2024-2025 College Football Playoff Schedule and Payouts
By Kristi Dosh
Last Updated on January 29, 2026
The bracket for the 2024-2024 College Football Playoff is set. Here’s a reminder of how the selection process works in the new 5+7 model:
- The five highest-ranked conference champions receive automatic bids. There are seven at-large bids for the next seven highest-ranked teams.
- The four highest-ranked conference champions are seeded as the top four teams, even if there are at-large ranked ahead of some of those conference champions. Those top four receive a first-round bye.
- Beyond the top four, teams are seeded according to ranking.
- The higher seed in the first-round matchups will host, which can be at their home stadium or another location of their choosing.
Final College Football Playoff Top 25 Rankings
- Oregon
- Georgia
- Texas
- Penn State
- Notre Dame
- Ohio State
- Tennessee
- Indiana
- Boise State
- SMU
- Alabama
- Arizona State
- Miami
- Ole Miss
- South Carolina
- Clemson
- BYU
- Iowa State
- Missouri
- Illinois
- Syracuse
- Army
- Colorado
- UNLV
- Memphis
College Football Playoff Seeding
- Oregon (first-round bye)
- Georgia (first-round bye)
- Boise State (first-round bye)
- Arizona State (first-round bye)
- Texas
- Penn State
- Notre Dame
- Ohio State
- Tennessee
- Indiana
- SMU
- Clemson
College Football Playoff TV Schedule
| DATE | GAME | TIME (ET) | PLATFORM |
|---|---|---|---|
| Fri., Dec. 20 | Indiana at Notre Dame | 8 p.m. | ABC & ESPN |
| Sat., Dec. 21 | SMU at Penn State | Noon | TNT |
| Clemson at Texas | 4 p.m. | TNT | |
| Tennessee at Ohio State | 8 p.m. | ABC & ESPN | |
| Tue., Dec. 31 | Playoff Quarterfinal at the Vrbo Fiesta Bowl TBD vs. Boise State | 7:30 p.m. | ESPN |
| Wed., Jan. 1 | Playoff Quarterfinal at the Chick-fil-A Peach Bowl TBD vs. Arizona State | 1 p.m. | ESPN |
| Playoff Quarterfinal at the Rose Bowl Game presented by Prudential TBD vs. Oregon | 5 p.m. | ESPN | |
| Playoff Quarterfinal at the Allstate Sugar Bowl TBD vs. Georgia | 8:45 p.m. | ESPN | |
| Thu., Jan. 9 | Playoff Semifinal at the Capital One Orange Bowl Winner of Vrbo Fiesta Bowl vs. Winner of Allstate Sugar Bowl | 7:30 p.m. | ESPN |
| Fri., Jan. 10 | Playoff Semifinal at the Goodyear Cotton Bowl Classic Winner of Chick-fil-A Peach Bowl vs. Winner of Rose Bowl Game presented by Prudential | 7:30 p.m. | ESPN |
| Mon., Jan. 20 | CFP National Championship (Atlanta, Ga.) | 7:30 p.m. | ESPN |
All NCAA football matchups during the playoff are run by a separate entity: the College Football Playoff.
2024-2025 College Football Playoff Payouts
With the new 12-team playoff comes a new revenue distribution model. For 2024-2025, are the College Football Playoff payouts:
- $4 million for each of the 12 teams that makes the College Football Playoff
- $4 million for each of the 8 teams that makes the College Football Playoff Quarterfinals
- $6 million for each of the 4 teams that makes the College Football Playoff Semifinals
- $6 million for each of the 2 teams that makes the College Football Playoff National Championship Game
Additionally, each team who participates in the College Football Playoff receives $3 million to cover expenses for each round.
So, here’s what we know so far based on the field of 12:
- Big Ten (4 teams, including a first-round bye): $20M
- SEC (3 teams, including a first-round bye): $16M
- ACC (2 teams): $8M
- Big 12 (1 team): $4M
- Mountain West (1 team): $4M
- Notre Dame: $4M
Bonuses/Awards for College Football Playoff Participation from Conferences
Some conferences give bonuses/awards for teams participating in the College Football Playoff games (while others distribute to all conference members according to their revenue distribution policies). We have spoken with all the participating conferences this year to confirm their policies for this season below:
ACC: For an appearance in the first round, the participating team earns $4 million, followed by another $4 million for reaching the quarterfinals, $6 million for the semifinals and $6 million for the title game. Waiting on confirmation that travel expenses are an additional amount. Teams also receive the expense allocation from the CFP.
Big 12: CFP participants receive the higher of Formula A or B.
FORMULA A:
College Football Playoff (CFP) Championship, First Round/Quarterfinal
- Participation Subsidy: $2,318,548
- Travel Subsidy: $464/one-way mile
College Football Playoff (CFP) Championship, Semifinal/Championship
- Participation Subsidy: $2,608,367
- Travel Subsidy: $464/one-way mile
FORMULA B:
College Football Playoff (CFP) Championship, First Round/Quarterfinal
- Participation Subsidy: $1,912,802
- Travel Subsidy: $927/one-way mile
College Football Playoff (CFP) Championship, Semifinal/Championship
- Participation Subsidy: $2,202,621
- Travel Subsidy: $927/one-way mile
Big Ten: no participation award/bonus for participating teams.
SEC: For 2024-2025, the SEC will give $3M for each team participating in a first-round game, $3.5M for the quarterfinals, $3.75M for the semifinals and $4M for the National Championship, plus travel expenses for each game. Georgia does not earn anything in the first-round since they have a bye.
Mountain West: The conference office has declined to share this information publicly.
We also have historic College Football Playoff payouts.
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