Report: ESPN Set To Bid $500 Million A Year For College Playoff

ESPN is willing to bid $500 million dollars a year for the media rights to college football future playoff system, according to a Sports Business Journal report.

The deal would include a total of $7.3 billion over 12 years starting in 2014. The package includes 12 national championship games and 24 semifinal games within college football's new four team playoff, which begins after next season.

In addition to the national playoff, ESPN would get rights to the Rose, Orange and Sugar Bowls. The network would also have rights to three "access" bowls that will be in the BCS mix: likely the Tostitos Fiesta, Chick Fil A and AT&T Cotton.