The network - home of college football's four major bowl games since 1998 - has pulled out of contract negotiations with the BCS.
Earlier this month, the BCS opened up the bidding for the broadcast rights to the Orange, Sugar and Fiesta bowls after being unable to come to an agreement with ABC during the exclusive negotiating period.
"We have taken our bid off the table," Loren Matthews, senior vice president for programming for ABC Sports told The Associated Press on Friday.
The national title game rotates between the Sugar, Orange, Fiesta and Rose bowls every four years under the BCS. The Rose Bowl negotiates its own TV deal and recently re-signed with ABC through to 2014.
ABC has been paying about $25 million per year for the rights to the Fiesta, Sugar and Orange bowls. The current deal runs through the 2005 season (including the New Year's holiday bowls of January 2006).
Earlier this year, BCS officials voted to expand the BCS to five games in the 2006 season to give two more teams access. The championship game will be played at the site of one of the current BCS games.
"Certainly, it's not any dislike of the sport or the BCS. It just didn't make financial sense and didn't appear to us that it would, going forward under their new format, make financial sense," Matthews said.
Fox Sports is believed to be the frontrunner among the networks that currently televise college football.
