something national. Each renewal, each new team and each free game on a local station is part of the case it will eventually make to a league office.
Being first doesn't guarantee anything. But it does put DAZN in position to set terms, rather than pay more later to catch up.
THE THROUGHLINE
Getting in early has a price, and so does staying in. ESPN paid to keep the playoff, Netflix entered the men's World Cup with free games built in, and DAZN is betting short local deals add up to something national.