$4 MILLION FOR MIAMI

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Show Me The Money GIF
 
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This is right from CFP website

  1. A conference will receive $4 million for each team that makes the College Football Playoff (12 schools) and each team that advances to the Playoff Quarterfinals (eight schools).
  2. A conference will receive $6 million for each team that advances to a Playoff Semifinal (four schools) and each team that advances to the national championship game (two schools).
  3. Each conference whose team participates in the College Football Playoff will receive $3 million to cover expenses for each round.
 
It's irrelevant to whom they payouts are made. What matters is the revenue sharing each conference has. The agreement signed with the ACC is that all bowl monies are distributed to the conference after bowl expenses.
 
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