The College Football Playoff will continue to offer $2,500 stipends for families of players in the four-team tournament. The organization announced the continuation of the program on Monday.
The stipend is available for up to 125 families of student athletes participating in the two semifinal games and championship bout. The stipend is provided for the purpose of aiding families with travel, accommodations and food expenses while attending the semifinal and, potentially, the season’s final game.
Last year, the College Football Playoff paid $1.5 million through the program.
“It is a terrific benefit for our student-athletes and one the university presidents and conference commissioners who manage the playoff are proud to support,” Bill Hancock, executive director of the College Football Playoff, said. Given how popular the playoff structure is and the amount of money it is bringing in, spending $1.5 million to allow families to watch their kids play the biggest game of their lives is a no-brainer and a trivial expense.
The playoff has been a phenomenal success so far, especially in terms revenue. ESPN has paid $7.3 billion to broadcast the games for 12 years. This year, the two semifinal games will take place in Phoenix at the Fiesta Bowl and in Atlanta at the Peach Bowl. In the two-year history of the program, only Alabama has appeared in both playoffs. Considering they currently occupy the No. 1 ranking in the country, odds are that they will make their third consecutive appearance this postseason to defend their victory over Clemson from last year.
This year’s national championship game will be played in Raymond James Stadium in Tampa Bay.