ESPN and the College Football Playoff have agreed to an extension that makes the network the home of the new 12-team tournament, The Athletic reports. The deal, which will be added after the final two years of the previous deal, is reportedly for six years and $7.8 billion and will run through the 2031–32 season.

The creation of the 12-team playoff means that there will be 11 total games throughout the playoffs, which includes the quarterfinals to be played on New Year’s Day. ESPN already owned the rights to all the New Year’s Six bowl games, but now gains the rights to the first four playoff games that will be played on campuses.

However, the network is able to sublicense games to other networks if it so chooses.

While both sides have agreed to the deal, the College Football Playoff leaders must settle other issues that come from the dissolution of the Pac-12 before this deal can be ratified.

College football first introduced the Bowl Championship Series (BCS) championship game in 1998–99, which was broadcast on ABC for eight years. Fox had the game for three seasons from 2007 to ’09, but ABC and ESPN regained broadcast rights in 2009, and ABC broadcast the ’10 national championship, with ESPN taking in ’11.

In 2014, the College Football Playoff was created, and for 10 years, ESPN broadcast both the four-team tournament semifinals and championship game.