Found December 12, 2012 on College Football Universe:
TEAMS:
Television networks like Fox and especially ESPN have looked for college football as a thriving market for new media revenue. The BCS, despite controversy, has created more of a national stir for the sport and the upcoming college football playoff means even more money. Earlier this fall, the TV rights for the college football playoff in 2014 was secured in a negotiation with ESPN reportedly for $470 million dollars annually and $5.64 billion for the full length of the 12-year deal. The current contract with ESPN for the Sugar, Orange, and Fiesta bowls as well as the BCS national championship is worth about $125 million annually.  "Because of college football's widespread popularity and the incredible passion of its fans, few events are more meaningful than these games," ESPN President John Skipper said (SI.com). Fox and ESPN also made a deal earlier in the year with the Big 12 Network on an agreement reportedly worth $2.6 billion dollars over 13 years. Basically, th...
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