A board of university presidents voted unanimously on Friday to expand the College Football Playoff to 12 teams, possibly as early as the 2024 season.
An announcement on the College Football Playoff website stated the new format will begin in the 2026 campaign.
It was added, though, that the College Football Management Committee have been tasked with “assessing the possibility of beginning the expanded playoff in either the 2024 or 2025 regular season.”
The Board of Managers – comprised of university presidents representing the 10 FBS conferences, plus Notre Dame – is hoping to implement expansion as soon as possible.
When Friday’s meeting was announced, CBS Sports reported that universities had grown impatient with the commissioners’ hesitancy to adopt a seemingly inevitable expansion and worried about missing revenue by keeping the playoff at four teams.
Media rights for a 12-team playoff could be worth double their current value, up to $1.2billion annually, CBS Sports also reported.
Friday’s vote was the culmination of a process dating back to last June when the board of managers first heard a proposal for a 12-team playoff.
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