ESPN and the College Football Playoff have agreed to a new television rights deal worth almost $8 billion.

The Athletic’s Andrew Marchand reports the deal is a 6-year, $7.8 billion extension “pending the CFP resolving all of its outstanding issues.”

ESPN will be the home to the 12-team playoff through the 2031-32 season.

“The full contract’s completion is still contingent on CFP leaders finalizing details of the expanded format in the wake of the implosion of the Pac-12,” The Athletic reports. “The CFP’s management committee and board of managers have meetings scheduled for next week and continue to work through the complicated process of settling their outstanding issues.

“The ESPN deal will not be ratified until the commissioners and presidents vote on the structure and financials of the expanded CFP. ESPN senior vice president of communication Josh Krulewitz and College Football Playoff executive director Bill Hancock both declined comment.”

The Athletic also reports in the final two years of its current agreement, “ESPN holds the rights to the new set of first-round games held at on-campus site, in addition to the quarterfinals, semifinals and championship games.”

The quarterfinals will be played at current New Year’s Six bowls.

Check out the full report.