College Football Playoff revenue distribution down significantly for 2020
The 2020 season (and postseason) was difficult for all sports dude to COVID-19. As fans might expect, the College Football Playoff felt a hit, to the tune of eight-figures.
Michael Smith of Sports Business Journal reports that the College Football Playoff distributed $441.2 million from the 2020-21 college football, down $44.6 million (9.2 percent) from 2019-20’s record mark of $485.8 million.
Both Power 5 and Group of 5 conferences felt the impact. Power 5 conferences each received $57 million, down from $67 million last year. The G5 conferences shared $77 million, down from last year’s $92 million.
While the bulk of the CFP’s revenue comes from the media rights deal with ESPN, key streams such as ticket sales, hospitality and merchandise were impacted by the games’ reduced capacity. Hard Rock Stadium in Miami Gardens, the site of Alabama’s win over Ohio State in the national championship game, only had 14,926 people in attendance.
Smith notes that CFP officials were “relatively satisfied” by the numbers, noting that they weren’t expecting to reach last year’s numbers when LSU played in front of a sold-out crowd in New Orleans’ Mercedes-Benz Superdome, which holds more fans than Hard Rock Stadium.